PassionIT News

PadCare Labs, a Pune-based start-up for sustainable sanitary waste processing and recycling, has closed on a Rs.5 crore seed funding round led by Social Alpha with strategic investments from Lavni Ventures, 3i partners, Rainmatter, and Spectrum Impact.

PadCare plans to utilize the seed capital to expand the operating geographies in India and beyond in the next 24 months, majorly to set up decentralized material recovery centres. The clean-tech start-up will also continue to invest heavily in advancing its patented 5D recycling technology and for product commercialization.

PadCare’s unique recycling technology closes the loop of the menstrual hygiene economy by generating recyclable output out of used pads, which would otherwise take up to 800 years to decompose. The recycled output is further used to make paper and plastic-based objects. They also provide pad vending machines to enhance the accessibility to menstrual products.

https://www.punekarnews.in/pune-clean-tech-startup-padcare-closes-rs-5-crore-seed-funding-round-to-boost-growth/