Hyderabad-based entrepreneur Abiy Dashpande likes to say that he has always been involved in the sectors before the next big thing.
A.D. In 1998, Dashpande launched India’s first e-commerce website, Malalam.com, which was basically an online clothing brand for ethnic clothing brands. Dashpande spoke arrogantly. CASIA, The market was not ready for the site. Although he was not a good man, he learned much from running a business.
Founded in 2007, the next startup was software company Martjak, which again claims to be one of the first SaaS companies in India. Dashpande Martjak has worked with companies such as Pizza Hut, Walmart and Future Group. Eight years later he sold it to Capillary Technologies.
After that, Dashpande joined Venture Capital Investment. This time the beginning of technology was the talk of the town. VC companies from the United States and China were investing in the country. However, the entrepreneur – the investor as a VC. Dashpande still had at least one start in it and did not want to hang up his shoes as soon as he started and led work.
Dashpande has done some research and decided that by 2025, $ 14 billion in waste management in India could be a major step forward for him.
Dessande, along with former partners Abishek Deshpande and Aniruda Jalan, Recykal, a start-up company that started in 2017, works with Rangpikers who collect garbage from homes and dump garbage into recycling centers. To speed up the process, Used has developed an app called Residual Individual Garbage Collection Appointments.
However, the U.S. economy was not healthy. “Homes are not huge garbage dumps every day and the amount of garbage we collect is not enough for recyclers,” said Descendande, founder and CEO of Recycling.
Waste recycling involves many parties: ragpkers, garbage collection centers, municipalities, recycling companies and wholesalers include schools, hotels, restaurants, factories and malls.
Deshpande recognizes that a product or app cannot meet everyone’s needs and unique circumstances. As Recykal improved, Dashpande realized that he had to move to a landfill that provided at least 10 kilograms of waste per day. In this way, it is economically important for the company and holds a steady supply of recycling makers.
A.D. In 2019, Recykal introduced the B2B model, which developed products for all reusable people.
Recykal has created a new app for companies to send garbage collection requests that include details such as garbage volume and types. The company will send ragpkers to transport the waste to various collection centers.
He then created a marketplace for connecting recycling centers and recycling makers. Dashpande said the company will transfer between six and 20 tons of waste to recyclers every month to provide uninterrupted raw materials for their business. He said the company works with 160 recyclers in 25 states and has facilitated the recycling of more than 30,000 metric tons of plastic waste.
Encouraging Recykal Pillar The Indian government’s legislation on plastic waste management introduced an extended manufacturer liability in 2016. This will allow companies that produce plastic waste to collect a certain percentage and reuse it.
“These brands didn’t know who to contact to take care of the EPR, and because we already had a marketplace, we created an EPR tool for the brands. They will create their target platform, which will ensure that this is done on time and when it is completed, you can submit the details to the government on our EPR device, ”said Deshpande.
Recykal works with more than 75 brands such as Coke, Pepsi, Unilever, LG and Panasonic.
In addition to markets, the company has developed a cloud-based Enterprise Input Plan (ERP) tool for solid waste collection centers. Used by more than 2,000 customers.
It currently collects only paper, plastic, and electronic waste. This year, he is looking to expand his work into two new categories – tires and batteries. “These are the two categories that the government wants to bring to the APR,” Dashpande said.
A.D. At the end of 2020, the company announced how much money it had received from Singapore’s capital. Recykal is looking to raise $ 10-14 million in the series.
“I started this company because I made good money from the previous business, so I wanted to get into a position that would bring me a lot of money and create value for the community,” Dashpande said.
This article is part of KrASIA’s “Beginning Stories” series, where KrASIA writers talk to the founders of technology companies in South and Southeast Asia.