Biotech startup Zerocircle has secured Rs 20 crore in a funding round led by Zerodha cofounder Nithin Kamath’s Rainmatter.

Among others, early-stage venture capital firms 1Crowd, VC Grid, 7th Gen Ventures, and environmentalist Trudie Styler participated in the financing. The money will be utilized for team expansion, supply chain optimization, and factory scaling.

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“We are in the midst of a lot of eco-friendly packaging options. The terminology is thrown around a lot, and it gets really chaotic. So, to put it simply, if our product ends up in a mismanaged environment—whether it’s a landfill, a marine or aquatic body, or even your own body—it breaks down naturally without any special requirements,” founder and managing director Neha Jain told ET.

Commenting on the investment, Rainmatter’s Kamath said, “Plastic is a well-known source of pollution on land and in water. We can visibly see plastic pollution around us, and now we also see microplastics in our food and water. This is why, when we met the Zerocircle team back in 2021, we did not take much time to decide on backing them in their pursuit of developing biodegradable alternatives for plastics.”

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About Zerocircle

The Pune-based firm, which was founded in 2020 by Neha Jain, makes packaging made of seaweed as an alternative to hazardous materials derived from petrochemicals. Its product line includes food trays, bakery packaging, fried food containers, and coated packaging for hamburger boxes.

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