EF Polymer, a Udaipur, India-based startup developing 100% organic absorbent polymers, raised USD 6.6M in the first close of its Series B funding.
Backers were not disclosed.
The company intends to use the funds to accelerate R&D, expand business development activities, and establish a new overseas manufacturing facility.
Led by CEO and Founder Narayan Gurjar, EF Polymer is a startup focused on creating 100% organic super absorbent polymers (SAP) made from orange peels. Its product is designed to benefit farmers and reduce production costs, particularly in water and fertilizer usage, while boosting crop yields.
EF Polymer will prioritize R&D efforts across the following areas:
- Raw material innovation: Diversifying sources beyond orange and banana peel.
- Circular manufacturing: Building a closed-loop, sustainable production model.
- Scaling production: Pilot and implementation of multi-site manufacturing.
- New product development: Expanding polymer applications outside agriculture.
Since launching sales in India in 2020, the company has delivered products to farmers across Japan, the U.S., and France, achieving over 400 tons in cumulative sales by 2025.
FinSMEs
16/04/2025