Bambrew raises Rs 90 crore

New Delhi, Jul 1 (PTI) Sustainable packaging solutions company Bambrew has raised Rs 90 crore in a funding round from Essel Propack's former MD Ashok Goel and Japanese venture capital firm Enrission India Capital.

The Bengaluru-based firm plans to use the fresh capital towards research & development, manufacturing expansion, product portfolio diversification to serve fast-moving sectors such as quick commerce and personal care, and geographic expansion - starting with the Middle East and North America regions.

The company is targeting profitability and a revenue of Rs 120 crore within the next 12 months, it said in a statement on Tuesday. PTI ANK ANK SHW