{"id":1578,"date":"2024-08-13T06:26:33","date_gmt":"2024-08-13T10:26:33","guid":{"rendered":"https:\/\/www.packagingindustrynews.com\/?p=1578"},"modified":"2024-08-13T06:26:33","modified_gmt":"2024-08-13T10:26:33","slug":"pakka-raises-rs2-44bn-to-scale-up-production-capacity","status":"publish","type":"post","link":"https:\/\/www.packagingindustrynews.com\/?p=1578","title":{"rendered":"Pakka raises Rs2.44bn to scale up production capacity\u00a0\u00a0"},"content":{"rendered":"


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Pakka is a manufacturer of compostable packaging solutions. Credit: Pla2na via Shutterstock. <\/figcaption><\/figure>\n<\/p><\/div>\n

Pakka, a compostable packaging solutions provider based in India, has secured Rs2.44bn ($29.06m) in investment to scale up its production capabilities.\u00a0<\/p>\n

The details of the investors have not been disclosed.\u00a0<\/p>\n

The company will leverage the funding to develop a compostable flexible packaging facility in Ayodhya, within Uttar Pradesh, Press Trust of India<\/em> (PTI<\/em>) reported.\u00a0<\/p>\n

The funding comes after Pakka introduced its compostable flexible packaging products last October.<\/p>\n

These products were launched through a collaboration with nutrition brand Brawny Bear.\u00a0<\/p>\n

The company\u2019s latest funding is set to bolster its expansion efforts, with the new facility anticipated to be fully operational by December 2025.\u00a0\u00a0<\/p>\n

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