“Kae Capital Leads $1.6 Million Seed Round for ONWO”

• ByStartupStory     |    February 13, 2023

ONWO, a B2B cross-border food sourcing start-up, has secured $1.6 million in its seed funding round led by Kae Capital. Other investors, including Whiteboard Capital, 2 am VC, Kettleborough VC, Climber Capital, Point One Capital, and angel investors such as Mekin Maheshwari and Srinivas Anumolu, also participated in the round. The company plans to use the funds to grow its team and improve its platform, as stated in a recent press release.

Founded by Bipul Kumar, ONWO provides comprehensive solutions to its clients through its full-stack digital model, which includes contract manufacturing and private label offerings, quality assurance, risk management, and complete order fulfillment through its tech platform. The company aims to provide better margins and added value for both manufacturers and buyers. ONWO’s primary markets are the US, Canada, UAE, Saudi Arabia, Qatar, and Oman.

Based in Bengaluru, ONWO boasts of exporting over 10,000 metric tons of food products with a repeat rate of more than 90%. The company has served customers in over 15 countries, delivering outstanding results.

Kae Capital, a venture capital firm specializing in early-stage investments, recently closed its Fund III at INR 767 crore. The firm invests in startups ranging from pre-seed to pre-series A and has a diverse portfolio including Tata 1mg, Porter, Nazara Technologies, HealthKart, Zetwerk, Wysa, Square Yards, and 1K, among others. The company plans to invest in 25 startups in sectors such as B2B commerce, consumer technology, software-as-a-service (SaaS), fintech, and direct-to-consumer (D2C), according to a recent press release.

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