India signs cooperation agreement with World Food Programme for 2023-27
Suite42 plans to use the seed funding for talent acquisition, developing the “Suite42 Standard” in the food processing ecosystem
Suite42, a Bengaluru-based B2B food processing platform, has raised Rs 34 crore in seed funding. The round was co-led by Omnivore and Orios Venture Partners, with participation from Titan Capital, All In Capital, Pointone Capital, and prominent angel investors including Sujeet Kumar (Udaan). Suite42 plans to use the seed funding for talent acquisition, developing the “Suite42 Standard” in the food processing ecosystem, launching raw material financing, and piloting cross border trade (exports).
The startup provides contract manufacturing solutions for food processing, serving diverse B2B clients across the FMCG, agribusiness, and grocery industries. Despite the rapid increase in demand for branded food products, most food brands in India struggle with reliable manufacturing. At the same time, India has more than 40,000 food processing units that suffer from multiple inefficiencies including low capacity utilisation, lack of quality standardisation, high wastage, and limited access to working capital financing. Suite42’s B2B food processing platform is working to solve these long standing issues, offering complete contract manufacturing solutions.
In the next 18 months, the startup plans to work with various B2B clients including e-commerce, D2Cs, and FMCG brands, as well as 2000 modern trade outlets across multiple cities.