B2B food processing startup Suite42 raises $4.3 million in seed funding

There are over 40K food processing facilities exist in India, most of which are inefficient due to lack of quality standardization, poor capacity utilization, and limited access to working capital credit.

Founded this year by Rahul Ratan, Chethan S, and Shriram S, Suite42 aids food businesses in identifying manufacturing partners, negotiating reasonable rates, and ensuring product quality. Suite42 provides contract manufacturing solutions for the food processing sector to several B2B clients in the FMCG, agriculture, and supermarket industries. Despite increased demand for branded food products, most Indian food companies are having difficulty locating reliable producers.

The firm also assists Indian food producers that are struggling with inefficiencies and a lack of operating capital. Suite42 intends to use the new funding for product development and staff employment. It also intends to develop financing alternatives for food entrepreneurs in order to get raw ingredients and test exports.

Co-founder Rahul Ratan commented that they are excited to start their new journey of redefining the Indian food processing industry. He added that their goal is to empower food makers in India via the use of technology and the development of efficient and standardized procedures so that companies and customers have access to high-quality products and ingredients at reasonable rates.