Imaga Trade and Craft, operating under the brand name Bumboo, has raised its first round of angel funding from industry leaders for an undisclosed amount.
The round saw participation from Rohan Bhargava (Co-founder of CashKaro), Saurabh Gupta (CEO and co-founder of UrbanPiper), Shashank Bijapur (Founder of SpotDraft), Rajneil Kamath (Former Google and NC Media), Harikrishnan M (DMart), Sridhar V (Microsoft), and Rajat Jain (Think Wealth).
The proceeds will be used to fuel Bumboo's expansion in Indian and global markets. The company claims to have served over 3,500 businesses including prominent names like Zomato, Swiggy, ITC, Blue Tokai, Curefoods, Chaayos, and Barbeque Nation.
Founded in 2019 by Anirudh Balakrishnan (Bala), Rohit Keshan, and Praveen Kumar, Bumboo transforms agricultural waste like sugarcane bagasse and wheat straw into sustainable packaging solutions. This approach addresses both waste management and air pollution challenges, particularly relevant in cities like Delhi where crop burning significantly impacts air quality.
Based in New Delhi and presence in Bengaluru and Mumbai, Bumboo offers more than 50 plastic alternatives specifically designed for the food service industry, catering to the rapidly growing cloud kitchen and food delivery market.
