ScrapUncle, a pioneering reverse logistics startup, has successfully secured INR
\n3.7 crore in a pre-seed funding round, marking a significant milestone in its
\nmission to revolutionise the scrap recycling industry. The funding round was
\nco-led by Bestvantage and a family office associated with the promoters of
\nMadhuram Papers, in addition to participation from several angel investors,
\nincluding Bharat Jaisinghani.<\/p>\n
This capital infusion follows ScrapUncle’s initial investment of INR 60 lakh
\nfrom Amit Jain, CEO of CarDekho, during Shark Tank India Season 2. The company intends to utilize these funds to expand its existing operational capacity, with the goal of substantially boosting its overall revenue.<\/p>\n
ScrapUncle, headquartered in Delhi and established in 2019 by Mukul Chhabra,
\nhas emerged as a game-changer in the scrap recycling realm. Leveraging its
\ninnovative online platform, ScrapUncle offers an array of scrap recycling
\nservices. This platform provides homeowners and businesses with a convenient
\nand efficient way to schedule the collection and recycling of their scrap
\nmaterials.<\/p>\n
With estimates indicating that the market for reverse logistics is valued at
\napproximately USD 60 billion and is poised to reach USD 80 billion by 2025,
\nexhibiting a compound annual growth rate (CAGR) of 12 percent, ScrapUncle
\nis well-positioned to play a pivotal role in this rapidly expanding sector. The
\ncompany’s innovative approach and commitment to sustainability align with the
\ngrowing global emphasis on responsible waste management and environmental
\nstewardship.<\/p>\n","protected":false},"excerpt":{"rendered":"
ScrapUncle, a pioneering reverse logistics startup, has successfully secured INR 3.7 crore in a pre-seed funding round, marking a significant milestone in its mission to<\/p>\n","protected":false},"author":1,"featured_media":4577,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[52294,6091,5164,56979,150,12369,4255],"tags":[],"class_list":["post-4575","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-automation","category-recycling","category-renewable-energy","category-smart-buildings","category-sustainability","category-technology","category-waste-management"],"_links":{"self":[{"href":"https:\/\/livzzy.in\/index.php?rest_route=\/wp\/v2\/posts\/4575","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/livzzy.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/livzzy.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/livzzy.in\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/livzzy.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4575"}],"version-history":[{"count":0,"href":"https:\/\/livzzy.in\/index.php?rest_route=\/wp\/v2\/posts\/4575\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/livzzy.in\/index.php?rest_route=\/"}],"wp:attachment":[{"href":"https:\/\/livzzy.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/livzzy.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/livzzy.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}