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Bamboo products maker Amwoodo raises $1 million from Zerodha's Rainmatter

Economic Times

Economic Times · 1y ago

Bamboo products maker Amwoodo raises $1 million from Zerodha's Rainmatter

Indian bamboo products maker Amwoodo has raised $1 million in funding from Rainmatter, a venture fund backed by Zerodha. The Kolkata-based startup plans to use the funds for upgrading machinery, upskilling artisans, and expanding its operations. Amwoodo, founded in 2019, specializes in producing bamboo items such as combs, toothbrushes, razors, and slippers, sourced directly from farmers in the northeast region of India. The company operates in both B2B and B2C sectors, with clients including Taj Hotels, The Leela, Himalaya, and Man Company. It aims to achieve sales of around INR 60 crore in the current financial year.

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Blume, Nithin Kamath's Rainmatter bet on gaming platform, bamboo product maker

VCCircle

VCCircle · 1y ago

Blume, Nithin Kamath's Rainmatter bet on gaming platform, bamboo product maker

LightFury Games, a gaming startup, has raised $8.5 million in seed funding led by Blume Ventures. The company plans to use the funds to develop AAA gaming titles and expand its team. Bamboo products maker Amwoodo has also secured $1 million in seed funding from Rainmatter, led by Nithin Kamath. Amwoodo focuses on sustainable products made from bamboo and will use the funds to grow its product range.

Amwoodo raises $1 Mn from Zerodha-backed Rainmatter

Entrackr

Entrackr · 1y ago

Amwoodo raises $1 Mn from Zerodha-backed Rainmatter

Bamboo products maker Amwoodo has raised $1 million in funding from Zerodha-backed venture fund Rainmatter. The proceeds will be used for upgrading machinery and equipment, upskilling artisans and facilitating expansion initiatives. Founded in 2019, Amwoodo specialises in manufacturing bamboo items like combs, toothbrushes, razors, slippers, compostable sanitary bags, and towels. The company directly sources bamboo from around 400 farmers in the northeast and collaborates with about 380 artisans. The final refinement of products to meet export standards occurs in its factories located in Howrah, Kolkata. The platform operates in both business-to-business (B2B) and business-to-consumer (B2C) sectors, with major clients including hospitality chains like Taj Hotels and The Leela, and direct-to-consumer brands such as Himalaya, Man Company, Nat Habit, and Kimirica. The Kolkata-based firm claims to have achieved sales worth Rs 21.72 crore in the last financial year. For the ongoing financial year, the company aims to reach sales of approximately Rs 60 crore.

Can Amwoodo’s Bamboo Bet Help India Clean The Plastic Mess?

Inc42 · 9m ago

Can Amwoodo’s Bamboo Bet Help India Clean The Plastic Mess?

India has a significant bamboo industry but faces a trade deficit as exports remain low and imports increase. Despite having the second-largest bamboo forest coverage globally, India contributes less than 1% to the global bamboo market currently dominated by China, Vietnam, and Cambodia. Amwoodo, a startup founded by NRI Agni Mitra, aims to change this by leveraging India's resources and promoting sustainable practices. The company supplies bamboo products to various businesses and is expanding into the B2C and B2G sectors. Amwoodo expects to raise funds in its next funding round and targets a revenue of INR 60 Cr this year.

Two Brothers Organic Farms, two others raise early-stage funding

VCCircle

VCCircle · 1y ago

Two Brothers Organic Farms, two others raise early-stage funding

Agriculture startup Two Brothers Organic Farms has raised $7 million in a Series A funding round led by Zerodha's Rainmatter Foundation. The funds will be used to improve its business operations and expand its market presence in India and the US. Deeptech startup Morphing Machines has raised $2.76 million in a seed funding round to support product development and expand its engineering team. Social networking platform O hi secured $1 million in a pre-Series A funding round to further develop its AI technology and expand its presence in the UK.

