Foodtech startups often generate revenue through delivery fees, subscription models, or commissions from partnering restaurants. <\/p>\n\n\n\n
Poshn, is \u00a0a full-stack foodtech supply chain startup, raised $4 million in equity and $2 million in debt in its pre-series A funding round led by existing investors Prime Venture Partners and Zephyr Peacock India.<\/strong><\/p>\n\n\n\n Poshn was founded in 2020 by Bhuvensh Gupta and Shashank Singh. In 2022, the startup had raised $4 million in equity in a seed round from Prime Venture Partners and Zephyr Peacock. <\/p>\n\n\n\n Business Model<\/strong><\/p>\n\n\n\n Foodtech Poshn leverages proprietary AI models to provide a single platform for wholesale buying and selling of commodities in a highly fragmented processed commodity trade market.\u00a0<\/p>\n\n\n\n The company does not have direct competitors in food tech space, but competes in specific segments such as Zetwerk (manufacturing), Infra.Market (construction) and Fashinza (apparels).\u00a0<\/p>\n\n\n\n Fund usage:<\/strong><\/p>\n\n\n\n The fresh proceeds Poshn received, will be used to build further its stack of solutions that address the gaps in the system.<\/p>\n\n\n\n Poshn will use the funds to expand the business to global markets with imports and exports in Southeast Asian and Middle Eastern countries.<\/p>\n\n\n\n The firm\u2019s revenue claims to have grown six-fold from FY22 to FY24. Since its inception, the startup has marked a presence in more than 16 states in India. <\/p>\n\n\n\n For Start Ups like Poshn acquiring new customers while retaining existing ones is crucial. High customer acquisition costs can impact profitability, so startups need a balance.<\/p>\n\n\n\n (Image courtesy: snackfax)<\/p>\n","protected":false},"excerpt":{"rendered":" Poshn will use the funds to expand the business to global markets with imports and exports in Southeast Asian and Middle Eastern countries.<\/p>\n","protected":false},"author":3,"featured_media":2449,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[645],"tags":[794,795,796,797,798,799,520,36],"class_list":{"0":"post-2792","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-funding","8":"tag-fashinza","9":"tag-foodtech","10":"tag-global-market-expandion","11":"tag-infra-market","12":"tag-poshn","13":"tag-stack-of-solutions","14":"tag-start-up","15":"tag-zetwerk"},"yoast_head":"\n