B2B cross-border food sourcing startup ONWO (One World) on Monday raises a seed round of USD 1.6 million.
This round has been led by Kae Capital, with participation from Whiteboard Capital, 2 am VC, Kettleborough VC, Climber Capital, and Point One Capital, along with Mekin Maheshwari, Srinivas Anumolu and other prominent angel investors.
Started in July 2022 by second-time entrepreneur and former Flipkart executive Bipul Kumar, ONWO’s aim is to transform India’s food export value chain. ONWO will use this round of funding to expand its team and enhance the platform further.
Speaking on the announcement, Bipul Kumar, Founder and CEO, ONWO, shared, “India is one of the biggest producers of food staples. However, most of these are traded from India as a commodity with little to no value add. With processing infrastructure steadily maturing in India, we are at an inflection point of becoming the processing superpower. ONWO is at the forefront of reimagining this transition using a digital-first approach in an otherwise traditional industry. ONWO’s full-stack solution will help Indian manufacturers and SMEs access the global markets in a fully managed and asset-light model.”