Angel Investments
Agri-biotech company GreenPod Labs raises Rs.4-Cr from IAN, Rockstart
Chennai-based GreenPod Labs, an agri-biotech startup, has raised INR 4.05 crore in a pre-seed round led by Indian Angel Network with Rockstart as a co-investor. The startup aims to utilise the funds to strengthen its R&D and commercially scale its product portfolio. The funding will also be directed towards expanding the R&D and operations team. GreenPod Labs intends to minimise fresh produce loss by introducing cost-effective packaging solutions. The company has developed biotech-based packaging sachets that extend the shelf-life of fruits and vegetables by eliminating the need for cold storage and cold supply chains. GreenPod Labs targets farmers, distributors, retailers, and eCommerce platforms with crop-specific solutions that increase their shelf life at ambient temperatures.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
