Sustainable packaging material startup Bambrew has raised nearly $10.3 million (Rs 90 crore) from Ashok Goel, former managing director of Essel Propack, along with Japanese venture capital firm Enrission India Capital.
The funding will be used to accelerate research and development, expand manufacturing, and enter new markets, including the Middle East and North America, Bambrew said.
Founded in 2019 by Vaibhav Anant, Bambrew develops alternatives to single-use plastics using bamboo fiber, agro-waste, seaweed, recycled paper and other natural resources. Their customer spans across key sectors including FMCG, e-commerce, personal care, and food and beverages.
“The packaging industry is at a crossroads, and there’s an urgent need for solutions that go beyond surface-level sustainability. With this capital, we’re investing in the science, infrastructure, and scale required to replace plastic meaningfully, not just in India, but globally,” said Vaibhav Anant, CEO, Bambrew.
Bambrew currently operates a manufacturing facility in Bengaluru and also partners with manufacturing companies across India. The company is targeting a revenue of Rs 120 crore and achieving profitability within the next 12 months.
INDIA DEAL MONITOR
Here are the prominent venture capital transactions in India announced from June 30-July 2, 2025.
