About Proeon
Proeon is a company based in Pune (India) founded in 2018 by Ashish Korde and Kevin Parekh. 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 as of May 31, 2025. Proeon offers products and services including PROEON MUNG80, PROEON PEANUT80, and Vegan Egg Premix. Proeon operates in a competitive market with competitors including Benson Hill, Plantible Foods, Innovopro, Brevel and NapiFeryn BioTech, among others.
- Headquarter Pune, India
- Employees 7 as on 31 May, 2025
- Founders Ashish Korde, Kevin Parekh
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Sectors
Consumer
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Phone
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Website
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Social
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- Legal Name Proeon Foods Private Limited
- Date of Incorporation 23 Oct, 2024
- Jurisdiction Haveli, Maharashtra, India
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Annual Revenue
$106.13 K (USD)123as on Mar 31, 2024
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Net Profit
-$469.28 K (USD)11as on Mar 31, 2024
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EBITDA
-$459.43 K (USD)11as on Mar 31, 2024
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Total Equity Funding
$2.39 M (USD)
in 2 rounds
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Latest Funding Round
$1.07 M (USD), Grant
Apr 14, 2025
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Investors
Peak Sustainability Ventures
& 5 more
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Employee Count
7
as on May 31, 2025
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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.
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.
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Early-stage venture capital fund focused on multiple sectors
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Investments are directed by WAOO Partners across various sectors.
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Investment and financial consulting services are provided.
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Investor details for Proeon
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Investments & Acquisitions by Proeon
Investment portfolio details for Proeon
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Financial Statements - Proeon
Detailed financials for Proeon
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Proeon Comparisons
Peer comparison for Proeon
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Competitors of Proeon
Proeon operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Benson Hill, Plantible Foods, Innovopro, Brevel and NapiFeryn BioTech, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Provider of plant-based food ingredients
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Producer and supplier of plant-based protein ingredients
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Plant-based protein ingredients from chickpeas are developed for food alternatives.
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Algae-based protein ingredients are developed via automated photo-bioreactors.
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Food-grade proteins from rapeseed are developed and supplied as ingredients.
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Plant-based ingredients for meat alternatives are provided via a platform.
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Detailed competitors of Proeon
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Latest news on Proeon
Complete news archive for 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.
As of May 31, 2025, the latest employee count at Proeon is 7.
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's top competitors include Benson Hill, Plantible Foods and Brevel.
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.