MUMBAI: In a powerful step towards advancing sustainable innovation, billionaire industrialists and philanthropists Yohan and Michelle Poonawalla have announced their investment in Tamil Nadu based start-up Regeno, a next-generation material science company creating fully biodegradable, water-soluble, and non-toxic packaging solutions.
Through this partnership, Poonawalla Group marks one of its most significant entries into the sustainability and green-technology space.
Regeno stands at the forefront of the global bioplastics revolution — an industry valued at $11.6 billion in 2023 and projected to reach $31.1 billion by 2033, growing at a 10.5 per cent CAGR, with the Asia-Pacific region leading adoption.
With packaging contributing to over 60 per cent of total bioplastics demand, Regeno’s solutions are positioned to replace conventional 500-year-old plastics, Regeno’s materials are 100 per cent biodegradable.