Biotech startup Zerocircle has successfully raised ₹20 crore ($2.3 million) in its latest funding round, led by Rainmatter, the investment firm founded by Zerodha co-founder Nithin Kamath. The round also saw contributions from early-stage venture capital firms including 1Crowd, VC Grid, 7th Gen Ventures, and environmental activist Trudie Styler.
The funds will be utilized to scale Zerocircle’s manufacturing capabilities, optimize its supply chain, and expand its team. Founded in 2020 by Neha Jain, Zerocircle specializes in seaweed-based packaging designed to replace harmful petrochemical materials. Its product offerings include coated packaging for hamburger boxes, fried food containers, bakery packaging, and food trays.
The Pune-based startup aims to boost its production capacity to over 3,000 tonnes annually by 2028, across various categories such as coated paperboards, food boxes, and advanced coatings. Currently operating in Europe, Zerocircle plans to expand its reach into markets such as the GCC.
Zerocircle’s recent funding round marks a significant step in its mission to revolutionize packaging with sustainable, seaweed-based alternatives. With strong investor backing, the company is poised to expand its manufacturing capacity and enter new international markets, positioning itself as a key player in the eco-friendly packaging industry.
