Amwoodo raises $1 million in seed funding to upgrade machinery and equipment for manufacturing bamboo products.
Apr 23, 2024•about 1 year ago
Amount Raised
$1 Million
Round Type
seed
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.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers