Pune-Based Menstrual Hygiene Management Startup ‘PadCare Labs’ Raises Pre-Seed Funding
PadCare Labs, a Pune-based menstrual hygiene management startup, has raised an undisclosed amount in its pre-seed funding round from tech startup incubator Venture Center under BIRAC’s LEAP Fund.
As per the official statement, the startup will use the funds to grow capabilities in R&D, team expansion, manufacturing, operations, and expanding the market footprint.
Started by Ajinkya Dhariya in 2018, PadCare Labs provides menstrual waste management services.
PadCare Labs has associations with Toilet Board Coalition, Tata Trust, Unlimited India, CIIE, MSINS, Dassault Systems, and Pune International Center and has also received product development grants from central and state government schemes.
Talking about the funding, Ajinkya Dhariya, Founder and CEO of PadCare Labs, said,
“In 2018, from recycling a single pad to now having a facility with a recycling capacity of about 1500 of pads per day, our mission-oriented team is helping to enhance hygiene standards globally through its state-of-the-art technology-based products. Through our efforts, we aim to provide end-to-end MHM solutions to B2B enterprises using our subscription-based business model. With the current round of funding, we are looking forward to taking PadCare from pilot demonstration to commercialisation.”
PadCare Labs also won the Villgro-FPAI Innovation Challenge and has been awarded cash prizes of around Rs 3.5 lakhs, earlier this month.
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