Biocraft Innovation Technology has raised undisclosed amount in the pre-seed funding round from JITO Angel Network
Anubhav Mittal, Co-founder of Biocraft, said, “We are excited to get investment from JITO Angel Network for our endeavour to impact the environment and livelihood as it resonates well with our investors’ concerns for sustainable development goals.”
Anubhav further said, “Low carbon Bamboo as input feedstock will help brands get compliant with their sustainability targets. These granules have various applications in most of the industries, including packaging, cutlery, textiles, etc. Developed bamboo fiber based 100 percent compostable materials that can be used on standard plastic machines.”
Manoj Mehta, Deal Lead, MTC Group, added, “More than eight million tonnes of plastic flood our ocean each year, disrupting fragile marine ecosystems and harming wildlife, such as turtles and other mammals. Bamboo is an ideal plastic substitute and environmentally friendly. We, at JITO Angel Network, are proud to invest in the future for a sustainable environment.”
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.