Saahas Waste Management raises fresh funds
The social enterprise raised an undisclosed amount from Indian Angel Network and Upaya Social Ventures
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Bengaluru: Saahas Waste Management Pvt. Ltd, a social enterprise that focuses on waste management, on Friday said the company raised an undisclosed amount from Indian Angel Network (IAN) and Upaya Social Ventures. Nagaraj Prakasam from IAN will join the company’s board.
The company works with bulk waste generators such as corporate offices, apartment complexes and educational institutions and offers solutions to manage waste, including electronic waste. Saahas currently manages 20 tonnes of waste daily across 30 locations in Bangalore and Chennai. It employs more than 80 waste pickers and engages with public institutions like municipal corporations to augment their waste management capabilities.
“Saahas is well placed to implement complete waste management solutions. We will also be looking to introduce simple technology that will enhance efficiency in our waste management processes,”said Wilma Rodrigues, founder of Saahas.
The funds will be deployed to expand its team as well as increase its capacity to 80 tonnes per day in the next three to five years, Rodrigues said.
Saahas has successfully delivered onsite waste management services to bulk waste generators, said IAN’s Prakasam, who also serves on the board of companies such as Uniphore, GoCoOp, Freshworld and Solaron.
IAN has invested about $38 million in 64 companies in the past three years.