Bambrew, India’s largest one-stop innovative packaging solution provider as an alternative to single-use plastic, has raised pre-Series-A funding. Blue Ashva Capital and Supack Industries led a $2.35 million investment round. Mumbai Angels and other renowned angel investors took part in the round.
The current influx of capital will be used to establish India’s first tech-enabled platform for procuring green packaging, expand supply capacity, invest in R&D of new sustainable materials, and grow the team.
Commenting on the funding, Vaibhav, said “People and businesses are having increased awareness of the perils of Single Use Plastic (SUP) usage. We are elated to see the changing consumer behaviours to consider alternatives. This strengthens our vision and belief to reduce the usage of SUP and help make our planet a better place for the current and future generations.