Assam-based startup ZERUND has raised an undisclosed pre-Series A round from NEDFi Venture Capital Ltd.(NVCL), taking the total capital raised by the company to Rs 4 crore.
Zerund brick is known as Plastic Embedded Lightweight Brick. It is a patented lightweight brick of Zerund Manufacturing Pvt. Ltd. Industrial production of this sophisticated building material started in the year 2018 in Assam Guwahati, India.
“We have witnessed 85% month-on-month traction in terms of sales, and further to the demand are looking forward to expanding rigorously. By the end of this fiscal year, we are expecting to register 500% YoY growth. The growth path for entire North East in the recently announced budget by finance minister gave us bigger hope to grow faster,” David Pratim Gogoi, co-founder, and CEO ZERUND, said.
Eco-friendly brick manufacturing startup ZERUND was founded by Rupam Choudhury, Mousum Talukdar and David Pratim Gogoi in 2018. ZERUND provides eco-friendly, cost-effective, bricks made from waste plastic and other waste materials as ingredients.
“The Company fits the NEVF objective of promoting scalable and innovative start-ups in the North-East Region. The Company through its patent-pending technology has ushered in an innovative product “ZERUND Bricks”, plastic embedded bricks, which has many advantages over regular bricks available in the market. The bricks are lite weight & resistant towards water and contribute towards environment by recycling waste plastic for its manufacturing.” Shri PVSLN Murty, CMD NEDFi & Chairman NVCL said.
The company will use the capital to set up a new manufacturing facility with five times the capacity of its current centre in Pathsala, Assam.