UNIREC, a sustainable brand from India has closed a seed funding round, securing a substantial investment of USD 190,000 (1.5 Crore in INR) from BeyondSeed, a leading Singapore-based seed fund.
The USD 190,000 ( Rs 1.5 Crore) seed funding, exclusively provided by BeyondSeed, is strategically allocated to help in market expansion and intensify research and development efforts for the creation of innovative, sustainable fabrics.
“Our focus is on scaling rapidly, both online and offline. Currently, we have manufactured 40,000 garments in 18 months, of which 25,000 have already been sold. Our immediate goal, fuelled by this funding round, is to manufacture and sell 25,000 garments every month, ensuring that the environmental impact achieved in the past 18 months is replicated every month,” stated Mr. Kapil Bhatia, CEO and Founder of UNIREC.
“This marks a significant milestone for UNIREC. We are grateful for the support of BeyondSeed and are excited to accelerate our mission of creating sustainable fashion that makes a positive impact on the environment.”, further added Bhatia
Speaking on behalf of BeyondSeed, Kuldeep Mirani, Co-Founder & CEO commented, “This strategic partnership between UNIREC and BeyondSeed underscores the commitment to turning the global problem of plastic waste into an opportunity. We are excited to back not just a great idea but also a very able and passionate team with the vision to address an issue of global concern.”
