🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Related News

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

EntrackrEntrackr · 6m ago
Bambrew raises Rs 90 Cr led by Ashok Goel and Enrission India Capital
Medial

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.

DSA Holding signs $2 Bn LoI for Innogress Ventures–led quantum, deep-tech ecosystem

EntrackrEntrackr · 19d ago
DSA Holding signs $2 Bn LoI for Innogress Ventures–led quantum, deep-tech ecosystem
Medial

DSA Holding signs $2 Bn LoI for Innogress Ventures–led quantum, deep-tech ecosystem The proposed investment will support institutions and startups such as IIT Gandhinagar, JSS University Noida, and early-stage deep-tech ventures. European deep-tech investor DSA Holding AS has signed a letter of intent (LoI) to invest up to $2 billion in India’s quantum and deep-tech ecosystem led by Innogress Ventures. This is one of the largest private investment commitments in the country’s quantum technology sector. The LoI and a memorandum of understanding (MoU) were signed on December 22 at JSS University, Noida. The Norway-based firm, along with its sister company Norwegian Green Solutions (NGS) AS, plans to back Innogress-led projects across quantum computing, artificial intelligence, robotics, and advanced data infrastructure. These include the Greater Karnavati Quantum Computing Technology Park, Greater Noida Robotics Technology Park, and the Indraprastha Quantum Data Center. NGS AS separately signed an MoU with Innogress Ventures to collaborate on green technology initiatives, including renewable energy solutions to support data centres and technology parks in India. The partnership aims to align deep-tech innovation with sustainable energy infrastructure. At the event, representatives from DSA Holding and NGS spoke about India’s rising demand for quantum, AI, and clean-tech solutions and pointed to the country’s ability to scale advanced technologies for domestic and global markets. Innogress founder Sumant Parimal spoke about the need for overseas capital in India’s deep-tech sector, highlighting limited domestic funding despite strong innovation activity. The signing ceremony was attended by senior leaders from academia, industry, and the European delegation. From Innogress Ventures, Kalyan Upadhyay, Partner and Advisor, was present alongside strategic and institutional stakeholders, reflecting the firm’s leadership role in shaping the proposed investment and collaboration framework. The development signals increasing international interest in India’s quantum and deep-tech ambitions, particularly at the intersection of advanced computing and sustainable technology.

Download the medial app to read full posts, comements and news.