Fibmold, founded in October 2022 by Param Gandhi and Vaibhav Garg, produces molded-fiber packaging that functions similarly to rigid plastics. It manufactures products from natural fibers such as bamboo, bagasse, husk, wheat straw, or waste paper depending on the final application. The company's packaging is positioned as an environmentally friendly alternative to single-use plastics. Fibmold aims to enable companies to move away from single-use plastics by supplying these molded-fiber products. The startup recently raised $10 million in a new funding round led by Omnivore and Accel. The article notes Cirkla as a main rival in India; Cirkla previously raised $3 million.

Total raised

$10M

Funding rounds

1

Latest round

Equity

Latest activity

Dec 2023