{"id":2366,"date":"2024-09-16T04:26:09","date_gmt":"2024-09-16T08:26:09","guid":{"rendered":"https:\/\/www.packagingindustrynews.com\/?p=2366"},"modified":"2024-09-16T04:26:09","modified_gmt":"2024-09-16T08:26:09","slug":"indias-dharaksha-ecosolutions-secures-rs248m-in-seed-funding","status":"publish","type":"post","link":"https:\/\/www.packagingindustrynews.com\/?p=2366","title":{"rendered":"India\u2019s Dharaksha Ecosolutions secures Rs248m in seed funding\u00a0"},"content":{"rendered":"


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Dharaksha Ecosolutions is using agricultural waste to produce mycelium-based packaging materials. Credit: Sarath Maroli via Shutterstock. <\/figcaption><\/figure>\n<\/p><\/div>\n

Dharaksha Ecosolutions, an Indian biotech startup, has successfully raised Rs248m ($2.95m) in an Avaana Capital-led seed funding round.\u00a0\u00a0<\/p>\n

The funding was also joined by the Shark Tank India team, Vinners Capital, India Angels, and Soonicorn, among others.\u00a0\u00a0<\/p>\n

Dharaksha Ecosolutions plans to use the funding to enhance its production capabilities, research and development, and expand its market presence, a press release from Dharaksha Ecosolutions said.\u00a0<\/p>\n

Founded by Anand Bodh and Arpit Dhupar, Dharaksha is committed to developing sustainable alternatives to petroleum-based products.\u00a0<\/p>\n

The company\u2019s approach involves using agricultural waste to produce mycelium-based packaging materials.\u00a0\u00a0<\/p>\n

These materials are not only biodegradable but also eco-friendly, aligning with the global shift towards sustainable packaging solutions.\u00a0<\/p>\n

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