Ukhi, a New Delhi, India-based biomaterials startup, raised $1.2M in Pre-Seed fairness and debt funding.
The spherical was led by 100 Unicorns, with further participation from Enterprise Catalysts and angel investor Avtar Monga. The debt portion was led by SIDBI (Small Industries Improvement Financial institution of India).
The corporate intends to make use of the funds to scale its manufacturing, broaden its materials analysis for sustainable merchandise, and additional develop its sustainable options for the packaging business.
Ukhi is offering bioeconomy-driven options by leveraging lignocellulosic agricultural residues to create scalable, sustainable supplies that may change conventional plastics utilized in packaging. Its superior materials science know-how gives an eco-friendly, sustainable different, poised to handle the rising demand for sustainable packaging options with a diminished environmental footprint.
The corporate has additionally filed a patent for its know-how that integrates materials science to create an answer that’s not solely biodegradable but in addition scalable for big industries.
FinSMEs
