Ukhi, a New Delhi, India-based biomaterials startup, raised $1.2M in Pre-Seed equity and debt funding.
The round was led by 100 Unicorns, with additional participation from Venture Catalysts and angel investor Avtar Monga. The debt portion was led by SIDBI (Small Industries Development Bank of India).
The company intends to use the funds to scale its production, expand its material research for sustainable products, and further develop its sustainable solutions for the packaging industry.
Ukhi is providing bioeconomy-driven solutions by leveraging lignocellulosic agricultural residues to create scalable, sustainable materials that can replace traditional plastics used in packaging. Its advanced material science technology offers an eco-friendly, sustainable alternative, poised to address the growing demand for sustainable packaging solutions with a reduced environmental footprint.
The company has also filed a patent for its technology that integrates material science to create a solution that is not only biodegradable but also scalable for large industries.
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