Poshn Secures $4 Million in Pre-Series A Funding to Streamline Food Supply Chain

Preeti Bali / 8:56 am / May 6, 2024

Poshn, a pioneering foodtech startup, has secured $4 million in its pre-Series A funding round. The investment, led by Prime Venture Partners and Zephyr Peacock India, includes $2 million in debt financing. This latest infusion follows a successful seed round of $4 million raised from the same investors in 2022. Poshn has also established partnerships with various Banks and NBFCs, including ICICI Bank, Alteria Capital, UCIC, Northern Arc, Blacksoil, and Capsave, to meet its debt requirements.

Strategic Investment for Innovation and Expansion

The newly acquired funds will be strategically allocated to bolster Poshn’s existing suite of solutions that address critical inefficiencies within the food supply chain. Additionally, a portion of the investment will be directed towards international expansion plans, with a focus on establishing import and export channels in Southeast Asian and Middle Eastern countries.

Revolutionizing the Food Trade Landscape

Founded in 2020 by the visionary duo of Bhuvensh Gupta and Shashank Singh, Poshn leverages cutting-edge AI models to offer a unified platform for wholesale buying and selling of processed food commodities. This innovative approach streamlines operations within the highly fragmented processed food trade market.

Standing Out from the Crowd

While Poshn operates within a broader ecosystem alongside players like Zetwerk (manufacturing), Infra.Market (construction), and Fashinza (apparel), it carves a unique niche by focusing specifically on processed food commodities.

Exponential Growth and Market Expansion

Poshn’s commitment to innovation has yielded impressive results. The company boasts a remarkable six-fold revenue increase between FY22 and FY24. Since its inception, Poshn has established a strong presence across more than 16 states in India, demonstrating its dedication to transforming the country’s food supply chain landscape.

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