Biobased sanitary pads startup add Ayurveda investor

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In India, biodegradable sanitary pad startup Carmesis has raised Rs. 3.44 cr ($500,000) in a pre-series A funding.

The round included investment from Samrath Bedi, Managing Director, Forest Essentials—an Ayurveda beauty brand—and existing investors Satveer Thakral from the Thakral Group, Mahesh Patel, Rohit Reddy, and Samir Saran.

The money will be used to increase marketing and strengthen distribution for Carmesis’s product, menstrual pads made from corn starch and bamboo fiber. The company already has 50,000 customers and demand is increasing 25% per month.