Waste Management Startup: Making Money From Waste

waste management startup

Don’t wait for the right opportunity: Create it!! This quote fits the waste management startups perfectly, which treats the waste as an opportunity and starts their journey from there and now making money from the waste. 

Waste management is the prevention, classification, checking, treatment, handling, reuse, and residual disposition of solid wastes. There are different kinds of solid waste, including municipal, agrarian, and exceptional like hazardous and household, and so on.

The concept was started by Waste Management Inc. in 1971. It is mostly situated in North America. The significant services incorporate the Waste, recyclables, yard trash, dangerous materials, treatment and removal, Dumpster rental, Portable toilet rental, and security services. In the present day, not only abroad, but India has many waste management startups.

Top 5 Waste Management Startup In India

We should take a look at some important statistics: Urban India (around 377 million population) produces 62 million tons of municipal solid waste every year, of which around 43 million tons (70%) is collected and 11.9 million tons (20%) is treated. Around 31 million tons are discarded in landfill areas, about half of the waste left untreated and poisonous.

While waste management is an important issue, it is additionally an open door of opportunity in India. As per a report published by the market surveying organization NOVONOUS, India’s waste management market will be worth US$ 13.62 billion by 2025, which indicates the success of waste management startup.

51-year-old Kriti Dixit from Delhi has been living with a mantra ‘my waste is my responsibility,’ She and her family have been rehearsing waste segregation for a long time. With the Swachh Bharat Mission focusing on more public-private partnerships with waste management startups and NGOs working in the field, the domestic industry is estimated to overgrow.

Here are some of the waste management startups to assist people to manage their waste scientifically and in the process of saving the planet from drowning in its own waste.

1. Namo E-Waste Mantra

NAMO ewaste

Waste management startup, Namo E-waste was founded in 2014 by Akshay Jain, a 28-year-old from New Delhi specializing in the waste management industry. It took nearly a year to do the logistics set up, and the operation of this startup began in August 2015.

The e-waste gathered by the organization is segregated, and usable gadgets are refurbished. These are then sold through online commercial centers and a sellers’ network. The waste that is of no use is broken to separate wares like copper, aluminum, iron, and so on sold to foundries.

Funded with Rs 2 crore investment—the significant amount was contributed by his dad, a sleeping partner in the venture—this waste management startup produced an income of Rs 4.4 crore in 2016-17.

2. GEM ENVIRO MANAGEMENT

Gem Enviro Management

Back in 2012, when Sachin Sharma, founder of GEM Enviro Management Pvt. Ltd was working with IFCI Venture Capital Funds, which had invested in a company called Ganesha Ecosphere that recycled PET bottles. At that time, he realized that Ganesha Ecosphere was facing a problem which collecting raw materials, which is the PET bottles for recycling. From here, the idea of starting a waste management startup comes.

Founded in 2013, this waste management startup collects pre- and post-consumer packaging waste from factories, offices, hotels, motels, and institutes. The waste collected is recycled into products such as caps, T-shirts, and bags.

Currently, GEM Enviro Management collects about 3,000 PET bottles in a month, and about 1,000 other types of plastic, including the packaging for chips and noodles.

3. ExtraCarbon

Extra Carbon

Gurgaon-based waste management startup, ExtraCarbon was started in the year 2013 by Gaurav Joshi and Anant Avinash. The motivation came from the UK’s resource management practice through waste management.

As of now, ExtraCarbon is purchasing 400 different things, both recyclable or reusable. That comprises old furniture, TV, cell phones, newspapers, and so on. Users can demand pickup by the website. If the user finds anything that isn’t on the list, they take at least two hours to quote the client.

This waste management startup is doing 100 daily pick-ups across 7 urban cities such as Noida, Ghaziabad, Delhi, Gurgaon, Lucknow, Ludhiana, and Patiala.

4. Saahas Zero Waste

SAAHS Zero Waste

Started as an NGO in 2001, waste management startup, Saahas has over the past decade evolved into a for-profit business under the brand name of Saahas Zero Waste. They have a simple policy – “send zero waste to landfill.”

Run by the 56-year old founder and CEO Wilma Rodriguez, this waste management startup emphasizes segregation at source. In servicing their clientele of MNCs, tech parks, and corporates, Saahas provides segregation aid, front-end services, training the staff, and making sure that the client is sending zero waste to the landfill.

The social enterprise has diverted more than 15,000 tonnes of waste from reaching landfills and at present keeps 25 tonnes of waste away from reaching dump yards daily.

5. SKRAP

skrap

To create a difference in waste management segment, Divya Ramachandran started a waste management startup, Skrap, in 2017, intending to help organizations, offices, gatherings, and events in Mumbai implement zero waste and eco-friendly solutions.

This way, theSkrap team has successfully organized over 40 waste-free events, including Bacardi NH7 Weekender – a music festival, Mahindra Blues Festival, YouTube Fan Fest 2018, and has worked with half a dozen offices and organizations like Insider.in and MiQ.

Skrap works with organizations, offices, gatherings, and Mumbai events and helps them implement zero waste and eco-friendly solutions. The sole aim of this waste management startup is to reduce waste generation and then manage whatever is generated responsibly and sustainably.

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