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PeelON, a bio-tech startup specialising in biodegradable, compostable packaging for fresh produce, has raised $1 million in a seed funding round led by deep-tech-focused VC firm growX Ventures along with participation from Boston Venture Group, and Clean Energy Venture Group.
The proceeds will be deployed to expand R&D and production facilities in Visakhapatnam, hire across sales (USA and India), R&D, and regulatory compliance and launch marketing campaigns, PeelON said in a press release.
Co-founded in 2020 by Taraka Ramji Moturu and Venkata Ravi…
