The funds will be used to digitise wholesale commodity trading

Poshn, a platform for wholesale processed commodity distribution & financing has raised Rs 28.8 crore in seed funding, led by Prime Venture Partners and participation from Zephyr Peacock. Poshn provides a seamless and efficient procurement platform especially for bulk processed commodities in a highly fragmented agri supply chain market.

The startup has partnered with 100+ wholesalers across ecommerce, modern trade, general trade and has seen an aggressive adoption from across the supply chain. Poshn has reported a 20X growth in the last eight months and aims to grow at 25 per cent MoM over the next one year. The startup will use the fresh capital to aggressively grow and hire across tech and business functions.