ImpactAlpha, February 29 — Gujarat-based Nepra Resource Management deploys nearly 2,000 pickers to deliver dry waste to five waste recycling facilities.
“Responsible waste management is not only vital for environmental stewardship but also presents a significant opportunity for economic growth and societal benefit,” said Rohan Ghose of BlueEarth, the Swiss impact investing firm that is acquiring a significant minority stake in Nepra from a fund managed by Aavishkaar Capital. A separate Aavishkaar fund will stay on as an investor.
Financing circularity
Nepra is BlueEarth’s first climate-focused deal in India. The private equity investor closed a $308 million climate impact fund last month to invest in global companies driving the low-carbon and circular economies.
Recycling India’s dry waste, such as plastic, paper, glass, rubber, metals and other materials, could generate close to $1.6 billion yearly. Nepra says its waste recycling facilities have mitigated 460,000 tons of CO2 emission.
