Banofi turns banana waste into leather alternative, hits Rs 1.63 Cr revenue after 150+ brand pilots
West Bengal climate-tech startup Banofi converts banana stem waste into sustainable leather for fashion, lifestyle, and automotive brands. Backed by $1.14M in funding and sourcing from 100+ farmers, it has run 150+ brand pilots and drawn interest from names like Mercedes-Benz.
Banofi, a West Bengal-based climate-tech startup, converts banana stem waste into sustainable leather alternative for fashion, lifestyle, and automotive brands. It has piloted with 150+ brands, earned Rs 1.63 crore revenue, and raised $1.14 million.
Why this matters
Banofi's move from pilot phase to Rs 1.63 Cr revenue and $1.14M funding signals traction in sustainable materials, with automotive interest from Mercedes-Benz broadening beyond fashion applications.
Retail-brand signals accelerating at +296100% QoQ.