Biotech startup Zerocircle raised Rs 20 crore in a funding round led by Nithin Kamath’s Rainmatter to scale manufacturing and expand the team.

Jan 16, 2025•7 months ago

Amount Raised

₹200 Million

Round Type

seed

PuneBiotechnologyManufacturing

Investors

Trudie Styler7th Gen VenturesVc Grid1 CrowdRainmatter

Description

Zerocircle, a Pune-based startup, has successfully raised Rs 20 crore in a funding round led by Rainmatter, the investment arm of Nithin Kamath. The company creates seaweed-based alternatives to petro-plastics and intends to utilize the funds for scaling manufacturing and optimizing its supply chain.

Company Information

Company

Zerocircle

Location

Pune, Maharashtra, India

About

Zerocircle is a biotech startup founded in 2020 that creates eco-friendly seaweed-based packaging alternatives to harmful petrochemical-based materials. Their product range includes coated packaging for items such as hamburger boxes, fried food containers, and bakery packaging. The company's focus is on developing packaging that naturally breaks down in mismanaged environments, providing a sustainable option in a world increasingly concerned with plastic pollution. Zerocircle aims to scale its manufacturing, optimize the supply chain, and expand its team with the funds raised in its recent funding round.

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