/Companies

Craste

Techstars '19

Pune, IN · 13 employees on LinkedIn · 1 known investors

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Detlev Biniszkiewiczunlockedknows Himansha Singh · together at AstraZeneca (overlapped)
×3knows the team · via AstraZeneca
×3knows the team · via Cambridge Judge Business School
knows the team · via The University of Manchester
×4knows the team · via Indian Institute of Science (IISc)

Craste manufactures green building materials, eco-friendly paper, and packaging products from agricultural crop residue using patented circular fiber technology. The company serves architects, designers, and businesses seeking sustainable alternatives to traditional materials in India and globally.

Also known as Fuma Labs · FUMA Labs Private Limited

Founders & leadership

HSHimansha Singh
Himansha SinghCo-FounderHimansha Singh grew up in Morena, Madhya Pradesh, and earned a scholarship to the University of Cambridge before returning to India to co-found Craste, a company developing patented technologies to convert agricultural crop residue into sustainable engineered boards and packaging materials.

Investors · 1

Techstarslisted by TechstarsBoulder · $220K

How we know: the Techstars portfolio · open dataset · Top 3000 Accelerator Startups (no YC) 2026-08 · Not right? Tell us

Company profile

researched Sep 2026

Craste is a Pune-based materials company that collects agricultural crop residue from local farms and converts it into building and interior panels, pulp, paper, moulded packaging and tableware. Its board products, marketed as Craste Boards and made with a patented FuMa (Futuristic Materials) technology, are produced entirely from crop stubble and are offered as No Added Formaldehyde (NAF) grade panels in thicknesses of 4mm to 25mm and densities of 450-900, with claimed non-flammability and moisture and termite resistance. Product lines include Sogasu Textured boards, which retain the natural texture and colour of the crop residue, a lighter Sogasu Textured Speciality board, and smooth Craste Plus boards intended for any finish. Target applications span hospitals and clinics, homes, kitchens, schools, furniture and workspaces.

On the paper and packaging side, Craste uses a patented circular fibre process that it describes as producing zero effluent waste with minimal water use and low carbon emissions, with by-products usable in other industries. The resulting agri pulp is used for paper, moulded packaging, tableware, cutlery and agri-based toys, with feedstock lines based on barley, wheat, millet and rice. The company also runs research labs offering R&D services to industries moving away from plastic, and has developed a patent-pending technology called Fumasolv to extract lignin from crop residue for packaging applications.

The company positions its work against three stated problems: the roughly 100 million tonnes of crop residue burnt annually in India, rising global timber demand and associated deforestation, and formaldehyde emissions from conventional MDF and plywood. It also states that its model raises farmer income.

Founding story

Co-founder Shubham Singh studied chemical engineering, worked in a corporate role, then completed a postgraduate degree and an entrepreneurship course at Imperial College London. While reading about Delhi's air pollution and stubble burning in the Imperial College library, and with existing research interests in biomass, he began exploring uses for crop waste instead of burning. Research showed farmers burned residue because clearing machinery was expensive and manual clearing slow. Learning that India is among the largest importers of timber led him to the idea of recycling crop waste into engineered boards for furniture. He co-founded the venture with his sibling Himansha Singh.

Business model

Craste operates a B2B model, buying crop residue from farmers (reported at Rs 6 per kg) and processing it into engineered boards, pulp, paper, moulded packaging and tableware sold to businesses. Alongside product sales it offers R&D services, developing custom packaging solutions for corporate clients seeking to replace plastic or wood-based inputs. Long-term plans described in 2021 included scaling through a franchise model.

Revenue comes from B2B sales of engineered boards, pulp, paper, moulded packaging, tableware and related products, plus R&D and custom product development services for corporate clients.

Traction

The company reports 80 tonnes of crop waste converted and around 100,000 products produced. It has worked with Anheuser-Busch (global and India teams) and Stanley Black & Decker on custom packaging, received about $250,000 in grants by 2021 including BIRAC SOCH, Biotech Ignition Grant, AB InBev and a RAFTAAR scheme grant, and won the Millennium Alliance Award. A client testimonial describes use of Craste Boards for soundproofing and panelling in a boardroom project.

Latest developments

The company markets Craste Boards under the patented FuMa technology in multiple textures and grades, certified as No Added Formaldehyde, and reports 80 tonnes of waste converted and about 100,000 products produced. Packaging work referenced includes barley-stalk packaging associated with Corona beer, agri-pulp cutlery and tableware, and agri-based toys.

