Monday
January 25
2021

Rising From the Ashes to Figure Out the Business of Dry Waste

By Sumit Chakraberty

Ahmedabad-based Nepra handles more than 500 tonnes of dry waste a day, making it the largest player in this space. It is also the highest funded waste management startup in India, with over $36 million in funding, according to data from Tracxn

Sandeep Patel recalls a huge fire in his dry waste handling plant in Ahmedabad that had almost put his fledgling star-tup out of business in 2013. “I lost more than half of my first round of funding within four months of raising it,” he says wryly.

But, just like the resurgence of the Indian cricket team in Australia after the debacle of getting all out for 36, Patel picked himself up and fought back. Today, Ahmedabad-based Nepra handles more than 500 tonnes of dry waste a day, making it the largest player in this space. It is also the highest funded waste management startup in India, with over $36 million in funding, according to data from Tracxn. That includes a recent series C round of $18 million led by Singapore-based Circulate Capital with participation from Indian impact investors Aavishkaar Capital and Asha Impact.

Source: Live Mint (link opens in a new window)

Categories
Environment
Tags
capital, entrepreneurs, environment, funding, startups, waste