Imaga Trade and Craft Pvt Ltd, operating under the brand name Bumboo, has successfully closed its first round of angel funding from industry leaders for an undisclosed amount.
The funding round included notable participants such as Rohan Bhargava (Co-founder of CashKaro), Saurabh Gupta (CEO and Co-founder of UrbanPiper), Shashank Bijapur (Founder of SpotDraft), Rajneil Kamath (formerly of Google and NC Media), Harikrishnan M (DMart), Sridhar V (Microsoft), and Rajat Jain (Think Wealth).
The fresh capital will accelerate Bumboo’s expansion both in India and globally, enabling the company to cater to a growing market for sustainable packaging solutions. Since its inception, the company claims to have served over 3,500 businesses, including industry giants such as Zomato, Swiggy, ITC, Blue Tokai, Curefoods, Chaayos, and Barbeque Nation.
Transforming Waste into Sustainability
Founded in 2019 by Anirudh Balakrishnan (Bala), Rohit Keshan, and Praveen Kumar, Bumboo turns agricultural waste—like sugarcane bagasse and wheat straw—into eco-friendly packaging alternatives. This innovation addresses critical environmental challenges, including air pollution caused by crop burning in regions like Delhi, where its impact on air quality is severe.
A Growing Presence in Key Markets
Headquartered in New Delhi, with additional operations in Bengaluru and Mumbai, Bumboo has developed a catalog of over 50 alternatives to plastic packaging, tailored primarily for the food service industry. With the surge in demand for cloud kitchens and food delivery services, the company is strategically positioned to cater to this rapidly growing sector while contributing to sustainability goals.
Bumboo’s efforts align with global shifts toward environmentally responsible business practices, offering a solution that tackles both waste management and the reduction of single-use plastics. With this funding boost, the company is poised to strengthen its market presence and further its mission of creating a greener planet.
