Cleantech startup Bambrew raises Rs 60Cr in a Series A round led by Blume Ventures, others

Cleantech startup Bambrew has raised Rs 60 crore in a Series A funding round, marking a significant milestone in its journey towards sustainable packaging solutions.

The round, which is a mix of debt and equity, was led by Blume Ventures, with participation from Blue Ashva Capital, Mumbai Angels, Indus Capital, and notable angel investors. 

Founded in 2019 by Vaibhav Anant, Bambrew aims to eliminate single-use plastics by offering eco-friendly alternatives to companies like Amazon, Nykaa, and Bata. 

What is the purpose of fundraising?

With the fresh influx of capital, Bambrew aims to delve deeper into the realm of primary packaging for FMCG and food and beverage sectors, a move that promises to broaden its impact on reducing plastic usage across industries.

Additionally, the cleantech startup will allocate funds to enhance manufacturing capabilities, bolster research and development efforts, and scale up the team to support these strategic initiatives.

Offering products made from natural materials 

Bambrew offers a range of products that are made from natural materials like bamboo, sugarcane, and seaweed. The startup said that the products are not only sustainable and eco-friendly but also boast the remarkable ability to decompose within 130 days, as certified by the Government of India and the Central Pollution Control Board.

Furthermore, It claims to have saved over 60,000 tons of single-use plastic and reduced CO2 emissions by more than 125,000 tons.

Expanding footprint across multiple geographies 

Vaibhav Anant, the NIFT graduate and visionary founder of Bambrew, said, "I am proud to share that so far, 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 to plastic." 

“We would be expanding to multiple geographies with various solutions across categories in primary and secondary packages. We will utilise the funds to expand our presence in categories across various forms of primary packaging and help brands adopt materials which are more sustainable and functional,” he said.

What did the investors say about Bambrew?

“Similar to how the FAME-II subsidies provided tailwinds for the rise of electric vehicles (EVs), we envision that the Extended Producer Responsibility (EPR) regulations in India will lead to the rise of circular economy companies. Sustainable packaging solutions then become a need for which there are very few complete products in the market,” said Arpit Agarwal, partner at Blume Ventures.

“The capability of this team to provide end-to-end solutions for FMCG and e-commerce customers and their capacity to innovate ahead of competition make this an ideal investment,” Agarwal said.