Bambrew raises Rs 90 Cr led by Ashok Goel and Enrission India Capital

Bambrew, the Bengaluru-based meta-material innovation company specializing in sustainable packaging solutions, has raised Rs 90 crore (about $10.3 million) round led by  Ashok Goel, former Managing Director of Essel Propack along with Japanese venture capital firm ENRISSION INDIA CAPITAL.

Prior to this, the company had raised $11.8 million from Blume Ventures and others.

The proceeds will be utilized to accelerate innovation, scale manufacturing, and expand its presence in global markets including the Middle East and North America, Bambrew said in a press release.

Founded in 2019 by Vaibhav Anant, Bambrew develops planet-positive, high-performance alternatives to single-use plastics using bamboo fiber, agro-waste, seaweed, recycled paper, and other natural resources. Its proprietary materials are home-compostable, durable, and scalable that are designed to meet the demands of modern commerce without environmental compromise.

Over the past year, Bambrew states that it has expanded its product portfolio from garment bags and mailer bags to sustainable mango box packaging, and customer base across key sectors including FMCG, e-commerce, personal care, and food and beverages. With solutions such as high-barrier, plastic-free laminates and aluminium-free recyclable films,  the company is helping over 500 brands transition away from traditional plastic and foil-based packaging.

Bambrew plans to launch its direct-to-consumer (D2C) range, bringing its sustainable material innovation directly into the hands of environmentally conscious consumers. The new line of everyday packaging essentials will be available in the marketplace in the coming months.

The company aspires to register a revenue milestone of Rs 120 crore and aims to achieve profitability within the next 12 months. It also plans to diversify its product portfolio to serve fast-moving sectors such as quick commerce and personal care, with an emphasis on performance-grade packaging materials that are both compostable and recyclable.