New Delhi, Aug. 27 -- IIT Kanpur backs Phool.co, a biomaterial startup. The startup today announced that it has raised US$1.4 Million in a pre-Series A funding round. The funding round was led by IAN Fund and San Francisco based, Draper Richards Kaplan Foundation.

About Phool.co

Ankit Agarwal and Prateek Kumar found Phool.co in July 2017. It is an innovative startup that focuses on the circular economy of converting floral waste into Charcoal free Luxury incense products. It has recently also developed "Fleather" using their flower cycling technology. Fleather is a viable alternative to Animal leather. For this, PETA recently awarded it the Best Innovation in Vegan World Award.

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