PE-VC Fund Investments
Seaweed-focused biotech co. Zerocircle attracts Rs.5-Cr led by 3one4, Rainmatter
Pune-based biotech startup Zerocircle has raised INR 5 crore in a pre-Series A funding round co-led by 3one4 Capital and Rainmatter Capital, with participation from others.Founded in 2020 by Neha Jain, Zerocircle develops seaweed-based packaging to substitute petrochemical-based materials. Its product line includes coated packaging for hamburger boxes, fried food containers, bakery packaging, and food trays, designed to eliminate toxic plastics and reduce microplastic leakage into the environment and human body.The current proceeds will support deeptech research and scale-up efforts aimed at replacing plastic in food and consumer packaging using natural polymers and compounds.
In Jan 2025, Zerocircle had attracted about USD 1.5 M from Rainmatter Capital and others.For FY24, Zerocircle had reported about INR 0.29 Cr in Operating Income and about INR 0.5 Cr in PAT.
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