Superplum Secures USD 15 Million Funding for Fresh Fruits Expansion

Superplum, an agritech startup in India, has raised USD 15 million in Series A funding to expand its premium fresh fruit business. Led by Erik Ragatz, the funds will be used to develop its produce supply chain infrastructure in India. Superplum has developed a direct-from-farm supply chain using proprietary technology and cold-chain infrastructure, enabling it to sell premium fruits like mangoes, litchis, apples, and grapes. The company's traceability system allows consumers to track the journey of their fruit from farm to table. With a presence in 22 states, Superplum works with farmers to extend shelf lives and enhance fruit quality, reducing food waste and increasing farmer incomes. It is available online through Amazon Fresh, Zepto, Swiggy, and Blinkit, as well as at major retailers in India. The company is also exploring global markets for its traceable premium Indian fruits.

Agritech startup Superplum, which sells premium fresh fruits, on Monday said it has raised USD 15 million from investors to expand its business.

The company said it has completed the Series A funding round to raise USD 15 million.

The round was led by the company's incoming Chairman, Erik Ragatz, former Partner and current Senior Advisor of the global private equity firm Hellman & Friedman.

He joins a strong group of current investors including Mark Siegel, Dan Rose, Steve Jurvetson, Rick Kimball, Binny Bansal, and Kabir Misra.

Superplum, founded in 2019, will use the funds to build infrastructure and transform produce supply chains in India.

Superplum has built a direct-from-farm produce supply chain, using proprietary technology and cold-chain infrastructure to fundamentally improve how produce is grown and brought to market.

It sells fruits like mangoes, litchis, apples, grapes, cherries, and plums amongst a growing list of products.

It also provides traceability, allowing consumers to view pesticide test reports for each batch and see the fruit's journey from farm to table.

The company's vertically integrated cold chain technology extends shelf lives and enhances fruit quality, expanding produce availability across the country, reducing food waste and ultimately improving farmer incomes.

The company works with farmers across 22 states in India and runs modern sourcing and supply chains for 25 fruits across the year.

Superplum's new Chairman Erik Ragatz, said, ''Superplum is a hugely disruptive player in existing produce markets in India and has the opportunity to create an incredibly valuable enterprise.'' Shobhit Gupta, the company's co-founder and CEO, said, ''The fast-growing Indian consumer market is getting more and more demanding. While India has made huge strides in different domains, fresh produce remains lacking in technology and investments.'' Superplum is available online at Amazon Fresh, Zepto, Swiggy, and Blinkit. The company's premium fruits are also available at major retailers such as Spar, Metro, Lulu, Modern Bazaar, More, and Trent as well as hundreds of neighborhood stores in NCR and Bengaluru.

They will also soon be available in Mumbai.

The company also recently started marketing its branded traceable products globally.

With a world-class supply chain, Superplum said it sees great opportunities for premium Indian Mangoes, Lychees, and many more tropical fruits.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)