Private Equity VC Fund Investments
Eco-friendly packaging materials seller Dharaksha raises Rs.25-Cr led by Avaana Capital
Source Inc42 (opens in a new tab)
Delhi-based biotech startup Dharaksha Ecosolutions has raised INR 24.8 crore (USD 2.95 million) in a seed round from Avaana Capital with participation from the Shark Tank India team, Vinners Capital, India Angels and Soonicorn.The funds will be used to expand production capabilities, intensify R&D practices and strengthen market presence in the sustainable packaging industry.Founded in 2020 by Anand Bodh and Arpit Dhupar, Dharaksha Ecosolutions develops mycelium-based biodegradable packaging materials using agricultural waste as feedstock.