▸Full profile — market position, technology, go-to-market, geography, history

Market position

Craste operates in India's particle board and sustainable packaging markets; a Mordor Intelligence report cited in 2021 valued the Indian particle board market at over $720 million in 2020 with expected growth above 11.5% CAGR through 2026, with established players including CenturyPly, Green Land Particle Board and Archidply Industries. Craste is classified as an early-stage clean tech company.

Craste's boards are made from 100% crop stubble rather than husk or plastic, are formaldehyde-free (NAF grade), and are produced with a patented FuMa process described as adaptable to different crop residues across seasons and regions. Its pulp and paper process uses a patented circular fibre technology with zero effluent discharge, minimal water use and re-usable by-products, in contrast to conventional papermaking. The company also cites food-grade packaging output and in-house R&D capability for custom client formulations.

Technology

Patented FuMa (Futuristic Materials) technology converts 100% crop stubble into high-performance panels without added formaldehyde, in thicknesses of 4-25mm and densities of 450-900, with claimed non-flammability and moisture and termite resistance. A patented circular fibre process produces agri pulp for paper, moulded packaging and tableware with zero effluent waste, minimal water use and low emissions, with by-products usable elsewhere. The company also developed Fumasolv, a patent-pending technology to extract lignin from crop residue for packaging applications, and uses a formaldehyde-free adhesive in its straw panel boards.

Go-to-market

Craste sells directly to businesses and to the interiors and furniture trade, offering sample orders, customised panel enquiries and an online shop, and supplies customised packaging developed through its R&D labs for corporate clients. Visibility has come through accelerators, incubators, grant programmes and awards, and through project references from interior fit-out firms.

Businesses and institutional buyers including interior fit-out and furniture makers, hospitals and clinics, schools, kitchens and workspaces, plus corporate packaging clients such as beverage and tool manufacturers seeking plastic and wood alternatives.

Geography

Headquartered in Pune, Maharashtra, India, sourcing crop residue from local farms and framing its mission around India's net zero carbon goal. A pilot unit was planned with partner Punjab Agriculture Unit, Ludhiana. As of 2021 the company reported inbound interest from Africa, Europe and the US and intentions for global expansion.

History

The company, operating under the legal name FUMA Labs Private Limited, was reported as founded in 2018 by siblings Shubham Singh and Himansha Singh in Pune, with other profiles listing founding years of 2017 and 2019. It was incubated at Venture Center and at COEP's Bhau Institute, and took part in the Stanley Techstars Accelerator. Supporters listed include TISS, Accelerator 100+, BIRAC, Stanley Accelerator, AB InBev, MassChallenge, Pune International Centre, Techstars and Swissnex. By 2021 it had accumulated roughly $250,000 in grants, was operating with corporate partners on custom packaging, and was planning a fundraise and an R&D centre. It has since commercialised branded product lines including Craste Boards (Sogasu Textured, Sogasu Textured Speciality and Craste Plus) and agri-pulp paper and packaging.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Additional income to farmersJan 202540%
CO2 captured per cubic metre of FuMa boardJan 2025860 kg/m3
Crop waste convertedJan 202580 tonnes
Employee countJan 202513 employees
Expected CO2 reduction per 8ft x 4ft, 18mm panelJan 202130 kg
Grant funding received to dateAug 2021$250K
HeadcountAug 202613
Price paid to farmers for agricultural wasteAug 2021Rs 6 per kg
Products producedJan 2025100,000 products

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 1

by search overlap

Companies competing with Craste for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 4

launches, deals, and filings
Jan 2021
Grants received totalling about $250K

Craste reported receiving approximately $250,000 in grants to date, including the BIRAC SOCH Award, the Biotech Ignition Grant (BIRAC), an AB InBev grant, and a central government grant under the RAFTAAR scheme with partner Punjab Agriculture Unit, Ludhiana, to set up a pilot unit.

$250K source ↗

Jan 2021
Participation in Stanley Techstars Accelerator

Craste received funding through the Stanley Techstars Accelerator; Techstars and Stanley Black & Decker are listed among its investors.

source ↗

Jan 2021
Custom packaging development with Anheuser-Busch and Stanley Black & Decker

Craste worked with Anheuser-Busch (global and India teams) and Stanley Black & Decker on developing custom packaging solutions.

source ↗

Jan 2020
Millennium Alliance Award

Craste received the Millennium Alliance Award.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

▸Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Craste do?
Pune-based Craste converts crop residue into formaldehyde-free building boards, pulp, paper and packaging.
Who founded Craste?
Craste was founded by Himansha Singh.
Who are Craste's investors?
Craste's investors include Techstars.
Where is Craste headquartered?
Craste is headquartered in Pune, IN.