Pluss Polymers has raised Rs 15 crore in venture capital funding from Tata Capital Innovations Fund, a domestic fund managed by Tata Capital.
The capital has been raised as equity to assist the company in its research, development and manufacturing initiatives, the company said in a statement.
“Investment from Tata Capital Innovations Fund will help us in expanding capacity and tap new geographies. We have seen increased demand from international and domestic clients in the recent past. We at Pluss intend to further develop and roll out new products through additional funds received,” said Samit Jain, Director, Pluss Polymers.
Pluss Polymers conducts research, development and manufacturing of specialised polymers and phase change materials.