The maker and exporter of biodegradable dinnerware Agrileaf has secured a Rs. 16-crore funding package led by Capital-A and Samarsh Capital. The round also saw participation from angel investors, including Shaji Devekar, Siddharth Bafna, the family office of Ved Prakash, Pritie Jain, Sumeet Bhalotia, and Chirant Patil.

The fresh cash will be used to broaden its presence in existing regions in the US and Europe, establish a consumer-oriented brand in India, and boost manufacturing capabilities.

Agrileaf is an areca leaf tableware manufacturer and exporter, offering top-quality products aligned with eco-friendly values. Agrileaf was co-founded in 2019 by Avinash Rao and Athishay Jain. A robust supply chain of areca leaf collection is combined with advanced robotics and artificial intelligence-driven quality control to guarantee high-quality, backyard compostable goods that satisfy both market and environmental requirements.

Market research estimates that the market for biodegradable packaging will reach approximately $140.66 billion by 2029, with a CAGR of around 5.97% from 2024 to 2029.
A high-strength alternative to plastic, paper and bagasse plates is provided by the Mangalore-based company. A zero-waste, community-centered future with eco-friendly solutions available worldwide.

Up to 300,000 dinnerware items per day are the goal of the company, which has created over a thousand jobs to help rural economic growth.

The company competes with other players in this space, such as VerTerra Dinnerware, SM Areca Leaf Plate Eco-Friendly Products, and Vegware. These companies are contributing to the growing trend of eco-friendly alternatives to disposable tableware and packaging, positioning themselves as formidable contenders in the marketplace.