Agrileaf Secures Rs.16 Cr Growth Funding Led By Capital-A And Samarsh Capital
Agrileaf Secures Rs.16 Cr Growth Funding By Capital-A, Samarsh Capital
Agrileaf, a Indian manufacturer and exporter of biodegradable dinnerware, secured Rs. 16 Crore in growth funding led by Capital-A and Samarsh Capital. This investment can enable Agrileaf to expand its operations in existing markets across the US and Europe, as well as build a consumer-facing brand in India. This marks Agrileaf’s first fundraise after being bootstrapped and profitable to date.
The round also saw participation from angel investors including Shaji Devekar, Siddharth Bafna, Co-founder of The Nutcracker, Family office of Ved Prakash, Pritie Jain of Bling Mushrooms, Sumeet Bhalotia, Director at Vario Lounge, Dhruv Taneja, Founder – Matchlog and Chiranth Patil- Beta Plus.
According to Mordor Intelligence, the market for biodegradable packaging is expected to reach approximately USD 140.66 billion by 2029, with a CAGR of around 5.97% from 2024 to 2029. This growth underscores the rising demand for sustainable, compostable solutions driven by environmental awareness and stricter regulations on single-use plastics.
With this investment, Agrileaf can expand production capacity, enhance its biodegradable dinnerware and packaging line, and deepen its community impact. Operating from a Dharmasthala facility, the Karnataka-based, Agrileaf integrates a supply chain of areca leaf collection with robotics and AI-driven quality control. This is to ensure, backyard-compostable products that meet both market and environmental needs. Currently, Agrileaf targets to produce up to 300,000 dinnerware products daily by end of 2025 and has created over 1,000 jobs, supporting rural economic development.
Commenting on the investment, Avinash Rao, Co-Founder of Agrileaf, said, “With this backing, we aim to scale operations, enhance technology, and continue creating positive change from the ground up.”
Ankit Kedia, Founder and Lead Investor at Capital-A, highlighted the alignment of this investment with Capital-A’s focus on supporting green businesses, “At Capital-A, manufacturing and materials innovation are key pillars of our investment philosophy. Agrileaf’s innovative use of Karnataka’s vast areca plantations has the potential to redefine sustainable tableware solutions”.
Sandeep Shenoy, Managing Partner at Samarsh Capital, added, “Agrileaf has demonstrated how sustainable manufacturing can drive both economic and environmental progress. We are eager to support Avinash and Athishay as they expand into new markets and redefine eco-friendly dining solutions globally.”
Founded in 2019 by Avinash Rao and Athishay Jain, Agrileaf provides a sustainable, high-strength alternative to plastic, paper, and bagasse plates. Dedicated to supporting local areca farmers through responsible sourcing, Agrileaf aims to foster a zero-waste, community-centered future with eco-friendly solutions available worldwide.
