VC Fund Investments
Seaweed-focused biotech startup Zerocircle raises Rs.20-Cr led by Rainmatter Capital
Pune-based biotech startup Zerocircle , which creates seaweed-based alternatives to petro-plastics, has raised INR 20 crore led by Rainmatter Capital. The round also saw participation from 1Crowd, VC Grid, 7th Gen Ventures, and environmental advocate Trudie Styler.The proceeds will be used for scaling manufacturing, optimising supply chain, and to hire talent.Founded in 2020, the startup creates seaweed-based packaging designed to replace harmful petrochemical-based materials. Its product range includes coated packaging for hamburger boxes, fried food containers, bakery packaging, and food trays.
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