ZeroCircle Secures ₹20 Crore in Funding Led by Rainmatter

zerocircle

ZeroCircle, a Pune-based biotech startup working on sustainable solutions, has raised ₹20 crore in a funding round led by Rainmatter, the investment arm of Zerodha co-founder Nithin Kamath. The funding round also saw participation from other strategic investors who believe in ZeroCircle’s mission of tackling environmental challenges through innovative technology.

What ZeroCircle Do?

ZeroCircle specializes in developing biodegradable materials made from seaweed to replace traditional plastics. Their products are designed to be eco-friendly and contribute to reducing plastic waste while promoting sustainable practices. By leveraging seaweed’s abundant availability and fast growth rate, ZeroCircle aims to build scalable and affordable alternatives to single-use plastics.

How the Funding Will Be Used?

The ₹20 crore funding will be directed toward:

  1. Scaling Production: Expanding their capacity to meet the growing demand for sustainable materials.
  2. Technology Enhancement: Advancing research and development to create new products and refine existing ones.
  3. Market Outreach: Building awareness and partnerships with businesses seeking eco-friendly packaging solutions.

About Rainmatter’s Role

Rainmatter is known for investing in startups that focus on sustainability, climate action, and creating social impact. Their investment in ZeroCircle aligns with their commitment to environmental sustainability and fostering innovation in green technologies.

Vision for the Future

ZeroCircle’s founder, Neha Jain, envisions a future where their seaweed-based solutions can replace a significant portion of the world’s plastic usage. The company’s mission is to contribute meaningfully to solving the global plastic crisis while empowering communities involved in seaweed farming.

This funding marks a significant step forward for ZeroCircle, reaffirming investor confidence in their innovative approach to sustainability. The startup is set to play a vital role in the green economy by providing scalable solutions to reduce environmental impact.