Let's Recycle's Nepra raises $18 Mn Series C round led by Aavishkaar and Circulate Capital
Ahmedabad-based dry waste management company Let's Recycle's parent company Nepra Resource Management Private Limited has raised $18 Mn in Series C funding, led by Aavishkaar Group's impact investing arm Aavishkaar Capital, and Circulate Capital. The funding will be used by Nepra to expand its capacity and manage dry waste across the country.
Nepra is one of the largest collectors and processor's of dry waste in the country. It has partnered with over 1,700 waste pickers and collectors. It processes over 500 tonnes per day across Ahmedabad, Pune, and Indore.
Sandeep Patel, Co-Founder and CEO, NEPRA, said, “We aim to utilise this Series C funding to further expand our operations nationally and strengthen our capacity to cater to the growing needs of cities for dry waste management solutions. Our ability to work closely with municipalities to organize dry waste collection, improve revenues for the informal sector, and ensure quality feedstock for recyclers, has seen our systems become indispensable and improve efficiency along the entire value chain.”