Panaji: GreenPod Labs, an agri-biotech startup, has raised Rs 4.3 crore investment through a pre-seed round from investors including the Indian angel network and Rockstart. Supported by the Forum for Innovation Incubation Research & Entrepreneurship (FiiRE) Goa, GreenPod Labs offers packaging which enhances the shelf-life of fruits and vegetables.
Founded in 2019 by Deepak Rajmohan and Vijay Anand, GreenPod Labs intends to minimise fresh produce loss and the fresh infusion of funds will be used for research and development as well as scaling up operations.
FiiRE had sanctioned Rs 7.5 lakh to GreenPod Labs under the Startup India Seed Fund Scheme (SISFS). FiiRE is listed as an incubator and is supported by the Centre.
GreenPod Labs developed biotech-based sachets as a cost-effective post-harvest customised packing solution for fruits and vegetables, said chief executive officer of FiiRE, D S Prashant.
“This biotech solution not only increases the shelf-life of fresh fruits and vegetables but also reduces the huge expenditure on cold storage and supply chains. The firm aims to cater to farmers, distributors, retailers, and e-commerce platforms,” said Prashant.
GreenPod Labs aims to launch bio-sachet products for three crops in the current year, and is also working on developing four more biotech products this year.
FiiRE was launched in 2018 at Don Bosco College of Engineering and the Margao-based technology business incubator was picked in July 2021 under the Startup India Seed Fund scheme to disburse funds to startups.
“The startup aims to utilise the investment to strengthen its R&D foundation and commercially scale product portfolio. The funding will also be directed towards expanding the R&D and operations team,” said GreenPod Labs.
Founded in 2019 by Deepak Rajmohan and Vijay Anand, GreenPod Labs intends to minimise fresh produce loss and the fresh infusion of funds will be used for research and development as well as scaling up operations.
FiiRE had sanctioned Rs 7.5 lakh to GreenPod Labs under the Startup India Seed Fund Scheme (SISFS). FiiRE is listed as an incubator and is supported by the Centre.
GreenPod Labs developed biotech-based sachets as a cost-effective post-harvest customised packing solution for fruits and vegetables, said chief executive officer of FiiRE, D S Prashant.
“This biotech solution not only increases the shelf-life of fresh fruits and vegetables but also reduces the huge expenditure on cold storage and supply chains. The firm aims to cater to farmers, distributors, retailers, and e-commerce platforms,” said Prashant.
GreenPod Labs aims to launch bio-sachet products for three crops in the current year, and is also working on developing four more biotech products this year.
FiiRE was launched in 2018 at Don Bosco College of Engineering and the Margao-based technology business incubator was picked in July 2021 under the Startup India Seed Fund scheme to disburse funds to startups.
“The startup aims to utilise the investment to strengthen its R&D foundation and commercially scale product portfolio. The funding will also be directed towards expanding the R&D and operations team,” said GreenPod Labs.
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