Hamburg-based tech startup BIO-LUTIONS International AG, which is basically a manufacturer of ecological packaging and disposable tableware made from agricultural residues has announced recently that they have secured €8.3M funding. The key investors were Delivery Hero SE and the KfW subsidiary DEG.
How will they use the new funding?
Recently the company has also established a production plant in India. The German company claims that it has seen a surge in demand for its sustainable products, including the interest of large global retailers.