UNIREC, one of the first sustainable brands from India that creates clothing made from recycled PET bottles, today announced a significant moment in its journey towards a greener future.
The company has successfully closed a seed funding round, securing a substantial investment of $190,000 USD (1.5 Crore in INR) from BeyondSeed, a leading Singapore-based seed fund.
The $190,000 USD(1.5 Crore in INR) 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.
This financial support positions UNIREC to make a significant impact on the burgeoning market opportunity in the sustainable fashion market.
Notably, over the past 18 months, UNIREC has achieved significant milestones, selling more than 25,000 garments made from recycled PET bottles.
This not only translates to the recycling of 300,000 PET bottles but also marks a remarkable reduction of over 100 tonnes of carbon emissions and the recycling of 6000 kilograms of plastic bottles.