Sustainable Packaging Startup Bambrew Bags INR 60 Cr From Blume Ventures, Others

Sustainable Packaging Startup Bambrew Bags INR 60 Cr From Blume Ventures, Others

SUMMARY

The funding round, which was a mix of equity and debt, also saw participation from Blue Ashva Capital, Mumbai Angels, Indus Capital, Capital-A, among others

Bambrew will use the funding to expand into primary packaging for FMCG and food and beverages product categories, and expand manufacturing capabilities, R&D and team

Founded in 2019 by Vaibhav Anant, Bambrew offers packaging solutions which are alternatives to single use plastics and degradable

Cleantech startup Bambrew has raised INR 60 Cr (about $7 Mn) in a combination of equity and debt in its Series A funding round, led by Blume Ventures. 

The round also saw participation from Capital-A, Blue Ashva Capital, Mumbai Angels, Indus Capital, Capital-A and angel investors Servify founder Sreevathsa Prabhakar, Cashify founder Mandeep Manocha, and Horizon Industrial Parks president RK Narayan. 

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