Sustainable packaging startup Fibmold raises $10M led by Omnivore, Accel

IndianStartupNews

IndianStartupNews · 1y ago

Sustainable packaging startup Fibmold raises $10M led by Omnivore, Accel

Fibmold, a sustainable packaging startup, has raised $10 million in a funding round led by Omnivore and Accel. The company specializes in producing eco-friendly molded fiber packaging products made from natural fibers such as bamboo and wheat straw. With increasing environmental challenges posed by plastic waste, Fibmold aims to provide sustainable packaging solutions and encourage the transition from single-use plastics. The funding will help Fibmold expand its operations and accelerate the growth of the sustainable materials industry in India.

Zerodha's Rainmatter picks up 10% stake in fund house Capitalmind

YourStory

YourStory · 2d ago

Zerodha's Rainmatter picks up 10% stake in fund house Capitalmind

Zerodha's Rainmatter invested in Capitalmind, acquiring nearly a 5% stake, aligning with the reopening of Capitalmind's Flexi Cap Fund. This marks Capitalmind's first institutional funding as it raised Rs 45 crore for its mutual fund business. Rainmatter's support entails no board seat, ensuring Capitalmind's independence. The investment aims to expand Capitalmind's retail and wealth-management strategies, leveraging Zerodha’s connections. Capitalmind previously managed significant funds for high-net-worth individuals, and plans to offer accessible investment products.

Plant-based kids’ clothing brand Kidbea raises $1 Mn led by VCats

Startup News FYI

Startup News FYI · 1y ago

Kidbea, a bamboo-based kids' fashion brand, has secured $1 million in a pre-Series A funding round led by Venture Catalysts. The round also included participation from Agility Ventures, BestVantage Investments, and notable individuals including founders of Droom and a celebrity actor from Japan. The funds will be utilized for marketing, team expansion, operational improvements, R&D, and technology. Kidbea aims to become a Rs 500 crore brand within the next three years and has witnessed significant revenue growth in FY23.

Former Ola exec Pranay Jivrajka’s sexual wellness startup Allo raises Rs 16 crore from Zerodha’s Rainmatter, others

Economic Times

Economic Times · 4m ago

Former Ola exec Pranay Jivrajka’s sexual wellness startup Allo raises Rs 16 crore from Zerodha’s Rainmatter, others

Allo Health, a sexual wellness startup founded by former Ola executive Pranay Jivrajka, raised Rs 16 crore in a funding round led by Zerodha's Rainmatter. The funds aim to expand clinic networks, enhance technology, and improve patient engagement. Supported by Flipkart’s Binny Bansal, Allo Health combines physical clinics with AI-driven treatment and plans to enter the mental health segment. It highlights the need for accessible sexual healthcare in India, treating over 200,000 patients across 35 clinics.

Zerodha’s Rainmatter pumps in $3.5 million in fitness startup Fittr

Economic Times

Economic Times · 1y ago

Zerodha’s Rainmatter pumps in $3.5 million in fitness startup Fittr

Zerodha's Rainmatter has invested Rs 28 crore (around $3.5 million) in fitness startup Fittr. With this funding, Fittr will gain access to Rainmatter's ecosystem of health and wellness startups backed by Zerodha. Fittr boasts profits on a quarter level and a yearly revenue run rate of Rs 120 crore. The ultimate aim is to build a sustainable and profitable business before considering a public listing. Fittr has 250,000 monthly active users and over five million app downloads, offering online fitness and nutrition coaching.

Solinas Bags Funding To Provide Water Conservation, Sanitation Solutions

Inc42 · 1y ago

Solinas Bags Funding To Provide Water Conservation, Sanitation Solutions

Solinas Integrity, a climate tech startup, has recently secured an undisclosed amount of funding from SBICAP Ventures' Neev Fund II and Zerodha's Rainmatter Capital. The company, founded in 2018, provides robotics and artificial intelligence solutions for detecting water leakages and eliminating manual scavenging in the water pipeline and sanitation industry. The funding will be utilized to enhance water pipeline and sanitation infrastructure, contributing to climate change adaptation and sustainability efforts.

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