About Proeon
Proeon is a Consumer company based in Pune (India) founded in 2018 by Ashish Korde and Kevin Parekh. Sustainable plant-based protein isolates are supplied for food uses. Proeon has raised $2.39 million across 2 funding rounds from investors including Peak Sustainability Ventures, Landesregierung Brandenburg and Flow Ventures. The company has 7 employees. Proeon offers products and services including PROEON MUNG80, PROEON PEANUT80, and Vegan Egg Premix. Its focus areas include Food and Agriculture Tech, Food Tech, Novel Foods and Food Ingredients. Its legal entity in India is Proeon Foods Private Limited (U01639PN2024PTC235222).
Company details
Proeon was established in 2018 in Pune, India, within the food ingredients sector. Sustainable peanut protein isolate and mung protein isolate are produced and supplied for applications including protein beverages, energy bars, breakfast cereals, savory spreads, and vegan egg premixes. Operations focus on plant-based alternatives to support various food manufacturing needs.
- Headquarters Pune, India
- Employees 7
- Founders Ashish Korde, Kevin Parekh
- SectorsConsumer
- Website proeon.co
- Social LinkedIn X
- Legal Name Proeon Foods Private Limited
- Date of Incorporation 23 Oct, 2024
- Jurisdiction Pune, Maharashtra, India
- Annual Revenue$106.13 K (USD)123as on Mar 31, 2024
- Net Profit-$469.28 K (USD)11as on Mar 31, 2024
- EBITDA-$459.43 K (USD)11as on Mar 31, 2024
- Total Equity Funding$2.39M (USD)
in 2 rounds
- Latest Funding Round$1.07M (USD), Grant
Apr 2025
- InvestorsPeak Sustainability Ventures
& 5 more
- Employee Count7
Associated legal entities of Proeon
Proeon is associated with 2 registered companies on The Company Check; the primary company is Proeon Foods Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Proeon Foods Private Limited CIN U01639PN2024PTC235222 | Active | 23 Oct 2024 | Pune, Maharashtra | 3 | View details | ||
| Sattvaponics Solutions Private Limited CIN U74999MH2017PTC295064 | Active | 18 May 2017 | Mumbai, Maharashtra | ₹3.0 Cr | 7 | 2 | View details |
Products & Services of Proeon
Proeon offers a comprehensive portfolio of products and services, including PROEON MUNG80, PROEON PEANUT80, and Vegan Egg Premix.
High-functional protein for plant-based egg formulations.
Versatile protein for bars, beverages, and nutritional products.
Premix for creating nutritious vegan egg substitutes.
Funding Insights of Proeon
Proeon has successfully raised a total of $2.39M across 2 strategic funding rounds. The most recent funding activity was a Grant round of $1.07 million completed in April 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $2.39M
- Total Rounds 2
- Last Round Grant — $1.07M
- First Round $2.39M
(Sep 2021)
- Investors Count 6
All 2 funding rounds of Proeon with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2025 | $1.07M | Grant | – | – | |
| Sep 2021 | $2.39M | Seed | – | Shaival Desai |
6 investors in total: 4 institutional and 2 angel.
Investors in Proeon
Proeon has secured backing from 6 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Peak Sustainability Ventures, Landesregierung Brandenburg and Flow Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture capital fund focused on multiple sectors | 2019 | peakventures.in | Mumbai, India | |
Investments are directed by WAOO Partners across various sectors. | waoopartners.tcc.mode | |||
Investment and financial consulting services are provided. | 2007 | flowventures.com | Toronto, Canada | |
Governance and public services in Brandenburg state are administered. | brandenburg.de | |||
SM Sanjay Mariwala | Managing Director at OmniActive Health, prominent angel investor in Indian startups | unknown_00f38f72479c4f92a | ||
SD Shaival Desai | unknown_82b884ae146b4642a |
Investor details for Proeon
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Board of directors of Proeon Foods Private Limited (Proeon)
Proeon Foods Private Limited is the primary company behind Proeon. The boards of the 2 registered companies of Proeon currently have 3 directors; the longest-serving is Ashish Deolal Korde, appointed in 2018. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ashish Deolal Korde DIN 02995731 | Additional Director | 23 Mar 2018 | 8 yrs 7 mo | Sattvaponics Solutions Private Limited, Proeon Foods Private Limited |
| Kevin Gopal Parekh DIN 08094846 | Additional Director | 23 Mar 2018 | 8 yrs 7 mo | Sattvaponics Solutions Private Limited, Proeon Foods Private Limited |
| Ashish Sodhani DIN 10818390 | Director | 23 Oct 2024 | 2 yrs | Proeon Foods Private Limited |
People of Proeon
2 people are tracked at Proeon (2 in leadership); the tracked headcount is 7.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for Proeon
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Proeon
3 dated milestones of Proeon across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Proeon is founded.
- Funding First funding round of $2.4M.
- Funding Latest funding round, Grant, of $1.1M.
Web traffic of Proeon
The website of Proeon (proeon.co) receives about 5.9K visits a month.
- Monthly visits5.9K
▼ 9.6% vs previous month
Top companies in Food & Beverage Platforms
3 companies that operate in the same segment as Proeon (Food & Beverage Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online platform food ordering and delivery service | 2008 | Gurugram, Haryana, India | USD 1.69 B | USD 5.79 B | 6,903 | |
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.54 B | USD 2.46 B | 4,488 | |
Online platform offering discovery of local deals, experiences, and rewards | 2015 | Gurugram, Haryana, India | USD 105.82 M | USD 37.82 M | 414 |
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Related news about Proeon
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Frequently Asked Questions about Proeon
Proeon was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Proeon is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Proeon is a funded company, having raised a total of $2.39M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2.39M, raised on Sep 2021.
Proeon has 7 employees.
Annual revenue of Proeon is $106.13K as on Mar 31, 2024.
Proeon was established in 2018 in Pune, India, within the food ingredients sector. Sustainable peanut protein isolate and mung protein isolate are produced and supplied for applications including protein beverages, energy bars, breakfast cereals, savory spreads, and vegan egg premixes. Operations focus on plant-based alternatives to support various food manufacturing needs.
Proeon offers PROEON MUNG80, PROEON PEANUT80, and Vegan Egg Premix.
Proeon has 6 investors. Key investors include Peak Sustainability Ventures, Landesregierung Brandenburg, Flow Ventures, Sanjay Mariwala, and Shaival Desai.
Proeon is associated with 2 legal entities: Proeon Foods Private Limited, Sattvaponics Solutions Private Limited.
The legal entities of Proeon currently have 3 directors, including Ashish Deolal Korde, Kevin Gopal Parekh, Ashish Sodhani.