Pakka Limited has raised equity
Pakka Limited has successfully completed a fundraising. These funds will accelerate the expansion of production capabilities, boost research and development and scale operations to meet the growing market demand for sustainable solutions. The equity raised will also play a key role in Pakka Limited’s mission to combat single-use plastics in food packaging and drive the adoption of eco-friendly, compostable packaging paper.
Pakka Limited is one of India’s largest manufacturers of regenerative packaging, including compostable molded tableware products for food carry solutions. This sustainable packaging is made from agricultural residue, with 90% of the raw materials sourced locally from agricultural waste. The company’s manufacturing facility in Uttar Pradesh employs over 450 people and operates three paper machines, with a combined production capacity of 39,100 MTPA.
Oaklins’ team in India advised Pakka Limited on raising equity to fund one of the largest brownfield expansion projects in the company’s history.
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