2021
Bengaluru (India)
Seed
ONWO is a tech-enabled B2B marketplace transforming India’s food export value chain. The company provides a curated digital platform where global businesses can reliably discover, transact, and fulfill orders for high-quality commodity and packaged food products sourced from verified Indian manufacturers. ONWO’s full-stack, asset-light model offers end-to-end solutions—including contract manufacturing, private labeling, quality assurance, and cross-border logistics—serving markets .
Raised $1.6 million in a seed round (February 2023) led by Kae Capital, with participation from Whiteboard Capital, 2am VC, and prominent angels.
Achieved 10,000+ metric tonnes of food exports to 15+ countries within six months of launch.
Partnered with 50+ verified Indian manufacturers, focusing on sweeteners, spices, and ready-to-eat products.
Curated Marketplace: Digital platform for global buyers to discover and transact with Indian manufacturers of processed foods (e.g., sweeteners, spices, snacks).
Contract Manufacturing & Private Labeling: End-to-end solutions for customized product development, including formulation, packaging, and branding.
Quality Assurance & Compliance: Third-party certifications, lab testing, and regulatory support for international standards (FDA, FSSAI, etc.).
Logistics & Fulfillment: Integrated shipping, customs clearance, and real-time tracking across air and sea freight.
Brown Sugar Cubes: Natural cane sugar with molasses retention for cafes and hotels.
Demerara Sugar: Coarse-textured, gourmet-grade for baking and beverages.
Icing Sugar: Anti-caking, finely ground for confectionery.
Transaction Fees (60%): 3–5% commission on order value processed through the platform.
Contract Manufacturing Margins (30%): Markup on private-label production.
Value-Added Services (10%): Quality audits, logistics, and custom packaging.
Geographic Mix
Middle East (40%): UAE, Saudi Arabia, Qatar.
North America (30%): US, Canada.
Other (30%): Europe, Southeast Asia.
B2B (100%): SMEs and enterprises in food retail, hospitality, and wholesale.
Enterprise vs. SMB: 70% mid-market buyers, 30% large corporates.
US & Canadian Retailers: Bulk buyers of customized sweeteners and snacks.
Middle Eastern Distributors: Major clients for private-label spices and ready-to-eat products.
Kae Capital: Lead investor providing growth capital and market access.
Logistics Providers: Integrated partners for cost-effective cross-border shipping.
Certification Agencies: Collaborations for quality compliance (e.g., ISO, Halal).
Product Expansion: Launching plant-based snacks and organic staples to capitalize on global health trends.
Market Penetration: Targeting Europe (Germany, France) and Southeast Asia (Singapore, Malaysia) through localized sales teams.
Tech Enhancements: AI-driven demand forecasting and blockchain for supply chain transparency (reflecting ESG priorities).
Regulatory Hurdles: Evolving food safety norms in the EU and North America.
Currency Volatility: INR-USD fluctuations impacting exporter margins.
Supply Chain Bottlenecks: Port congestion and rising freight costs.
$1.6 Million
1
$1.6 Million, Seed
as of February 13, 2023
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as of N/A
-
as of N/A
Kae Capital
and 2 more10
Yojak
N/A
Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
---|---|---|---|---|---|---|
February 13, 2023 | Seed | $1.6 Million | - | - | - | Kae Capital, 2am VC, Kettleborough VC, Climber Capital, PointOne Capital, Whiteboard Capital |