Zerocircle, a new biotech company, has gained ₹20 crore (around $2.3 million) from its latest funding. Rainmatter, the fund arm of Zerodha co-founder Nithin Kamath, led this round. Other early-stage funds like 1Crowd, VC Grid, and 7th Gen Ventures also joined, along with well-known green advocate Trudie Styler.

Funding goals: Growth and team building

The money will help Zerocircle grow its making power, improve its supply chain, and hire more staff. These plans support the firm’s aim to meet the rising need for green packaging.

Changing packaging with seaweed

Zerocircle, started in 2020 by Neha Jain, is making seaweed-based packing. These green options are meant to take the place of regular plastic wraps, thus helping to cut down on plastic waste. The firm has a range of goods, like coated burger boxes, fried food containers, baked goods, and trays.

Big production goals by 2028

Zerocircle aims to make over 3,000 tonnes of goods a year by 2028. This will include many items, like coated paperboards, food boxes, and strong coatings, all made for green use.

Looking at global markets

Right now, Zerocircle works in Europe, but it wants to reach other areas, especially the Gulf Cooperation Council (GCC) countries. This shows a rising need for eco-friendly packing in world markets.

A move towards green living

By using the natural good of seaweed, Zerocircle makes packing that lessens harm to the earth and helps sea life. This new way fits with the global push to cut down on single-use plastics and care for the planet.

Trust in green ideas

This funding shows the growing interest in green tech and eco-friendly firms. Supported by Rainmatter and other smart investors, Zerocircle is ready to change the packing scene and lead in being responsible to the earth.