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

PadCare plans to utilise 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 startup will also continue to invest heavily in advancing its patented 5D recycling technology and for product commercialisation.

https://www.hindustantimes.com/cities/pune-news/bits-and-bytes-know-about-startup-business-news-in-pune-101676111720362.html