Sustainable solutions startup Amwoodo has raised $4 million in a pre-Series A round led by existing investor Rainmatter, with participation from Adventz Group, Thinkuvate, and Caspian. This brings the company’s total funding to $5 million, including a $1 million seed round previously backed by Rainmatter.
The fresh capital will be used to scale production capacity, strengthen its direct-to-consumer (D2C) marketplace Ecoconscious, and launch new plastic-alternative brands to meet growing demand in domestic and international markets.
Founded in 2019 by Sourav Dey, Agni Mitra, and Avijit Rajak, Amwoodo is building a sustainability-driven ecosystem through bamboo-based substitutes for single-use plastics. Its portfolio spans personal care, hospitality products, bamboo polymer composites, veneers, framing systems, and décor items, sold under the brands imeco, Shaveco, and Dencrus.
Amwoodo has forged B2B partnerships with enterprises such as Himalaya Wellness Company, Bombay Shaving Company, and ITC Hotels, bolstering credibility while enhancing its consumer-focused play via Ecoconscious.
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The startup operates in the rapidly growing sustainability and green packaging market, where consumers are increasingly favoring biodegradable, compostable, and recyclable products. Other players like Bambrew, Beco, and PeelOn are also innovating in this space, supported by investors keen to capture the eco-friendly alternatives market.
With this funding, Amwoodo plans to expand its brand portfolio, increase manufacturing capabilities, and strengthen its position as a leading bamboo-based sustainability player, catering to both B2C and B2B markets in India and abroad.
