Yantra Packs raises US$1.44M for reusable packaging expansion

INDIA – Yantra Packs, an asset-pooling and reusable packaging startup for industrial supply chains, has raised Rs 12 crore (US$1.44 million) in seed funding from Caret Capital to expand operations across India and strengthen its technology platform.

The Gurugram-based startup, founded in 2020 by Vipin Battu and Karan Saharan, provides reusable pallets, crates, containers and other returnable transport items to businesses through rental and pooling models. 

The funding will be used to expand operations across India, strengthen technology capabilities and increase the company’s pool of reusable packaging assets. 

Technology Platform and Operational Scale

Yantra Packs operates Trakkia, a technology platform designed to track assets as they move between plants, suppliers and logistics providers, providing supply-chain visibility and helping customers improve asset utilisation and operational efficiency. 

The startup has more than 30 enterprise customers and about 250,000 containers in active circulation across eight warehouses. 

Co-founder and COO Vipin Battu stated that thousands of assets move simultaneously across plants, suppliers and logistics intermediaries, with each generating data that needs to be sequenced, reconciled and acted on in real time, which is why the company built Trakkia. 

The model allows businesses to replace expendable packaging with reusable alternatives without having to own and manage large pools of packaging assets.

Investor Support and Environmental Impact

Prajakt Raut, partner at Caret Capital, stated that businesses such as Yantra Packs could play a role in improving the profitability and competitiveness of India’s manufacturing sector, adding that the company aligns closely with Caret’s mission to reduce 10 million metric tonnes of carbon emissions. 

Sharat Goyal, CEO of Impact Infracap, noted that its association with Yantra Packs had involved providing capital as well as working with management on strategy, governance and decision-making, adding that with this fundraise, the company is excited to see Yantra Packs enter its next phase of growth. 

The reusable packaging model helps customers reduce costs, improve reliability and cut greenhouse gas emissions without changing how their supply chains operate. 

Co-founder and CEO Karan Saharan stated that through reusable packaging, the company enables customers to reduce costs, improve reliability and cut GHG emissions without changing how their supply chains operate.

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