New Delhi, August 2025 – Biotech startup PeelON, known for its compostable and biodegradable packaging solutions, has raised $1 million in a seed funding round led by growX Ventures, with participation from Boston Venture Group, Clean Energy Venture Group, and Climate Angels.
Founded in 2020 by Taraka Ramji Moturu and Venkata Ravi Sankar Ummidi, PeelON develops plant-based films that extend the shelf life of fruits and vegetables by up to three times. Operating on a B2B model, the startup works directly with farmers, exporters, and retailers to replace single-use plastics across the fresh produce supply chain.
Its flagship products — PeelON-Fresh (liners for bulk shipments) and PeelON-Retail+ (retail-ready compostable bags with natural antimicrobial agents) — are already being deployed across crops like broccoli, cilantro, bananas, and leafy greens. PeelON currently serves clients in Maharashtra and Andhra Pradesh in India, as well as in Texas, Florida, and California in the US.
With this fresh capital, the company plans to expand its R&D and production facilities in Visakhapatnam, strengthen teams in sales, regulatory compliance, and research across India and the US, and launch targeted marketing campaigns. PeelON also aims to pilot a blockchain-enabled traceability platform for carbon footprint and shelf-life validation, making its solutions even more relevant to global exporters.
The startup envisions becoming the preferred sustainable packaging partner for exporters in India, Mexico, and Southeast Asia, while also launching retail packaging formats in North American markets.
As sustainability becomes non-negotiable in global supply chains, PeelON’s innovation positions it at the intersection of biotech, food security, and climate action.
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