Bambrew, a Bengaluru-based eco friendly packaging solution startup, announced it has raised a pre-seed round of funding led by Upsparks, according to YourStory report.
LetsVenture, Amity Capital Ventures, Amity Technology Incubator and industry veterans like Kunal Prasad (COO, Cropin) and Prashant Gagneja (Business Head- Tropicana, Pepsico India) also participated in the funding round.
Launched in 2018 by Vaibhav Anant, the company strives to eradicate single use plastics from the packaging industry by providing an alternative that is eco-friendly, biodegradable, recyclable, and are sourced from sustainable resources.
Speaking about the startup, Vaibhav Anant, CEO, said, “At Bambrew, we have created a unique product that is one of its kind globally. With a $411 billion global market, we are set to disrupt the space by providing a green and eco-friendly packaging solution.”
“We wish to be recognised as a global brand. We are all set to disrupt the space with our green offerings to all sectors of businesses from FMCG to food and now ecommerce as well. Our offerings have garnered interest globally from brands like Sysco and Gordon Food Services in the US to British Canadian importers in Canada,” Vaibhav said.
According to Vaibhav, all the major QSRs and large ecommerce companies are currently sampling and evaluating Bambrew’s products to offer a healthy and sustainable packaging solution.
“This helps our customers to reduce their carbon footprint and eradicate plastic waste from the environment. With the current round of funds we will invest in building a strong team, fulfilling current orders, and increasing our footprint and supply capabilities in India and overseas markets,” Vaibhav said.
Mohamad Faraz of Upsparks, said, “Bambrew’s innovation could be game-changer, especially at a time when most global companies have pledged to cut plastic pollution over the next few years.”
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