PeelON raises $1M to boost R&D and expand reach in US & India.

PeelON, an agri-biotech startup, raised $1M in seed funding led by growX Ventures to expand R&D, production in Visakhapatnam, and hiring. Founded by Taraka Ramji Moturu and Venkata Ravi Sankar Ummidi, it develops biodegradable films that extend produce shelf life up to 3x. Its B2B model serves farmers and retailers with products like PeelON-Fresh and PeelON-Retail+, deployed across India and the US. Plans include scaling capacity and piloting blockchain traceability.