In an era where environmental sustainability is paramount, Ukhi, a Faridabad-based biomaterials startup, is making significant strides in revolutionizing the packaging industry. Founded in 2019 by Priyanka Chauhan, Vishal Vivek, and Sundeep Kumar Tyagi, Ukhi specializes in creating biodegradable materials from agricultural residues, offering eco-friendly alternatives to traditional plastics.
Founding Visionaries
Vishal Vivek, serving as the Chief Executive Officer, brings over 14 years of global entrepreneurial experience in e-commerce and digital marketing. His leadership is complemented by Sundeep Kumar Tyagi, the Chief Operating Officer, who holds a B.Tech in Chemicals and Plastic Technology and boasts over three decades of experience in the chemicals, polymer, and packaging industries. Priyanka Chauhan, the Chief Happiness Officer, manages supply chain partnerships and customer relationships, ensuring seamless operations and client satisfaction.
Innovative Approach to Sustainability
Ukhi's core innovation lies in its patent-pending technology that transforms lignocellulosic agricultural waste into compostable materials. By utilizing residues from crops like hemp, nettle, and rice husk, the company not only addresses plastic pollution but also provides farmers with an additional income stream, thereby supporting rural economies.
Strategic Funding and Expansion
In November 2024, Ukhi secured $1.2 million in a pre-seed funding round led by 100Unicorns, with participation from Venture Catalysts and angel investor Avtar Monga, former COO of IDFC Bank. The Small Industries Development Bank of India (SIDBI) also contributed debt funding. This capital infusion is earmarked for scaling production capabilities, advancing research into sustainable materials, and establishing a global footprint for Ukhi's packaging solutions.
Impact and Future Prospects
Ukhi's sustainable packaging products cater to industries such as food and retail, aligning with the growing demand for eco-friendly solution By replacing traditional plastics with biodegradable alternatives, the company aids businesses in reducing their carbon footprints and adhering to environmental regulations. With operational bases in Haryana and Uttarakhand, Ukhi is well-positioned to expand its influence both domestically and internationally, contributing significantly to the global movement towards sustainable packaging.
Source: BW Disrupt