KuberGrow Team Bollywood superstars Aamir Khan, Ranbir Kapoor, and filmmaker Karan Johar have invested in the pre-IPO funding round of Xolopak India, a Pune-based company specializing in sustainable disposable packaging. The investment round also saw participation from Russell Mehta, owner of Rosy Blue India and father-in-law of Akash Ambani, who picked up a minority stake in the firm.
Xolopak India, known for its organic disposable cutlery, ice cream sticks, and spoon products, has not disclosed the exact investment amounts made by the celebrity backers. However, the round witnessed a strong response from multiple investors, including Devanathan Govindarajan of Riverstone Capital, Minerva Ventures Fund, Nexta Enterprises LLP, NVS Corporate Consultancy Services, Opus Software Solutions, Sarod Realty, Feroz Farms and Holdings, and Viney Equity Market LLP.
The company recently filed its Draft Red Herring Prospectus (DRHP) with NSE Emerge in preparation for its upcoming initial public offering (IPO). The IPO will consist of a fresh issue of up to 52.86 lakh equity shares, each with a face value of ₹10. Beeline Capital Advisors has been appointed as the sole book-running lead manager for the offering.
Xolopak India has demonstrated impressive financial growth, reporting a profit after tax (PAT) of ₹6.36 crore in FY24, a significant rise from ₹3.48 crore in the previous fiscal. The company’s revenue from operations also saw a remarkable threefold increase, reaching ₹31.47 crore in FY24 compared to ₹11.87 crore in the preceding year.
With growing investor confidence and the backing of prominent Bollywood figures, Xolopak India is positioning itself as a key player in the sustainable packaging sector, reinforcing its commitment to eco-friendly solutions in the industry.
