India’s First Biomaterial Startup Phool.co Raises $8 Million in Series a Funding
India’s first biomaterial startup, and fragrance-focussed wellness brand Phool.co, has raised $8 million (Rs60.5 crore) in a Series A round from Sixth Sense Ventures, a consumer-centric venture fund. The round also saw participation from existing investors Alia Bhatt and IAN fund.
Founded in 2017 by engineering graduates Ankit Agarwal and Prateek Kumar, Phool.co is a flower recycling technology startup. It uses floral waste—collected from dumping temple waste in rivers—to make patented organic fertiliser and charcoal-free luxury incense products.