Dinnerware maker Agrileaf bags Rs.16-Cr ed by Capital-A, Samarsh Capital

Mangalore based biodegradable dinnerware manufacturer Agrileaf has raised INR 16 Crore led by Capital-A and Samarsh Capital. The round also saw participation from angel investors including Shaji Devekar, Siddharth Bafna (Co-founder of The Nutcracker), Family Office of Ved Prakash, Pritie Jain of Bling Mushrooms, Sumeet Bhalotia, Director at Vario Lounge, Dhruv Taneja (Founder - Matchlog), and Chiranth Patil-Beta Plus.The new funds will be used to expand Agrileaf’s operations in the US and Europe, to build a consumer-facing brand in India and to expand its production capacity and enhance its biodegradable dinnerware and packaging line.Founded in 2020 by Avinash Rao and Athishay Jain, Agrileaf produces and exports sustainable and disposable dinnerware including plates, trays and bowls made from fallen palm leaves.