Ukhi, a pioneering biomaterials startup specializing in sustainable, biodegradable packaging, has secured $1.2 million in a pre-seed funding round. The investment was led by 100Unicorns, with participation from Venture Catalysts, angel investor Avtar Monga, and debt financing from the Small Industries Development Bank of India (SIDBI).
Funding to Fuel Growth and Innovation
This new capital infusion will enable Ukhi to:
- Scale production capacity
- Enhance materials research and innovation
- Expand globally with sustainable packaging solutions
Innovative Biomaterials for a Greener Future
Founded in 2019 by Priyanka Chauhan, Vishal Vivek, and Sundeep Kumar Tyagi, Ukhi develops compostable biomaterials derived from agricultural residues. Their patent-pending technology offers a viable, eco-friendly alternative to traditional plastics, supporting industries in transitioning toward sustainable practices.
Key Objectives:
- Reduce plastic pollution with biodegradable solutions
- Prevent crop burning by utilizing agricultural waste
- Foster a circular economy by repurposing natural resources
Lignocellulosic-Based Packaging Solutions
Ukhi’s biomaterials leverage lignocellulosic agricultural waste, providing scalable, eco-friendly packaging alternatives. These solutions help industries:
- Minimize their environmental footprint
- Accelerate the adoption of sustainable practices
- Align with global bioeconomy goals
Competing in a Growing Market
With this funding, Ukhi aims to lead industry-wide transformation in the biomaterials sector. It will compete with established players like Traceless and the Advanced Biomaterial Company, focusing on innovation and sustainability.
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