ScrapUncle
Waste Management -Tech| Series A | Delhi, India
ScrapUncle.com
ScrapUncle is a tech-driven waste-commerce platform transforming India’s fragmented recycling industry with its “Uber for Recycling” model. By providing a seamless, on-demand pickup service through its user-friendly app, ScrapUncle connects households, businesses, and industries with verified recycling partners. The platform ensures transparency, traceability, and ethical waste disposal, addressing key inefficiencies in traditional waste management. With a strong focus on sustainability and innovation, ScrapUncle is redefining how recyclable waste is collected, processed, and reintegrated into the circular economy
Founders
Mukul Chhabra
Founder and CEO | IIIT Delhi
Former Co-Founder at DroneMed (Recognitions:- DST, Tata Truts, IAF)
B-Tech (ECE)
Key Highlights
Projected Revenue (FY 25)
INR 16 Crores
Presence
Delhi
Gross Margin (D2C)
40%
ROAS
15
App Downloads
2,00,000+
Waste Responsibly Recycled
15M +kg
Key Investors
Deal Details
Current Deal Round
Series A
Round Size
INR 16 Cr (11 cr committed)
Instrument
CCPS
Soonicorn Platform Fee
Admin Fee: 2% of investment amount
Carry: 10%
Valuation
INR 49 Cr
Minimum Ticket Size per Investor
INR 3,00,000
*AIF Condition : Consolidated commitment for AIF should be more than INR 25 Lacs to qualify as a valid entry to the cap table
Deal Runners
Smridh Kohli
Documents
Pitch Call Recording
Media
Young boy builds an online kabadiwala biz after being inspired by his uncle's scrapyard 'heaven'
In season 2 of the reality show Shark Tank India, multiple entrepreneurs pitched products that aim to solve the nation’s problems. The latest startup that pitched the show, ScrapUncle, also falls into this club.
ScrapUncle offers scrap recycling services via a website and an app. Customers can book trained and verified agents to collect scrap from their homes or offices. These agents accurately weigh the scrap and provide the best value for it, claimed the founder, Mukul Chhabra. The startup also promises ‘responsible recycling of scrap items’ on its website.
