Suite42 raises $4.3 Mn seed round co-led by Omnivore and Orios
B2B food processing platform Suite42 has raised $4.3 million in seed round co-led by Omnivore and Orios Venture Partners, with participation from Titan Capital, All In Capital, Pointone Capital, and other angel investors including Sujeet Kumar (Udaan).
Suite42 plans to use the funding for talent acquisition, launching raw material financing, and piloting cross border trade (exports).
Founded in 2022 by Rahul Ratan, Ramakrishna Cheruku, Chethan S, and Shriram S, Suite42 provides contract manufacturing solutions for food processing, serving B2B clients across the FMCG, agribusiness, and grocery industries.
In the next 18 months, the startup plans to work with various B2B clients including e-commerce, D2Cs, and FMCG brands, as well as 2000 modern trade outlets across multiple cities.
In April, agritech-focused venture capital firm Omnivore launched its third fund with a target corpus of $130 million. Omnivore is targeting a first close of the new fund by September and a final close by June next year.
Suite42 seems to be a fascinating startup with a motivating turn of events on food and beverage manufacturing platform. My best wishes to the entire team. This will give them a huge accomplishment in the future.Shishir Gupta, Founder and CEO, StartupLanes
Don’t keep wondering about funding, you can also raise funds. Learn how to raise funds here: Yes I want to raise funds.
If you are an emerging startup and are looking for investors to raise funds, StartupLanes has its own angel network and investment banking services and is connected to angel investors and VCs in 15 countries that ensure that our member startups have easy access to external funds to scale up constantly.
You can subscribe to our news posts by entering your email in the box on the right side of this page.
Check out our YouTube channel for insightful content from the Indian startup ecosystem.
Or join our Whatsapp group to interact with other founders: Yes, I want to join the Whatsapp group.
The right investment is key to beating inflation and growing your wealth. Do you wish to become an angel investor? Yes, I want to be an angel investor.
Are you a startup and facing challenges in your business? Do you want to grow your business? It is not as difficult as it sounds. Learn how to grow your business here- Yes, I want to grow my business.
For Editorial/Rectification please email firstname.lastname@example.org