Dharaksha's Internet-Driven Growth in Biodegradable Packaging
Dharaksha's Innovative Leap in Sustainability
Dharaksha Ecosolutions has successfully raised INR 24.8 Cr ($2.95 Mn) from Avaana Capital, invigorating its journey in the sustainable packaging landscape.
The Role of Internet in Fundraising
With active participation from the Shark Tank India team, Vinners Capital, India Angels, and Soonicorn, Dharaksha is set to use this fresh capital to expand its production capabilities, enhance R&D practices, and strengthen its market presence in the sustainable packaging industry.
Visionary Goals for a Sustainable Future
Founded in 2020 by Anand Bodh and Arpit Dhupar, Dharaksha Ecosolutions specializes in developing mycelium-based biodegradable packaging materials using agricultural waste.
- Successfully disposed of 7,000 tons of agricultural waste.
- Aims to return nutrients to the soil through composting.
Market Competitors and Future Prospects
Dharaksha competes with firms like Bambrew, Beco, and Chuk, all focusing on eco-friendly alternatives. This funding round reflects the increasing activity within India's sustainable packaging sector.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.