Econovus Packaging Raises ₹40 Crore to Expand Sustainable Industrial Packaging Business
Pune-based industrial packaging startup Econovus Packaging has raised ₹40 crore (approximately $4.2 million) in its maiden institutional funding round. The pre-Series A round was led by Rainmatter by Zerodha, with participation from Rockstud Capital.
The fresh capital will be used to strengthen the company’s presence in high-growth sectors, including automotive, lithium-ion batteries, solar infrastructure, steel, and defence.
Founded in 2019 by Ramesh Prasad, Econovus provides customized industrial packaging and design solutions. The company develops packaging systems using engineered materials, proprietary technologies, space optimization, and a design-to-cost approach aimed at reducing packaging expenses and carbon emissions for manufacturers.
Its product portfolio includes packaging solutions for lithium-ion batteries, automotive components, heavy-duty export shipments, and returnable and expendable packaging applications.
According to the company, its solutions help improve container utilization, lower logistics costs, and reduce the carbon footprint of supply chains across various industries.
Commenting on the funding, Managing Director Ramesh Prasad said that India’s manufacturing sector will increasingly require packaging solutions that are engineered, digital, and sustainable. He added that Econovus has built strong design, engineering, and manufacturing capabilities to deliver packaging solutions that reduce both costs and environmental impact.
The investment comes at a time when India’s engineering exports are witnessing strong growth. Engineering exports reached a record $122.4 billion in FY26, accounting for nearly 28% of the country’s total merchandise exports.
With global industrial supply chains continuing to expand, demand for sustainable industrial packaging solutions is expected to grow, creating new opportunities for companies like Econovus.
