Ukhi Secures Funding from Avtar Monga and Prominent Investors to Revolutionize Bioplastics Industry in India
Summary
Ukhi is an IIT Funded, material science company using cellulose based agri waste to produce biodegradable plastic pellets for flexible packaging industry.FARIDABAD, HARYANA, INDIA, February 27, 2024 / EINPresswire.com / -- Ukhi , a leading innovator in bioplastics technology, today announced it has secured funding from a distinguished group of investors, including industry veteran Avtar Monga and angel investors based in the UK and India. Sundeep Kumar Tyagi, an alumnus of HBTI Kanpur with 30 years of experience in chemical and polymer technology, brings deep expertise to the team.Quotes:Vishal Vivek, Founder of Ukhi: "This funding is a crucial step towards our mission of making bioplastics the norm in India. We are thrilled to have Avtar Monga and other esteemed investors on board, and we are confident that our technology will revolutionize the industry while creating a positive impact on our environment and farmers. "Avtar Monga, Investor: "Ukhis unique approach to bioplastics has the potential to disrupt the industry and address critical environmental challenges. Their technology offers a cost-effective and eco-friendly alternative to traditional plastics, contributing to a cleaner environment and increased farmer income.