![]() ![]() It buys dry waste from individuals and small organizations, and charges for the collection of wet waste from big business giants like Philips and Mobikwik according to a rate list and quantity, and sells it to the recyclers. ExtraCarbon follows a very interesting business model. In 2016, we received 30 million (300 lacs) from different angel investors, including Bennett and Coleman," tells Joshi. "Year after year we received funding from angel investors, so money has never been an issue. And since then, there has been no stopping. For a successful waste management system, we also need to consider our garbage and trash as material that could be re-used." ExtraCarbon, a vertical of Greentooth Technologies, raised its first fund in 2011 from family friends. They always called it "material' management. "I remember they never called it waste management. When Gaurav Joshi, Founder of Greentooth Technology (ExtraCarbon) was in UK, he realized people were far more aware and environment conscious there. Waste management is the by-product of generating too much waste to be accommodated by a country. And of course, incinerating waste is not a solution," opines Jha. "It's good to monetize on the waste, but our focus should also be on keeping our surroundings clean. While talking about the waste management sector, environmentalist and founder of Swechha (an NGO) also pointed out similar concerns. It can be a profitable model, if we keep them on our payroll, generating employment and cleaning the city as well," adds Banerjee. "Approximately 12 million people live in Mumbai and more than 150,000 people work only in the solid waste management industry. We did our in-depth research in those two years, engaged with the informal sector, talked to various NGOs and collected as much information as possible." According to World Health Organisation, in every city in a developing country, one-two per cent of the population works in the solid waste management sector. Unlike end-to-end buy and sell model, Sampurn(e) arth Environment Solutions is working with the informal sector such as scrap-dealers and rag-pickers.ĭebartha Banerjee, Co-founder of Sampurn(e)arth recalls, "I, along with three of my batch-mates, had decided to do a business around this sector when we were pursuing our Master's degree together in social entrepreneurship. "We took the waste paper to a mill where it would be recycled and then we again sell it to our client That is how the loop closes," said Vivek Mehta, Co-founder of Jaagruti. So I thought why don't I recycle paper and manufacture finished stationary to sell."įor Mehta, the idea was always to re-use, if that's a possibility. Vivek Mehta, Co-founder of Jaagruti, says, "As an environment conscious individual, I hated paper wastage that happened rampantly at the office where I was working previously. Similar business model is followed by Jaagruti, a company that solely deals in paper recycling and management. "Very few companies in India give you end-to-end waste management solution by collecting your waste, recycling it and give you finished goods. It's a simple model to follow wherein they collect waste material from these organizations and then get it recycled into stationary and products that could be gifted to the employees or used by the company itself. After several meetings and multiple proposals, it took Coca Cola a year to seal the deal with us," chuckles Sharma. "It was very challenging but interesting. For every business, tapping on the right client is a major hassle. The challenge was who to hire." This packaging waste management company facilitates recycling of waste material such as PET bottles, scrap and paper from companies like Coca Cola, Bisleri, Pepsi, Google etc. He recalls, "The challenge was not how to operate as we already had a plan in place. Getting into a business with an unknown market was a difficult task for Sharma. The more the garbage, the better is our profit," says Sachin Sharma, CEO of Gem Enviro Management. Want to know what's in the waste for us? Let's do some "trash-talk'! Changing the dictionary meaning, these business enthusiasts are capitalizing on our trash and we still think our waste is going to the Bermuda triangle, never to return. Cut the crap! What bullshit! What a waste! If only we could use these phrases in a positive context. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |