Beyond Seed led a seed fundraising round for sustainable apparel business Unirec, which earned Rs 1.5 crore. The funds will be utilised to extend the brand’s market as well as to develop novel and sustainable textiles.
Kapil Bhatia, CEO and Founder of Unirec states in a statement about the fundraising, “Our immediate goal, fueled by this capital round is to produce and market 25,000 clothes each month, thereby to make sure the positive environmental effect achieved in the last 18 months continues every month.”
Additionally, he said, “The company has produced around 40,000 clothing in the last 18 months utilizing recycled PET bottles.”
Unirec, which was founded in 2021, sells via its own direct-to-customer online shopping shop as well as multi-brand online stores like Flipkart and Amazon.
