India's Proeon

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Facts & Figures

India’s Proeon Named a Technology Pioneer by the World Economic Forum

India’s Proeon has made it onto the World Economic Forum’s list of the 100 most innovative Technology Pioneers of 2022. The plant-based protein startup was recognised for its contribution to sustainability in the food system. Proeon is working to develop plant protein ingredients with excellent nutritional, sensory, and functional properties. The company aims to save more than 170 billion litres of water and 150 megatonnes of carbon emissions by replacing animal ingredients with plants. Founded in 2018 by Ashish Korde and Kevin Parekh, Proeon is currently working with mung bean, chickpea, hemp, and amaranth proteins. Last September, the company raised $2.4 million in its seed round, saying it would use the funding to establish a research lab in the Netherlands. Alt-protein Technology Pioneers Proeon is …




Investments & Finance

Goodmylk and Proeon Leading the Plant-Based Revolution in India 

Two leading Indian alt protein startups have completed successful seed funding rounds, as the plant-based movement gathers pace in the world’s second-largest country. Indian alt dairy producer Goodmylk has raised $1 million in an extension of its seed round, while plant protein innovator Proeon has raised $2.4 million in seed funding.  “India’s agricultural heritage and biodiversity offers tremendous potential to satisfy skyrocketing global demand for plant protein” Seeing participation from major Indian and international angels and firms, Goodmylk’s $1 million fundraise comes after rapid growth and expansion into new cities such as Mumbai, Hyderabad, Delhi, and Chennai, as well as strengthening operations in Bengaluru. The fresh funds will be put towards a product portfolio expansion and increased distribution. The brand’s stated aim is to make …