logo
logo

Amwoodo raises $1 million in seed funding to upgrade machinery and equipment for manufacturing bamboo products.

Apr 23, 2024about 1 year ago

Amount Raised

$1 Million

Round Type

seed

KolkataManufacturing

Investors

Zerodha's Rainmatter

Description

Bamboo products maker Amwoodo has raised $1 million in seed funding from Zerodha's Rainmatter. The funds will primarily be allocated to capital expenditures, such as upgrading machinery and equipment, upskilling artisans, and facilitating expansion initiatives.

Company Information

Company

Amwoodo

Location

Kolkata, West Bengal, India

About

We are committed to creating high-quality Bamboo alternatives that are good for you and good for the planet. Harnessing bamboo’s renewability and versatility, we pave the path towards a greener future by replacing plastic in your daily routines. Amwoodo is a Mauritanian word that means I am Sustainable. Our core purpose is to lead the way in sustainable manufacturing, offering bamboo-first products that empower individuals and communities to make eco-conscious choices. We strive to inspire a global shift towards a more sustainable and harmonious relationship with the environment. Through our commitment to innovation, ethical practices, and community engagement, we aim to build a greener, more resilient future for generations to come.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Related People