PadCare Labs Raises Pre-Seed Funding from Tech Startp Incubator Venture Center
PadCare Labs, a sanitary napkin disposal and recycling solution provider has raised an undisclosed amount in pre-seed funding round from tech startup incubator Venture Center under BIRAC’s LEAP Fund. The fresh infusion of funds will be used to grow capabilities in R&D, operations, team expansion, manufacturing and expanding the market footprint said an official company statement.
Founded in 2018 by AjinkyaDhariya, PadCare Labs tackles the pressing issue of sanitary waste disposal. The firm has developed the world's first solution for smokeless sanitary napkin disposal and recycling.
PadCare’sUV-C based products SANECO and UVECO ensure proper disposal of sanitary napkins with minimal hassle. The Pune based startup has recently been awarded as the winner of the Innovation Challenge by Villgroand Family Planning Association of India (FPAI).
In a statement, the company mentioned that it aims to provide end-to-end MHM solutions to B2B enterprises using its subscription-based business model. AjinkyaDhariya, Founder & CEO, PadCare Labs said, “In 2018, from recycling a single pad to now having a facility with a recycling capacity of about 1500 of pads per day, our mission-oriented team is helping to enhance hygiene standards globally through its state-of-the-art technology-based products…
With the current round of funding, we are looking forward to taking PadCare from pilot demonstration to commercialisation,” said
“Padcare's proprietary technology for processing sanitary waste leverages multi-disciplinary capabilities in physics, mechanical engineering, electronics, chemistry and biological sciences to come up with solutions aligned to the needs and preferences of business customers.
Venture Center found this integration of different capabilities to solve a very pressing problem of society extremely interesting. The enthusiasm, creativity and resourcefulness of the team behind Padcare also convinced Venture Center to support the company,” said, DrPremnath, Director, Venture Center.
Founded in 2018 by AjinkyaDhariya, PadCare Labs tackles the pressing issue of sanitary waste disposal. The firm has developed the world's first solution for smokeless sanitary napkin disposal and recycling.
PadCare’sUV-C based products SANECO and UVECO ensure proper disposal of sanitary napkins with minimal hassle. The Pune based startup has recently been awarded as the winner of the Innovation Challenge by Villgroand Family Planning Association of India (FPAI).
In a statement, the company mentioned that it aims to provide end-to-end MHM solutions to B2B enterprises using its subscription-based business model. AjinkyaDhariya, Founder & CEO, PadCare Labs said, “In 2018, from recycling a single pad to now having a facility with a recycling capacity of about 1500 of pads per day, our mission-oriented team is helping to enhance hygiene standards globally through its state-of-the-art technology-based products…
With the current round of funding, we are looking forward to taking PadCare from pilot demonstration to commercialisation,” said
“Padcare's proprietary technology for processing sanitary waste leverages multi-disciplinary capabilities in physics, mechanical engineering, electronics, chemistry and biological sciences to come up with solutions aligned to the needs and preferences of business customers.
Venture Center found this integration of different capabilities to solve a very pressing problem of society extremely interesting. The enthusiasm, creativity and resourcefulness of the team behind Padcare also convinced Venture Center to support the company,” said, DrPremnath, Director, Venture Center.