PadCare Labs got $3 million in a pre-Series A funding round. Rainmatter led the round, and 3one4 Capital, Brigade REAP, and PKRBCV Shroff Trust also put money in. Some earlier investors, Lavni Ventures and 3i Partners, also participated. EXIM Bank and ICICI Bank offered debt support. This funding, which is a mix of equity and debt, shows that PadCare’s way of doing things—focusing on following the rules and being able to grow in India’s fast-growing sustainability scene—is a good one.
Ajinkya Dhariya started PadCare Labs in 2018. It works where environmental stuff, tech, and businesses that want to make a difference meet. As more and more Indian D2C companies talk about being sustainable, PadCare has become a key player in recycling used sanitary waste. This is something that hasn’t been given enough attention but is very important for public health, keeping cities clean, and making the economy circular. The company has created special tech to recycle used sanitary waste in a safe, compliant, and big way, which fits with both what the government wants and what companies want to achieve with sustainability.
The $3 million will be used to increase PadCare’s recycling ability to 2,000 metric tons each year by March 2027. The company also wants to grow in Bengaluru and Delhi NCR, as well as get better leaders and workers. Lots of money is going to companies with solid operations and good long-term plans.
PadCare is currently in 24 Indian cities, managing over 2,000 sites and serving over 685 businesses, factories, and homes. This puts them among the more experienced companies in the news, especially when it comes to sustainability and climate efforts. PadCare says it has been making a profit for the last two years, with good profit margins, which makes investors believe in them.
Besides recycling, PadCare is getting ready to launch PadCare Orbit, an app for housing societies to handle sanitary waste more easily. This is a move toward reaching consumers directly, which is a trend in India where companies are adding digital products to get people to adopt sustainable habits. The company also plans to expand in the APAC region, becoming a big sustainability platform beyond India.
PadCare is also making new products. With Rebirth, its line of recycled stationery and paper, the company is showing how turning waste into value can create successful product launches while also supporting the idea of a circular economy. This mix of operations, tech, and products shows the next step for companies, where making an impact, being profitable, and growing are all possible.
As the market in 2025 is looking for businesses that fix real problems with clear results, PadCare Labs is a good example of how sustainable brands can grow responsibly. With the support of Rainmatter and other investors, good profit margins, and big expansion plans, PadCare is in a good spot to be a key player in India’s waste management and sustainability scene.
