Funding
Biotech startup PeelOn raises $1 million in funding round led by GrowX Ventures
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Biotech startup PeelOn has raised $1 million in its maiden funding round led by deeptech-focussed venture capital (VC) firm GrowX Ventures. The company is currently valued at $7.9 million.
The round also saw participation from Boston Venture Group, Clean Energy Venture Group, and Climate Angels.
The startup plans to use the funds to strengthen its research and development (R&D) and production facilities in Visakhapatnam in Andhra Pradesh, expand its sales and regulatory teams in the US and India, launch marketing campaigns for leafy greens, bananas,…
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