ImpactAlpha, November 19 – Nepra Resource Management, based in Ahmedabad, India, collects and recycles dry municipal waste that would otherwise end up in landfills. The eight-year-old company is powered by 1,700 informal “waste pickers,” who are getting steady pay and a pathway into the formal economy.
Nepra, which earlier processed 400 tons of waste per year, now handles 500 tons per day, across three cities.
Existing investor Aavishkaar backed Nepra’s $18 million Series C round; Circulate’s participation gives Aavishkaar a partial exit.
Aavishkaar first backed Nepra in 2013 and re-upped in the company’s $6.5 million round in 2018.