Pallavi Luharuka, founder of Bhavisya Plast, has developed a biodegradable plastic made from agricultural waste. The heat- and water-resistant material has applications across multiple industries, including lubricants and paints.
Accidental Innovation with Big Potential
The breakthrough came unexpectedly during a Jadavpur University project aimed at converting waste rice into ethanol. This same waste now serves as the raw material for her patented bioplastic.
Major Partnerships and Market Expansion
Bhavisya Plast has already secured deals with industry giants like Maruti Suzuki and Berger Paints. Its cost-effective solutions position it as a game-changer in the plastic and coatings market.
Winning Big on Shark Tank India
Pallavi entered Shark Tank India seeking Rs 50 lakh for 1.5% equity, valuing her startup at Rs 30 crore. Impressed by her innovation, multiple investors fought to invest, calling it a rare and “earth-shattering” breakthrough.
Securing 4X the Investment
After intense bidding, Pallavi secured Rs 2 crore for 10% equity—four times her original ask. With this funding, Bhavisya Plast is poised for rapid growth, reinforcing its mission to revolutionize sustainable materials.
