BizDateUp Technologies acquires 20% stake in Environment Impact Startup, Duro Green

BizDateUp Technologies, a startup ecosystem enabler, has made an undisclosed investment in Duro Green, an environmental impact startup providing comprehensive wet waste management services.

The investment marks BizDateUp's strategic move into the green sector, reinforcing its commitment to sustainability.

In addition to financial backing, BizDateUp Technologies is set to collaborate closely with Duro Green to optimize operations, implement automation, and integrate cutting-edge technologies.

The partnership will enable Duro Green to accelerate its growth plans and solidify its position as a frontrunner in sustainable waste management solutions.

Acquiring a 20% stake in Duro Green

As part of the investment, BizDateUp has acquired 20% ownership stake in Duro Green. BizDateUp Technologies and its investors are poised to catalyse innovation and drive positive change within India's waste management landscape, the release notes.

The investment in Duro Green reflects BizDateUp's recognition of the sector's rapid growth potential and alignment with SGD goals centred around environmental conservation.

Indian waste management market growth

The India Waste Management Market size is estimated at $12.90 billion in 2024 and is expected to reach $17.30 billion by 2029, growing at a CAGR of 6.10% during the forecast period (2024-2029).

According to TERI, India generates over 62 million tonnes (MT) of waste annually, of which 43 MT are collected, only 12 MT are treated before disposal, and 31 MT end up in landfills.

It is said that the generation of municipal solid waste is expected to rise to 165 million tonnes by 2030 due to changing consumption patterns and rapid economic growth.

What does Duro Green do?

Established in 2019, Duro Green has distinguished itself through its dedication to sustainability and the deployment of cutting-edge waste management solutions.

The startup's portfolio includes over 350 projects, serving thousands of households and recycling significant amounts of waste. The startup claims that its initiatives have resulted in substantial reductions in CO2 emissions and land conservation.

"We believe that waste management is a shared responsibility. Therefore, our approach to waste management goes beyond the conventional collection and disposal of mixed waste," said Nishant Shah, Founder of Duro Green.

"With the support of BizDateUp Technologies, our ultimate goal is to set new standards in waste reduction and resource conservation and to inspire other companies to follow suit while contributing to global efforts in combating climate change and promoting sustainable development," Shah added.

What did the BizDateUp Co-founders say about Duro Green?

Speaking about the investment, Jeet Chandan, Co-Founder of BizDateUp said, “We believe India's waste management and processing sector will experience significant growth in the next 5 years. The Swachh Bharat Abhiyan adds further impetus to the sector with the government working fervently to meet SGD goals. Also, as the demand for 100% door-to-door collection rises, along with the necessity for organic wet waste processing through anaerobic digestion for bio-gas and the development of plastics recycling infrastructure, including emerging technologies like chemical recycling for petrochemical feedstock, we see this investment as our initial step in addressing these challenges while capitalizing on substantial growth opportunities."

Meet Jain, Co-Founder of BizDateUp, added, “We firmly believe that Duro Green will lead the transformation of waste management, paving the way for a sustainable future in the industry. This investment also underscores our recognition of significant market opportunities across various waste streams such as used tyres, sanitary waste, glass, batteries, solar panels, and more. These areas require innovative technologies and business models to tackle effectively.”