Agri-waste management startup Bumboo raises funding to expand its reach in global markets.
New Delhi-based waste management startup Bumboo, owned by Imaga Trade and Craft Pvt. Ltd., has raised an undisclosed amount in an angel funding round led by notable industry leaders.
While the exact amount remains undisclosed, the funding is set to fuel the startup’s ambitious expansion plans in domestic and global markets. The angel funding round saw participation from investors, including Rohan Bhargava, co-founder of CashKaro; Saurabh Gupta, CEO and co-founder of UrbanPiper; Shashank Bijapur, founder of SpotDraft; and Rajneil Kamath, formerly of Google and NC Media. Other investors include Harikrishnan M of DMart, Sridhar V of Microsoft, and Rajat Jain of Think Wealth.
Founded in 2019 by Anirudh Balakrishnan (Bala), Rohit Keshan, and Praveen Kumar, Bumboo focuses on transforming agricultural waste, such as sugarcane bagasse and wheat straw, into eco-friendly packaging solutions. This innovative approach tackles pressing issues like waste management and air pollution, particularly in cities like Delhi, where crop burning significantly affects air quality.
The funding will be used to fuel Bumboo’s expansion in Indian and global markets. The company claims to have served over 3,500 businesses including prominent names like Zomato, Swiggy, ITC, Blue Tokai, Curefoods, Chaayos, and Barbeque Nation. The startup currently offers over 50 alternatives to plastic packaging tailored for the food service industry.
Founded in 2019 by Anirudh Balakrishnan (Bala), Rohit Keshan, and Praveen Kumar, Bumboo transforms agricultural waste like sugarcane bagasse and wheat straw into sustainable packaging solutions. This approach addresses both waste management and air pollution challenges, particularly relevant in cities like Delhi where crop burning significantly impacts air quality.
