Startup

GreenPod Labs, an agri-biotech startup, has raised ₹ 4.05 crore (€ 500K) pre-seed round in a funding round led by Indian Angel Network (IAN) with Rockstart as a co investor. The Chennai-based startup aims to utilise the freshly infused investment to strengthen its R&D foundation and commercially scale product portfolio. The funding will also be directed towards expanding the R&D and operations team.

With an aim to provide sustainable product-packaging solutions, a Hyderabad-based startup is all set to launch a range of eco-friendly compostable bags. SpruceGel is going to provide greener alternatives to carry bags, shopping bags, grocery bags, apparel bags as well as disposable pouches. Speaking to The New Indian Express, Dr Premnath Basa who is a materials scientist and has co-founded the company said that their organisation comprises of a team of entrepreneurs sharing the common goal of manufacturing 'green and sustainable products' for packaging purposes.