Biomaterials startup Ukhi raises $1.2 million in funding led by 100Unicorns, others

Faridabad-based biomaterials startup Ukhi has raised $1.2 million in a pre-seed funding round to further its mission of advancing sustainable biomaterials for packaging.

The round includes equity investment led by 100Unicorns, with participation from Venture Catalysts and angel investor Avtar Monga.

Debt funding was provided by the Small Industries Development Bank of India (SIDBI).

Focus on scaling and research

Ukhi plans to use the raised capital to expand production capabilities, enhance research into sustainable materials, and establish a global footprint for its packaging solutions.

Founded in 2019 by Priyanka Chauhan, Vishal Vivek, and Sundeep Kumar Tyagi, Ukhi specializes in creating biodegradable biomaterials from agricultural residues.

The startup's patent-pending technology turns lignocellulosic agricultural waste into compostable materials that can replace traditional plastics.

Tackling plastic pollution

With operational bases in Haryana and Uttarakhand, the startup aims to tackle plastic pollution and reduce crop burning by using agricultural residues as raw materials.

Its biomaterials serve as the foundation for a range of sustainable packaging products, targeting industries such as food and retail.

Notably, Ukhi’s innovative approach aligns with the increasing demand for eco-friendly packaging solutions.

By leveraging its technology, the startup aims to help industries lower their carbon footprints and meet environmental regulations.