Ukhi, a startup focused on biodegradable packaging, has successfully raised $1.2 million in a pre-seed funding round. The funding round was led by 100Unicorns, with participation from Venture Catalysts, angel investor Avtar Monga, and debt funding from the Small Industries Development Bank of India (SIDBI).
The newly acquired funds will be utilized to scale production operations, enhance materials research, and expand Ukhi’s offerings in sustainable packaging on a global scale.
Founded in 2019 by Priyanka Chauhan, Vishal Vivek, and Sundeep Kumar Tyagi, Ukhi specializes in developing compostable biomaterials derived from agricultural residues. The company employs a patent-pending technology that aims to provide an alternative to traditional plastics, thus contributing to the bioeconomy and promoting environmentally friendly practices in various industries. Operating in Haryana and Uttarakhand, Ukhi is focused on reducing plastic pollution, mitigating crop burning, and fostering a circular economy.
Ukhi’s biomaterials are primarily based on lignocellulosic agricultural waste, presenting scalable and sustainable alternatives to conventional plastics. The company’s goal is to significantly impact the industry by offering biodegradable packaging solutions that reduce environmental footprints and facilitate the transition to circular, sustainable practices.
With this financial backing, Ukhi intends to drive transformation within the industry and position itself as a competitor in the expanding biomaterials sector, where it will contest with established players such as Traceless and Advanced Biomaterial Company.
