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Home World Regional News Asia

B2B food processing startup Suite42 raises $4.3M

Femi Thomas by Femi Thomas
09/07/2022
in Asia
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Suite42 India

Suite42 India

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Bengaluru-based B2B food processing startup Suite42 said it has raised $4.3 million in funding co-led by Omnivore and Orios Venture Partners, with participation from Titan Capital, All In Capital, Pointone Capital, and Udaan’s Sujeet Kumar.

Suite42 plans to use the funding for talent acquisition, developing the ‘Suite42 Standard’ in the food processing ecosystem, launching raw material financing, and piloting cross-border trade (exports).

Founded in 2022 by Rahul Ratan, Ramakrishna Cheruku, Chethan S, Shriram S Rahul, and Ramakrishna.

Suite42 provides contract manufacturing solutions for food processing, serving diverse B2B clients across the FMCG, agribusiness, and grocery industries.

For the food processors, Suite42 claims to be aggregating demand, driving better capacity utilization and facilitating low-cost access to working capital.

 

Read more on Tech Gist Africa:

India’s Supply chain finance startup, CashFlo raises $8.7M

Indian Startup Lal10 raises $5.5 Million

Indian Solar financing platform Aerem raises $2.5 Million

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