B2B cross-border food sourcing startup ONWO (One World) has raised $1.6 million in its seed round led by Kae Capital. Whiteboard Capital, 2 am VC, Kettleborough VC, Climber Capital, and Point One Capital, along with Mekin Maheshwari, Srinivas Anumolu and other angel investors also participated in the round.
ONWO will use this round of funding to expand its team and enhance the platform further, the company said in a press release.
Founded by Bipul Kumar, ONWO offers end-to-end solutions to its customers in a full-stack digital model, involving contract manufacturing and private label solutions, quality assurance and risk management, and complete order fulfillment using its tech platform. According to ONWO, it ensures better margins and value add for both manufacturers and buyers. The key markets serviced by them are the US, Canada, UAE, Saudi Arabia, Qatar, and Oman.
Bengaluru-based ONWO claims to have exported more than 10,000 MT of food products, with a repeat rate of >90%. The company has covered more than 15 countries, delivering excellent results to its customers.
Early-stage VC firm Kae Capital invests in pre-seed to pre-series A. Its portfolio has a mix of B2B and B2C startups such as Tata 1mg, Porter, Nazara Technologies, HealthKart, Zetwerk, Wysa, Square Yards, and 1K. It closed its Fund III at Rs 767 crore in November last year. The company targets to invest in 25 companies through this fund and will look at sectors like B2B commerce, Consumer tech, SaaS, Fintech, and D2C, the fund said in a release.