Sanitary waste recycler PadCare Labs raises $3 million from Nithin Kamath’s Rainmatter, others

PadCare Labs, a sanitary waste recycling startup, has raised $3 million in a round led by Rainmatter, cofounded by Nithin Kamath. The funding, a mix of equity and debt, will help expand recycling capacity and operations across Bengaluru and Delhi NCR. Founder Ajinkya Dhariya said the capital will also support exploring APAC markets, starting with Singapore.