ImpactAlpha, June 25 – India generates more than 100,000 tons of solid waste per day, which exceeds what municipal governments can safely process and dispose of. Ahmedabad-based Nepra Resource Management launched in 2012 to divert more of India’s solid waste to recycling facilities. Impact investment firm Aavishkaar first invested in Nepra in 2013. It has now backed the company’s $6.5 million Series B funding round alongside Asha Impact.
- Waste treatment model… The company works with private sector clients like businesses and hotels and municipal waste authorities to collect and process recyclable waste. Nepra works with about 1,800 informal waste collectors, or “waste pickers,” providing them with steady pay and a pathway into the formal economy.
- Scaling up… In its first year, Nepra diverted 400 tons of waste from the landfill. Its goal is to divert more than 33,000 tons by 2020.