Amwoodo raises $4 million from Rainmatter, others

Nithin Kamath-backed Amwoodo, a Kolkata-based sustainable startup, has raised $4 million or about Rs 35 crore from multiple investors such as Adventz and Caspian as it looks to double its revenue this year.

Kamath’s Rainmatter has put in $2 million while Adventz, Caspian and Singapore’s ThinKuvate have invested $2 million between them, Amwoodo founder and chief executive Agni Mitra told ET.

The Kolkata-based firm, a producer of bamboo-based alternatives to single-use plastics, is looking to double its revenue to about Rs 100 crore this financial year…