PeelON, a biotech start-up focused on biodegradable packaging for fresh produce, has secured $1 million in seed funding, led by growX ventures, to expand its operations and address plastic waste in the supply chain.

Target Information

PeelON is an innovative biotech start-up focused on providing biodegradable, compostable packaging solutions specifically designed for fresh produce. With a successful seed funding round of $1 million, led by growX ventures and supported by Boston Venture Group, Clean Energy Venture Group, and Climate Angels, PeelON aims to revolutionize the packaging industry by utilizing plant-based films that extend the shelf life of fruits and vegetables. Operating primarily on a B2B model, PeelON collaborates with farmers, exporters, and retailers to eliminate single-use plastics from the fresh produce supply chain.

The company offers two main products: 'PeelON-Fresh', which provides liners for bulk shipments, and 'PeelON-Retail+', designed for retail-ready bags that incorporate natural antimicrobial agents and ethylene scavengers to maintain produce freshness and reduce spoilage. This environmentally friendly approach not only addresses the critical issue of plastic waste but also enhances the efficiency of the supply chain.

Industry Overview in India

The fresh produce industry in India faces significant challenges, primarily due to high post-harvest losses attributed to inadequate packaging and storage solutions. The reliance on conventional plastic packaging contributes to consider