Fibmold makes eco-friendly moulded fibre packaging that mimics rigid plastics<\/p>\n\n\n\n
Fibmold, a start-up focused on sustainable packaging, has raised $10 million from Omnivore and Accel. Fibmold is developing eco-friendly moulded fibre packaging products that mimic the functionality of rigid plastics. These products are manufactured from natural fibres, including bamboo, bagasse, husk, wheat straw, and even wastepaper, depending on the end-use, and are fully recyclable and naturally compostable, the company says.<\/p>\n\n\n\n
The company was founded in October 2022 by Param Gandhi and Vaibhav Garg, who have over two decades\u2019 experience in the packaging and manufacturing industry.<\/p>\n\n\n\n
Fibmold\u2019s sustainable packaging solutions offer an alternative to single-use plastics. China currently dominates the production and export of advanced moulded fibre packaging.<\/p>\n\n\n\n
\u201cThe sustainable packaging industry is a $300-billion opportunity. At Fibmold, we aim to assist brands globally in transitioning to eco-friendly packaging alternatives and ultimately eliminate their reliance on single-use plastics,\u201d said Gandhi.<\/p>\n\n\n\n
Reihem Roy, Partner at Omnivore, said, \u201cFibmold\u2019s unwavering dedication to environmental responsibility, coupled with its founders\u2019 extensive experience and achievements, positions the company as a frontrunner in the sustainable materials industry. This is our second investment from our third fund, and we remain committed to catalysing climate-smart solutions.\u201d<\/p>\n\n\n\n
Prashanth Prakash, Partner at Accel, said, \u201cBy harnessing India\u2019s abundance of agricultural by-products in the future, Fibmold presents a tremendous business opportunity. Through advanced technology and scientific innovation, the startup is not only strengthening the Indian economy but also forging India as a global leader in sustainable packaging solutions.\u201d<\/p>\n\n\n\n
Source : thehindubusinessline<\/p>\n","protected":false},"excerpt":{"rendered":"
Fibmold makes eco-friendly moulded fibre packaging that mimics rigid plastics Fibmold, a start-up focused on sustainable packaging, has raised $10 million from Omnivore and Accel. Fibmold is developing eco-friendly moulded fibre packaging products that mimic the functionality of rigid plastics. These products are manufactured from natural fibres, including bamboo, bagasse, husk, wheat straw, and even<\/p>\n","protected":false},"author":1,"featured_media":11962,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[73,64],"tags":[943],"class_list":{"0":"post-11961","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-india-south-asia","8":"category-latest-news","9":"tag-fibmold"},"_links":{"self":[{"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/posts\/11961","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/comments?post=11961"}],"version-history":[{"count":1,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/posts\/11961\/revisions"}],"predecessor-version":[{"id":11963,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/posts\/11961\/revisions\/11963"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/media\/11962"}],"wp:attachment":[{"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/media?parent=11961"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/categories?post=11961"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/tags?post=11961"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}