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Pooja Mehta, COO of JITO Incubation and Innovation Foundation
Tech-based waste management solution startup Ecowrap has raised an undisclosed amount in a pre-Series A funding round led by JITO Incubation and Innovation Foundation (JIIF).
According to the company's statement, The fresh capital will be utilized towards bolstering the expansion plans, enabling the firm to establish its footprint across multiple cities.
Founded in Oct 2020 by Angraj Swami, Ecowrap is a tech-based waste management solution entirely based on waste segregation at the source for the HORECA (Hotel, Restaurant, Cafe) industry.
The startup aims to make waste management services viable and scalable by offering a comprehensive end-to-end solution on a single platform. This solution includes waste segregation at the source, supply chain management, and the production of upcycled products.
Ecowrap said it has developed an advanced tech-based solution that focuses on waste segregation at its source, catering specifically to the waste generated by the HORECA (Hotel, Restaurant, Cafe, Bar, and so on) industry. By providing a comprehensive suite of services, including waste segregation, collection, tracking, recycling, and upcycling, The startup aims to tackle the environmental challenges associated with waste management.
Angraj Swami said, "This capital infusion will be instrumental in realizing our expansion goals and allowing us to establish a presence in various cities. With our commitment to waste management and sustainability, we are determined to provide the best-in-class solution to our clients. We are also immensely proud to contribute to the economic empowerment of rural women through our upcycling initiatives."
Pooja Mehta, COO of JITO Incubation and Innovation Foundation, “It is a pleasure to partner with Ecowrap as the lead investor in this funding round. Their innovative approach to waste management, centred around waste segregation at the source, has the potential to create a significant positive impact on our environment. We believe in Ecowrap's mission and are confident in their ability to revolutionize the industry.”
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