Foodtech startup Poshn has raised INR 33.3 crore ($4 million) in its pre-Series A round, including $2 million in debt led by Prime Venture Partners and Zephyr Peacock India.

Earlier in 2022, the startup had raised  $4 million in a seed round from Prime Venture Partner and Zephyr Peacock. Additionally, it has partnered with Banks & NBFCs for its debt requirements. Some notable names include ICICI Bank, Alteria Capital, UCIC, Northern Arc, Blacksoil, and Capsave.

On the new funding round, Shashank Singh, Co-founder of Poshn, said, “Poshn has already cemented its position in the wholesale segment over the last three years. With the trust of investing partners and an infusion of fresh equity, we aggressively integrate forward and backward in the chain and open foreign/export markets over the next 12 months while growing profitably.”

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Prime Venture Partners added,” Poshn has led by being a supply-first company and has meaningfully solved for the B2B food value chain. The company has always been bottom-line focused with a remarkable ROCE and wants to continue expanding that further by going deeper into the supply chain while also pursuing some full-stack vertical integrations. We believe Poshn will be a category-defining company in the coming years, and we are excited to be their partners from day zero.”

Bhuvnesh Gupta, Co-founder, said, “Poshn boasts of best operational and capital efficiency in not just food tech but across B2B segments. With renewed capital and trust, we will continue to scale newer horizons with the same efficiency.”

Founded in 2020 by Bhuvensh Gupta and Shashank Singh, Poshn leverages proprietary AI models to provide a single platform for the wholesale buying and selling of commodities in a highly fragmented processed commodity trade market.

The company does not have direct competitors but competes in specific segments such as Zetwerk (manufacturing), Infra.Market (construction), and Fashinza (apparel).