New Delhi, Foodtech startup Poshan on Monday raised US$4 million equity and US$2 million debt in a pre-Series A funding round led by Prime Venture Partners and Zephyr Peacock India.
"Poshan plans to use the new funds to advance its innovative Stack O solutions that address deficiencies in the system. Additionally, it plans to expand its reach to global markets with import/export across profitable categories in Southeast Asian and Central It plans to use the funds to expand its business in the eastern country, the company said in a statement.
The statement said Nutrition's full-stack approach to simplifying the food supply chain will help the startup grow 5x in revenue over the next two years and become PAT-positive in the next 12 months.
Earlier in 2022, the startup had raised US$4 million in equity in a seed round with Prime Venture Partners and Zephyr Peacock.
"Poshan plans to use the new funds to advance its innovative Stack O solutions that address deficiencies in the system. Additionally, it plans to expand its reach to global markets with import/export across profitable categories in Southeast Asian and Central It plans to use the funds to expand its business in the eastern country, the company said in a statement.
The statement said Nutrition's full-stack approach to simplifying the food supply chain will help the startup grow 5x in revenue over the next two years and become PAT-positive in the next 12 months.
Earlier in 2022, the startup had raised US$4 million in equity in a seed round with Prime Venture Partners and Zephyr Peacock.