S4S Technologies aims to reduce food waste across India
S4S offers a suite of solutions across the value chain to improve the way produce is preserved, processed, and consumed by over one million people in India
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S4S Technologies is a Mumbai-based company using innovative technology to restore and add value to India's inefficient agricultural supply chain. The company closed a $1.75 Million pre-series A round on October 16, 2020, led by Acumen Fund and joined by return investor Factor[e]Ventures and (C-SAW) to expand into new markets and improve their technology and consumable product offerings.
Factor[e] Ventures first invested in S4S in 2018 when the company was comprised of Dr Vaibhav Tidke and a group of technical and operational experts aspiring to empower rural women and reduce food waste with their patented solar conduction dryer. The UN award-winning technology allows agri-entrepreneurs to easily dehydrate produce, extending its shelf life up to one year without any chemicals. Today, S4S offers a suite of solutions across the value chain to improve the way produce is graded, sorted, preserved, processed, and consumed by over one million people in India. They are supporting hundreds of female agri-entrepreneurs, providing dehydrated products to over 650 industry customers including global food brands like Nestle, Sodexo, Indian Railways, Marico, and have successfully piloted their solar conduction dryer in 14 countries.
The funds from the pre-Series A will be used to further develop their network of rural women drying partners, expand their dehydrated product customer base, and optimize their core business systems to prepare for rapid growth in the future.