Asia Business Outlook
  • Education
  • Marketing
  • Manufacturing
  • Finance
  • HR & Legal
  • Services
  • Asia Startups
  • Special
  • Home
  • News
  • Treatise
  • Industry Experts
  • Magazines
  • Conferences
  • Newsletter

What Are You Looking For?

  • Home
  • News
  • Treatise
  • Industry Experts
  • Magazines
    • Education
    • Marketing
    • Manufacturing
    • Finance
    • HR & Legal
    • Services
    • Asia Startups
    • Special
  • Conferences
  • About Us

Sign Up for Newsletter

×

Subscribe to our newsletter and Stay updated.

  • Home News

Green Startup Buyo Raises Capital in Pre-seed Funding By Alderban Capital

  • By: Asia Business Outlook Team | Friday, 12 May 2023
 Asia Business Outlook Team

Hanh Do believes this is the “golden time” to start a company to fight plastic pollution, which has become one of the biggest global crises.

“Governments around the world are issuing bans on single-use plastics and mandating a shift to bioplastics and recycled plastics,” she told. “Most major corporates are also phasing out plastics in their supply chains.”

Last year, Do left her corporate job to found Buyo, which aims to convert biowaste and plant-based materials into biodegradable plastics.

While most bioplastic firms use starch, Buyo said its proprietary tech converts biowaste from agriculture and food materials into bioplastic, which simultaneously helps eliminate greenhouse gas emissions and water contamination.

The startup has recently raised an undisclosed amount of pre-seed funding in a round led by Singapore-based family office Aldebaran Capital.

Do said the new funding will be used to build a pilot scale production site in Vietnam first before targeting markets in Europe and North America. The company has also filed a patent and is working to obtain international testing certificates.

Buyo said that its biodegradable plastics leave no traces in the environment. In contrast, it could take 500 years or more for plastic bags to be degraded in a landfill.

In the first stage, Buyo aims to supply the material to be used in flexible packaging such as edible food wrapping. Other applications in the cosmetic, medical, and textile industries are also in the pipeline.

The startup also plans to kick off its next fundraising round by the second quarter of 2024.

Read More News :

Asia Games 2023: India Secures Bronze in Boxing, China in Race to Secure Gold
Webtoon-like Startup in India Secures Capital from Sony Innovation Fund

Journals

  • V2WEB: Handholding Clients Through Their Entire Digital Transformation Journeys
  • Knowledge Meets Innovation In Asia
  • CorpelServe: A Full-Service Market Entry Company In India Committed To Helping The Overseas Companies To Establish, Grow & Expand Their Businesses In The Indian Market

Editor's Column

  • Avinash Barik, Assistant Editor, Asia Business Outlook

    Will Artificial Intelligence eventually...

  • Avinash Barik, Assistant Editor, Asia Business Outlook

    A Strategic Shift to Outmaneuver Uncertainty

  • Emmanuel Das, Editor, Asia Business Outlook

    Environmental Governance can be a Road to...

  • Emmanuel Christi Das, Editor

    About time we Turn our Heads to Asia

Industry Experts

  • Tharun Lognathan,<br/> Head,<br/> Aquapharm Chemicals Pvt Ltd

    Fostering Cross-Functional Alignment in Market...

    By: Tharun Lognathan,
    Head,
    Aquapharm...
  • Dashdamir Niftaliyev,<br/> Regional BDM,<br/> Solera,<br/> Inc.

    Emerging Tech and Innovation

    By: Dashdamir Niftaliyev,
    Regional BDM,
    ...
© 2023 Asia Business Outlook. All Rights Reserved
Subscribe | About Us