Bambrew Secures Major Funding to Expand Sustainable Packaging Solutions
Bambrew, a sustainable packaging solutions company, has secured Rs 90 crore in funding from Ashok Goel and Enrission India Capital. The funds will be used for R&D, manufacturing expansion, and geographic growth. The firm aims to achieve profitability and Rs 120 crore revenue within a year.
- Country:
- India
Bambrew, a sustainable packaging solutions provider in Bengaluru, announced it has successfully raised Rs 90 crore in a funding round.
The investment comes from Ashok Goel, former MD of Essel Propack, and Enrission India Capital, a Japanese venture capital firm. Bambrew plans to channel the funds into research and development, expanding its manufacturing capabilities, and diversifying its product portfolio to cater to fast-moving sectors, including quick commerce and personal care.
The company is setting its sights on geographic expansion, beginning in the Middle East and North America, and aims to reach profitability with a revenue target of Rs 120 crore within the next 12 months.
(With inputs from agencies.)
- READ MORE ON:
- Bambrew
- funding
- sustainable
- packaging
- Essel Propack
- Ashok Goel
- Enrission
- expansion
- profits
- geographic
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