Phool.co raised 10 cr in Pre-Series A from led by IAN Fund

IIT Kanpur-backed biomaterial startup Phool.co raised $1.4 million (around Rs 10 crore) in pre-series A led by IAN Fund and San Francisco-based Draper Richards Kaplan Foundation

Phool.co focuses on circular economy converting floral waste into charcoal free luxury incense products. "Innovative solutions for the sustainable development of the community is the need of the hour. Phool.co's circular economy model brings triple bottom benefits of environmental, social, and financial sustainability," IAN Fund Founding Partner Padmaja Ruparel said.