While the exact amount remains undisclosed, the funding is set to fuel the startup's ambitious expansion plans in domestic and global markets.
Who are the investors?
The angel funding round saw participation from investors, including Rohan Bhargava, co-founder of CashKaro; Saurabh Gupta, CEO and co-founder of UrbanPiper; Shashank Bijapur, founder of SpotDraft; and Rajneil Kamath, formerly of Google and NC Media.
Other investors include Harikrishnan M of DMart, Sridhar V of Microsoft, and Rajat Jain of Think Wealth.
Transforming waste into opportunity
Founded in 2019 by Anirudh Balakrishnan (Bala), Rohit Keshan, and Praveen Kumar, Bumboo focuses on transforming agricultural waste, such as sugarcane bagasse and wheat straw, into eco-friendly packaging solutions.
This innovative approach tackles pressing issues like waste management and air pollution, particularly in cities like Delhi, where crop burning significantly affects air quality.
The startup currently offers over 50 alternatives to plastic packaging tailored for the food service industry. It claims to have served over 3,500 businesses, with notable names like Zomato, Swiggy, ITC, Blue Tokai, Curefoods, Chaayos, and Barbeque Nation.
