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ScrapUncle, an on-demand recycling platform, has raised INR 22 Cr (about $2.4 Mn) in its pre-Series A funding round led by Orios Venture Partners and Acumen Fund.
The funding round also saw participation from Upaya Social Ventures, Venture Catalysts, We Founder Circle, Soonicorn Ventures, and angel investor Bharat Jaisinghani.
The startup plans to use the new funding to grow its presence in the capital and prepare to launch its app in other metro cities. The funds will also support ScrapUncle’s investments in fulfillment infrastructure, help set up a future in-house e-waste recycling facility, and expand its workforce and technology capabilities.
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"ScrapUncle is building critical infrastructure for India’s circular economy by bringing technology, transparency, and efficiency to a sector that has long remained informal and fragmented. Mukul and his team have demonstrated strong execution at scale, along with a deep understanding of both the supply chain and the social impact embedded in this business. We are excited to lead this round and partner with ScrapUncle as they organise the recycling ecosystem and build a pan-India C2B e-commerce platform for waste management, said, Sukhmani Bedi, Partner at Orios Venture Partners.
Mukul Chhabra, Founder of ScrapUncle, said in a statement, “Our ambition has always been to build the next e-commerce opportunity, reimagined for E-waste and Recyclables — C2B instead of B2C. We are proud to be among the very few companies in this space to have reached meaningful scale, and to be backed by reputed consumer-focused VC funds like Orios Venture Partners and impact-focused funds such as Acumen and Upaya Social Ventures. This gives us the right mix of guidance and networks across climate, consumer, social impact, and the circular economy. Our vision is to scale ScrapUncle pan-India and become the first company to truly organise the recycling supply chain at scale.”
Paraag Sabhlok, Head of Investments, Acumen India, said in a statement, "ScrapUncle's platform unlocks impact on three fronts - its on-demand collection platform for scrap collection for customers who struggle to dispose of scrap responsibly; for the collection partners for whom it unlocks consistent income and decent working conditions, and for the recyclers for whom it helps secure quality scrap and electronic waste. For a country that generates ~3.8 MMT of e-waste annually and that is powered by an informal economy that disincentivizes decent working conditions for the hardest part in the value chain, Acumen is excited to back Mukul and the business model that shows high potential for scale and impact for its collection partners. Acumen is looking forward to working with Orios Venture Partners in supporting the company achieve its vision.”
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About ScrapUncle
Founded in 2019 by Mukul Chhabra, Delhi NCR-based ScrapUncle helps collect household recyclable materials directly from homes using scrap collectors employed as gig workers, formalizing an industry that was previously fragmented and often exploitative.
The startup focuses on recycling items such as ewaste, paper, metals, cartons, plastics, textiles and end-of-life vehicles. Collected materials are sorted and processed at ScrapUncle’s warehouses and then sent to authorized recyclers.
ScrapUncle’s platform manages the entire process: the front end handles bookings, pricing and weighing, while the back end supports digital tagging, traceability, logistics and inventory management. The goal is to digitize the recycling ecosystem, remove middlemen and ensure transparency and compliance.
Since its launch, it has completed over 300000 pickups, recycling around 20 million kilograms of waste worth around INR 45 crore.
The startup appeared on Shark Tank India Season 2, raised Rs 60 lakh from cardekho cofounder Amit Jain for a 5% stake. In 2023, it secured Rs 3.7 crore from investors including Bestvantage and Jaisinghani.
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