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Amazon India may roll out recyclable paper packaging

Livemint

Livemint · 1y ago

Amazon India may roll out recyclable paper packaging

Amazon is considering introducing recyclable paper packaging innovations to India in an effort to reduce plastic usage in its deliveries. The company has been researching and experimenting for years to find solutions to deliver products with paper packaging. The move is part of Amazon's broader initiative to eliminate plastic packaging. India's rapidly growing e-commerce market makes it an important marketplace for Amazon to bring such technology. The company is currently evaluating the potential of introducing this technology in India, but specific timelines have not been provided.

Related News

Tiger Global-backed Moglix to boost sustainable packaging biz with ₹80-cr buy

Livemint

Livemint · 7m ago

Tiger Global-backed Moglix to boost sustainable packaging biz with ₹80-cr buy

Indian e-commerce company Moglix has acquired Khatema Fibres in a deal worth around INR 80 crore ($10.9m). The move is intended to bolster Moglix's portfolio of sustainable packaging products. The firm will tap into Khatema Fibres' range of speciality high-strength kraft paper, food-grade packaging and machine-glazed paper. Moglix operates an expansive packaging business and aims to tap its network of more than 10,000 manufacturers and 3,000 factories to scale up its offering in the sustainable packaging sector. The Kraft paper industry in India is expected to grow rapidly, reaching $86bn by 2029, according to Invest India.

Investcorp invests Rs 340Cr in paper-based packaging solutions Canpac Trends

IndianStartupNews

IndianStartupNews · 1y ago

Investcorp invests Rs 340Cr in paper-based packaging solutions Canpac Trends

Investcorp, a global alternative investment firm, has invested approximately $41 million in Canpac Trends, a provider of paper-based packaging solutions. This investment will allow Canpac Trends to expand its manufacturing and sales capabilities, as well as its research and development initiatives. Canpac Trends serves over 400 large and mid-sized companies in India and abroad and plans to use the funding to expand production and consolidate its position in the fragmented paper packaging market in India. The investment comes at a time when India's packaging industry is experiencing rapid growth.

Bambrew raises Rs 90 Cr led by Ashok Goel and Enrission India Capital

Entrackr

Entrackr · 16d ago

Bambrew raises Rs 90 Cr led by Ashok Goel and Enrission India Capital

Bambrew raises Rs 90 Cr led by Ashok Goel and Enrission India Capital Bambrew, the Bengaluru-based meta-material innovation company specializing in sustainable packaging solutions, has raised Rs 90 crore (about $10.3 million) round led by Ashok Goel, former Managing Director of Essel Propack, along with Japanese venture capital firm ENRISSION INDIA CAPITAL. Prior to this, the company had raised $11.8 million from Blume Ventures and others. The proceeds will be utilized to accelerate innovation, scale manufacturing, and expand its presence in global markets including the Middle East and North America, according to a press release by Bambrew. Founded in 2019 by Vaibhav Anant, Bambrew develops planet-positive, high-performance alternatives to single-use plastics using bamboo fiber, agro-waste, seaweed, recycled paper, and other natural resources. Its proprietary materials are home-compostable, durable, and scalable—designed to meet modern commerce demands without environmental compromise. Over the past year, Bambrew has expanded its product portfolio from garment bags and mailer bags to sustainable mango box packaging, reaching customers across sectors like FMCG, e-commerce, personal care, and food and beverages. With solutions such as high-barrier, plastic-free laminates and aluminum-free recyclable films, the company is helping over 500 brands transition away from traditional plastic and foil-based packaging. Bambrew plans to launch its direct-to-consumer (D2C) range, bringing its sustainable material innovation directly to environmentally conscious consumers. The new line of everyday packaging essentials will be available in the marketplace in the coming months. The company aims to achieve a revenue milestone of Rs 120 crore and profitability within the next 12 months. Bambrew also plans to diversify its product portfolio to serve fast-moving sectors like quick commerce and personal care, with a focus on performance-grade packaging materials that are both compostable and recyclable.

