Banofi raises $1.14M to scale banana-waste leather alternative from West Bengal
Kolkata-based climate-tech startup Banofi turns banana stem waste into leather substitutes for fashion, lifestyle and automotive brands. It has piloted with 150+ brands, sourced from 100+ farmers, and posted Rs 1.63 crore revenue in FY25 with a 16-person team.
Banofi, a West Bengal climate-tech startup, converts banana stem waste into leather alternatives for fashion, lifestyle and automotive brands. It has piloted with 150+ brands, raised $1.14M, and reported Rs 1.63 crore revenue in FY25.
Why this matters
Banofi's raise builds on early traction: 150+ brand pilots, 100+ farmer suppliers and Rs 1.63 crore FY25 revenue, positioning the Kolkata climate-tech startup to scale banana-waste leather beyond pilots.
Retail-company signals accelerating at +773,200% QoQ.
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