[Funding alert] Amwoodo Secures $1 Million From Zerodha's Rainmatter

Rainmatter, a startup fund backed by Zerodha, has invested $1 million to Amwoodo, a manufacturer of bamboo products.

The funds raised will go towards improving tools and machines, developing the skills of craftspeople, and supporting growth plans.

"At Amwoodo, we have always believed in pushing boundaries, challenging the status quo, and driving positive change. This new injection of capital not only validates our vision but also empowers us to accelerate our growth, expand our reach, and deliver even greater value to our customers, partners, and stakeholders," the startup added in a release.

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They work with roughly 380 artisans and individually purchase bamboo from about 400 farmers in the northeast. Their factories in Howrah, Kolkata, are where items are final refined to suit export requirements.

They are incredibly excited about the future that lies ahead. With this new round of funding, they are better positioned than ever to drive innovation, create value, and make a meaningful impact on the world.

About Amwoodo

Amwoodo is a 2019 startup that specialises in producing bamboo products such as towels, combs, razors, and compostable sanitary bags. They aspire to create a more sustainable and resilient future for future generations employing their dedication to innovation, moral behaviour, and community involvement.

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