Amwoodo raises $1 Mn from Zerodha-backed Rainmatter

Bamboo products maker Amwoodo has raised $1 million in funding from Zerodha-backed venture fund Rainmatter.

The proceeds will be used for upgrading machinery and equipment, upskilling artisans and facilitating expansion initiatives.

Founded in 2019, Amwoodo specialises in manufacturing bamboo items like combs, toothbrushes, razors, slippers, compostable sanitary bags, and towels. The company directly sources bamboo from around 400 farmers in the northeast and collaborates with about 380 artisans. The final refinement of products to meet export standards occurs in its factories located in Howrah, Kolkata.

The platform operates in both business-to-business (B2B) and business-to-consumer (B2C) sectors, with major clients including hospitality chains like Taj Hotels and The Leela, and direct-to-consumer brands such as Himalaya, Man Company, Nat Habit, and Kimirica.

The Kolkata-based firm claims to have achieved sales worth Rs 21.72 crore in the last financial year. For the ongoing financial year, the company aims to reach sales of approximately Rs 60 crore.