Sustainable packaging firm bags $7.2m to make India’s F&B industry greener

Bambrew founder Vaibhav Anant / Photo credit: Bambrew

Carbon dioxide emissions have long been a global problem, but countries like India – which was among the top emitters last year – face a growing burden to address the issue.

One of the companies aiming to do their part to solve this issue is Bambrew, which recently raised 600 million rupees (US$7.2 million) in a series A funding round led by Blume Ventures.

Blue Ashva Capital, Mumbai Angels, and Indus Capital participated in the funding round, along with several angel investors.

Bambrew said in a statement that since its inception in 2019, the company has grown to have over 100 clients – featuring names like Amazon, Nykaa, MyGlamm, Bata, Snitch, Harris Brushes, and Mahindra Logistics.

The new capital will help enhance Bambrew’s manufacturing strength and expand its team, the company said.

It will also support Bambrew’s expansion into primary packaging for fast-moving consumer goods as well as food and drink products. This may prove to be a substantial help to the environment, as the food industry is part of the eight supply chains that contribute 50% of global emissions.

“We have saved more than 60,000 tons of single-use plastic and more than 125,000 tons of CO2 emissions by creating revolutionizing materials which are both functional and cost-efficient [compared] to plastic,” Bambrew founder Vaibhav Anant said.

Bambrew’s mission aligns with the Indian government’s efforts in encouraging companies to rethink the design of their products.

Blume Ventures partner Arpit Agarwal said that similar to how the government’s Faster Adoption and Manufacture of Electric Vehicles II subsidies helped boost the growth of electric vehicles, the Extended Producer Responsibility regulations – which include guidelines on packaging – will spur the emergence of companies that operate within a circular economy model.

See also: Vietnamese battery startups eye more green financing to power renewables push

Currency converted from Indian rupee to US dollar: US$1 = 83.37 rupees.