- January 6, 2022 / 7 min readAims to strengthen the team, expand to multiple cities, magnify the supply capacity and enhance R&D on new materials.
Sustainable packaging provider Bambrew has raised pre-Series-A funding of $2.35 Million led by Blue Ashva Capital and Supack Industries.
The round also saw participation from Mumbai Angels and notable angel investors.
The latest infusion of funds will be utilized to build India’s first tech enabled platform for sourcing green packaging, increase the supply capacity,expand in multiple cities, invest in R&D of new sustainable materials and further strengthen theteam.
“People and businesses are having increased awareness of the perils of Single Use Plastic (SUP) usage.We are elated to see the changing consumer behaviours to consider alternatives. This strengthens our vision and belief to reduce the usage of SUP and help make our planet a better place for the current and future generations,” shared Vaibhav Anant, Founder, Bambrew.
Over past 2 years, the company has seen 50x growth and envision further higher growth scale in the upcoming year.
This latest infusion of funds will help them increase their footprint and supply capacity across metros like Delhi, Mumbai, and Kolkata, as well as global markets including the US, Europe, and the Middle East.
“Single use plastics have been widely used for various applications, even though their negative environmental impact has been well understood for decades. There are simply two parameters that have driven this choice: price and application. Previous attempts at sustainable packaging have failed on one or both of these parameters. We are proud to work with the Bambrew team to deliver sustainable alternatives at scale that are not only environmental friendly but also cost competitive and multi-application,” added Satya Bansal, Founder at Blue Ashva Capital.
Founded in July 2018 by Vaibhav Anant,Bambrew is solving the world’s biggest problem of Single Use Plastic and has proudly replaced more than 1,000 tons of plastic from the supply chain.
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