Agritech startup EF Polymer has completed its Series A fundraising worth Rs 33 crore to speed up its business growth and promote sustainable agriculture through its eco-friendly polymer.
Founded in 2018, EF Polymer develops 100% organic superabsorbent polymer (SAP). The startup will also focus on expanding the polymer production capacity in India and strengthening R&D to establish a structure to meet global demand, which it expects to grow in the next few years.
It aims to establish a circular model where agricultural waste products are upcycled to produce useful organic polymers. By implementing this model, the company believes it will make significant contributions to global sustainable agriculture.
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