East Africa-focused PE firm Ascent Capital strikes fourth bet from fund II

VCCircle

VCCircle · 1y ago

East Africa-focused PE firm Ascent Capital strikes fourth bet from fund II

Ascent Capital, an East Africa-focused private equity firm, has made its fourth investment from its second fund, Ascent Rift Valley Fund II. The firm acquired a minority stake in Kenyan paper packaging manufacturing company, Dune Packaging, through the $128 million fund. Dune Packaging produces paper packaging materials used in various industries, including food and beverage, pharmaceuticals, and retail. The deal includes veto rights for Ascent Capital in terms of senior management appointment, business plans, and budgeting decisions. Ascent Capital's second fund invests in small and medium-sized enterprises across Ethiopia, Kenya, Uganda, Rwanda, and Tanzania in various sectors.

Apple says it uses no Nvidia GPUs to train its AI models

Economic Times

Economic Times · 11m ago

Apple says it uses no Nvidia GPUs to train its AI models

Apple has used chips designed by Google instead of Nvidia for its new artificial intelligence (AI) software infrastructure, according to a research paper published by Apple. This decision is notable because Nvidia is a leader in AI processors. Apple did not explicitly confirm the absence of Nvidia chips in its AI tools, but its research paper did not mention Nvidia hardware. Instead, Apple relied on Google's tensor processing unit (TPU) chips, with 2,048 TPUv5p chips used for its mobile AI model and 8,192 TPUv4 chips for its server AI model. Apple plans to roll out the AI features to beta users this week.

Paper Arizona eyes IPO in second half of 2026

Economic Times

Economic Times · 24d ago

Paper Arizona eyes IPO in second half of 2026

Paper Arizona, a B2B marketplace for paper, pulp, and packaging products, plans an IPO in the second half of 2026. Having crossed Rs 100 crore in annual revenue in FY 2024-25, the company aims to raise approximately Rs 50 crore through the IPO. The company operates in over 10 cities in North India and plans to expand regionally and internationally by 2030. Co-Founder and CEO Ankitt Jain anticipates the IPO will fuel their growth trajectory.

How this startup earns ₹2.5 cr revenues from compostable pouches

Inshorts · 5m ago

How this startup earns ₹2.5 cr revenues from compostable pouches

Mohd Suhail, a development professional from Delhi, set up Athar Packaging Solutions in 2020, to recycle waste paper into envelopes. Today, the startup sources waste paper and plastic from companies and converts it into compostable pouches. In a short span of four years, it has over 700 clients and annual revenues of ₹2.5 crore.

Vodafone Idea meets 5G minimum roll-out obligations in 4 circles

Money Control

Money Control · 1y ago

Vodafone Idea meets 5G minimum roll-out obligations in 4 circles

Vodafone Idea has fulfilled its 5G minimum roll-out obligations in four key circles in India. The company is committed to meeting requirements in four to six more circles in the coming months. This is a significant step for Vodafone Idea as it has been facing financial constraints and is in discussions with investors to raise funds. The company had acquired spectrum in the 3300 MHz and 26 GHz 5G bands during the 2022 auctions and meeting roll-out obligations is crucial for retaining 5G licenses.

JK Paper to acquire Quadragen VetHealth, forays into animal nutrition business

VCCircle

VCCircle · 5m ago

JK Paper to acquire Quadragen VetHealth, forays into animal nutrition business

JK Paper Ltd, from the Singhania-led JK Group, is acquiring Quadragen VetHealth Pvt. Ltd to diversify into the animal nutrition sector. Initially buying 65% for Rs 300 crore, completing acquisition in four years, the acquisition values Quadragen at Rs 460 crore. This move follows JK Paper's strategy to expand beyond core paper manufacturing, following recent acquisitions in the packaging sector. The company aims to leverage Quadragen’s expertise in animal health and nutrition to fuel growth.

Paper Boat's Nostalgic Revival How Traditional Recipes and Creative Branding Led to FY 23 Revenues Exceeding 300 Cr

Business Bytes

Business Bytes · 1y ago

Paper Boat's Nostalgic Revival How Traditional Recipes and Creative Branding Led to FY 23 Revenues Exceeding 300 Cr

Indian beverage brand, Paper Boat, has achieved impressive success in FY 23 with revenues exceeding 300 Crores. This can be attributed to their commitment to preserving traditional recipes, use of natural ingredients, unique packaging and advertising, and diversification into snacks and desserts. Paper Boat's revival of regional beverages taps into nostalgia and cultural authenticity, while their creative branding and expansion into complementary products have enhanced their popularity. This success story showcases the power of tradition, creativity, and authenticity in building a strong brand.

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