Paptech Corp, a distributor in the packaging boards industry, announced its successful debt fundraising of $1 million from banks and financial institutions.
The raised funds, a mix of secured and unsecured debt, will be used to support the company’s working capital needs, ensuring smooth operations and expansion capabilities.
This round marks the beginning of a larger effort by Paptech Corp to revolutionize its supply chain by sourcing materials from international markets.
The current fundraising serves as a launchpad for Paptech Corp, with plans underway to secure additional debt and Letter of Credit (LC) facilities from international banks.
“As part of our ongoing strategy to scale our operations, this debt financing will allow us to streamline our supply chain while continuing to provide high-quality products to our clients. Debt funding is not only a more cost-effective option compared to equity funding, but it also enables us to maintain financial agility as we expand,” said Rushabh Savla, the Founder of Paptech Corp Pvt. Ltd.
“We have been profitable since day one, and we are poised to double both our top and bottom lines in the next year. Our foray into international markets with imports as well as exports is key to that strategy,” the Founder added.
In addition to its financial growth, Paptech has developed a strong partnership with Asia Pulp & Paper (APP), a paper mill. The relationship positions Paptech as one of the few distributors of APP’s packaging boards in India, enabling the company to provide high-quality materials to its clients in the packaging sector.
