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Bambrew Secures Rs 60 Crore in Series A Funding to Expand Sustainable Packaging Solutions

Cleantech startup Bambrew has secured Rs 60 crore (approximately $7 million) in a Series A funding round. This marks the first investment for the company in 2024 and will be used to propel their mission of providing eco-friendly packaging solutions.

The funding round was led by Blume Ventures, a prominent venture capital firm. They were joined by a consortium of investors including Blue Ashva Capital, Mumbai Angels, Indus Capital, and angel investors Sreevathsa Prabhakar, Mandeep Manocha, and RK Narayan.

Bambrew has outlined how they plan to utilize the funds from their Series A round to fuel growth in sustainable packaging. Their focus will be on several key areas: Firstly, expanding into primary packaging for the consumer goods, food, and beverage industries. This will allow them to offer eco-friendly alternatives at the source. Secondly, they will enhance their manufacturing capabilities to meet the rising demand for sustainable solutions. Investing in research and development is also a priority, ensuring they can continue to develop even more effective packaging options. Finally, Bambrew recognizes the importance of a strong team and will allocate some funds to attracting and retaining top talent to support their mission.

Founded in 2019, Bambrew has emerged as a leader in the green packaging space. They offer a range of eco-friendly products made from bamboo, sugarcane, and seaweed, providing natural alternatives to traditional plastic packaging.

Bambrew's solutions cater to diverse sectors, including fashion, pharmaceuticals, food and beverages, retail, and logistics. The company boasts an impressive track record, having prevented over 20,000 kilograms of plastic waste and fulfilled more than 20,000 orders to date.

This Series A round brings Bambrew's total funding to Rs 80 crore, including their seed round of Rs 18 crore led by Blue Ashva Capital in 2021. Prior to the latest investment, Blue Ashva Capital was the largest external stakeholder with a 13.11% stake, followed by Suvita Investments.

With this fresh injection of capital, Bambrew is well-positioned to accelerate its growth and solidify its position as a frontrunner in the sustainable packaging revolution.


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