ONWO (One World), a B2B cross-border food procurement firm, has successfully completed a seed round raising USD 1.6 million.
Mekin Maheshwari, Srinivas Anumolu, and other well-known angel investors joined Whiteboard Capital, 2 AM VC, Kettleborough VC, Climber Capital, and Point One Capital in this round, which was led by Kae Capital, as per reported by BW Disrupt.
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Bipul Kumar, a former executive at Flipkart and a second-time entrepreneur, founded ONWO in July 2022 with the intention of changing the value chain for Indian food exports. With the help of this round of funding, ONWO will grow its staff and improve the platform even further.
Speaking on the announcement, Bipul Kumar, Founder and CEO, of 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.”
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ONWO, founded by Bipul Kumar, offers contract manufacturing, private label, quality assurance, risk management, and full order fulfilment through its IT platform. The company seeks higher margins and value for producers and buyers. ONWO sells mostly in the US, Canada, UAE, Saudi Arabia, Qatar, and Oman.
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