Funding · Climate, Energy & Sustainability
Zerocircle raises ₹5 crore in pre-Series A
By Startup Enthusiast ·
- Date
- Company
- Zerocircle
- What it does
- Seaweed-based packaging materials startup
- Kind
- Funding
- Amount
- ₹5 crore
- Stage
- pre-Series A
- Based in
- Pune
- Founded
- 2020
What they do
Zerocircle makes seaweed-based packaging to replace petrochemical plastics
What happened
It raised ₹5 crore in pre-Series A funding co-led by 3one4 Capital and Rainmatter Capital
Why it matters
The company has already replaced about 1.6 million plastic containers in the past year
The details
- Zerocircle raised ₹5 crore in pre-Series A funding.
- The round was co-led by 3one4 Capital and Rainmatter Capital.
- Other institutional and angel investors also participated.
- The company will use the funds to accelerate deeptech research and scale production of seaweed-based biopolymers.
- Zerocircle had previously raised ₹20 crore ($2.3 million) led by Rainmatter.
- That earlier round included 1Crowd, VC Grid, 7th Gen Ventures, and Trudie Styler.
- The startup was founded in 2020 by Neha Jain.
The bigger picture
- Demand for sustainable packaging is driven by strict anti-plastic policies and regulatory pressure.
- The global packaging market is over $1.1 trillion, with the sustainable segment projected to reach $530–560 billion by 2030.
- Zerocircle has already replaced approximately 1.6 million plastic containers in the past year.
About the business
- Zerocircle is a materials science startup based in Pune.
- It produces seaweed-based packaging materials to replace petrochemical plastics.
- Product categories include QSR packaging (hamburger boxes, fried food containers, bakery trays).
- It also makes barrier coatings (beverage cups, food wraps) and flexible films (cutlery pouches, dissolvable wraps).
- The materials are marine-degradable and home-compostable, with no PFAS and low-energy green processing.
- Seaweed requires no freshwater, fertilizer, or land and absorbs about 120 kg CO2 per tonne.
- The company operates in India, Netherlands, and the Benelux region of Europe.
- Target markets include Europe, UK, Oceania, and India.
- Zerocircle works with distributors, converters, and foodservice partners.
- Its materials are designed as a drop-in solution for existing plastic manufacturing machinery.
What happens next
- Accelerate deeptech research and scale production of seaweed-based biopolymers.
- Launch new barrier coatings including water-resistant paperboards.
- Develop heat-sealable coatings for cutlery pouches and coated low-GSM paper for food wraps.
The deal
- Type
- funding
Investors
- 3one4 Capital (co-lead) — A venture capital firm investing in early-stage startups.
- Rainmatter Capital (co-lead) — A venture capital firm focused on sustainability and climate tech.
Founders
- Neha Jain, Founder
About Zerocircle
- Product
- Bio-based and compostable packaging materials derived from seaweed, including coatings, food containers, bakery packaging, and trays.
- Customers
- Food brands, restaurant chains, and consumer goods packaging manufacturers.
- How it makes money
- Manufactures and sells seaweed-based packaging materials and coatings to B2B clients.
- What sets it apart
- Utilizes natural seaweed polymers to eliminate petrochemical plastics and prevent microplastic contamination.
- Operations
- Conducts deeptech materials science research and production based out of Pune.
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