News on Medial

Fruit Supply Startup Superplum Bags $15 Mn In Series A Round

Inc42 · 1y

Noida-based fruit supply startup, Superplum, has raised $15 million in a Series A funding round led by Erik Ragatz, former partner of private equity firm Hellman & Friedman. Superplum, founded in 2019, connects fruit farmers and orchards with retailers and grocery delivery platforms through its B2B2C platform. The funds will be used to streamline the supply chain and expand the infrastructure. Superplum reported a loss of INR 18 crore against a revenue of INR 11 crore in FY23. The startup previously raised around $7 million in seed funding from investors like SoftBank and Flipkart cofounder Binny Bansal.