Imaga Trade and Craft Pvt Ltd, known as Bumboo, has raised its first angel funding round from industry leaders, though the amount is not disclosed.
Investors in this round include Rohan Bhargava (Co-founder of CashKaro), Saurabh Gupta (CEO of UrbanPiper), Shashank Bijapur (Founder of SpotDraft), Rajneil Kamath (Former Google), Harikrishnan M (DMart), Sridhar V (Microsoft), and Rajat Jain (Think Wealth).
Funding Utilisation
The funds will help Bumboo expand in India and globally. The company has already worked with over 3,500 businesses, including well-known names like Zomato, Swiggy, ITC, Blue Tokai, Curefoods, Chaayos, and Barbeque Nation.
Founded in 2019 by Anirudh Balakrishnan (Bala), Rohit Keshan, and Praveen Kumar, Bumboo turns agricultural waste, like sugarcane bagasse and wheat straw, into eco-friendly packaging solutions.
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This method helps solve waste management and air pollution issues, especially in cities like Delhi, where crop burning affects air quality.
Bumboo is based in New Delhi, with offices in Bengaluru and Mumbai. It offers over 50 plastic alternatives designed for the food service industry, focusing on the growing cloud kitchen and food delivery market.
About Bumboo
Bumboo focuses on promoting products that encourage responsible choices. They achieve this through a deep understanding of supply chains. It also achieve by working with different businesses to connect them with the right products and markets.
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