Pune based food ingredient startup Proeon has recently raised Rs 17.5 crore as seed capital. The funding round, led by entrepreneur Shaival Desai, also saw participation from Flowstate Ventures, Peak Sustainability Venture Fund I (executed by Samir Shah on behalf of the Fund), Waoo Partners (Pratul Shroff family office), and other angel investors. Existing investor Sanjaya Mariwala, MD of OmniActive Health Technologies Limited, also participated in this round.
According to an official statement, the funds will be utilised to enhance growth and set up a research lab in the Netherlands, Europe, filing IP, scaling up production and expanding the team.
