7 months ago

Zerocircle Raises ₹25 Crore for Plastic Alternatives

Zerocircle Raises ₹25 Crore for Plastic Alternatives
Science startup Zerocircle raises ₹25 crore to scale plastic alternatives · thehindubusinessline.com

Zerocircle is a science startup in Pune that makes natural alternatives to plastic.

They just raised ₹25 crore from investors like 3one4 Capital and others.

This money will help them do more research and make more plastic-free packaging for food and other things.

In their first year, they already replaced 1.6 million pieces of plastic packaging.

They are the only company in Asia certified as 100% plastic-free by the EU.

They are working with big companies like Zomato and Swiggy to test their products in India, Europe, the UK, and Oceania.

Their goal is to help the world use less plastic, especially in food packaging.

Key facts

Company
Zerocircle
Funding Amount
₹25 crore
Lead Investor
3one4 Capital
Existing Investors
Rainmatter Capital, 1Crowd, LNB Group, 7th Gen
Plastic Replaced
1.6 million units in food packaging
Certification
100% plastic-free under EU’s Single-Use Plastics Directive
Key Markets
India, Europe, UK, Oceania
Pilot Partners
Zomato, Swiggy

Quotes

Neha Jain

Founder and chief executive officer of Zerocircle

“In our first year of commercialisation, we replaced 1.6 million units of plastic in food packaging. Our biggest milestone was achieving price parity with polyethylene (PE), a major source of microplastic leakage.”
thehindubusinessline.com
“With this round of funding, we are focused on the most critical food-contact applications and on building materials around how India and the world eats.”
thehindubusinessline.com

Nruthya Madappa

Partner at 3one4 Capital

“Zerocircle operates at the intersection of deeptech and large-scale impact, and highlighted the company’s ambition to drive adoption of plastic alternatives.”
thehindubusinessline.com

Sources

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