Team Startupcity

• PeelON raised $1M seed funding to expand biodegradable packaging solutions.
• Plant-based films extend shelf life of fresh produce up to 3x.
• Expansion plans cover India, US, Mexico, Southeast Asia, with blockchain-enabled traceability.

Bio-tech startup PeelON raised $1 million in a seed funding round led through deep-tech VC firm growX Ventures, with participation from Boston Venture Group, Clean Energy Venture Group, and Climate Angels.

The company will deploy the capital to expand R&D and production facilities in Visakhapatnam, strengthen sales teams in the USA and India, grow R&D and regulatory compliance functions, and launch strategic marketing campaigns.

Taraka Ramji Moturu and Venkata Ravi Sankar Ummidi co-founded PeelON in 2020 to develop plant-based films that extend the shelf life of fruits and vegetables up to three times. The startup operates on a B2B model, working with farmers, exporters, and retailers to replace single-use plastics across the fresh produce supply chain.

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PeelON introduced two flagship products that target distinct pain points. PeelON-Fresh delivers liners designed for bulk shipments, while PeelON-Retail+ offers retail-ready bags enhanced with natural antimicrobial agents and ethylene scavengers to preserve freshness and reduce spoilage.

The company’s solutions currently support crops such as cilantro, broccoli, leafy greens, rambutan, and bananas. Clients include exporters and retailers in Maharashtra and Andhra Pradesh in India, as well as Texas, Florida, and California in the US. PeelON also collaborates with universities and compostable materials labs in both regions to diversify applications.

PeelON plans to expand production capacity in India and the US, position itself as the preferred sustainable packaging partner for exporters in India, Mexico, and Southeast Asia, and introduce compostable retail packaging in the US and Canada. The startup also prepares to pilot a blockchain-enabled traceability platform to validate carbon footprint and shelf-life data.