Company plans to develop the “Suite42 Standard” in the food processing ecosystem and pilot cross border trade exports
Suite42, a B2B food processing platform, announced today that it has raised USD 4.3 million 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 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 standardization, high wastage, and limited access to working capital financing.
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). 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.
Based in Bangalore, Suite42 was founded in 2022 by Rahul Ratan, Ramakrishna Cheruku, Chethan S, and Shriram S. Rahul and Ramakrishna are IIT graduates who were previously working with Udaan and Microsoft, respectively.
Rahul Ratan, Co-Founder and CEO of Suite42, commented, “We are excited to start our journey of potentially redefining the food processing industry in India. Our mission is to empower food manufacturers in India by leveraging technology and building efficient and standardized processes. Consequently, brands and consumers will have access to premium products and ingredients at affordable prices.”
Jinesh Shah, the Managing Partner of Omnivore, said, “The sector is highly unorganized with deep inefficiencies. Less than 5 per cent of India’s agricultural output is processed, preventing realization of profits across the value chains.”
Vinit Bhansali, Senior Vice President at Orios Venture Partners, said, “Suite42 is building a platform to digitize the back end of a food brand from procurement to packaging. The team is targeting a massive TAM and manages the entire supply chain for the brand.”
