Founded by Parag Gupta, Waste Ventures works in India to incubate solid waste management companies that are owned and operated by waste pickers. The company provides the tools to environmentally process the waste and in the process enables them to generate a much better living from selling recyclables, biofertilizer and earn carbon credits.
In 2010 Waste Ventures was the winner of StFF funded ‘Beat Waste Startup Challenge’ and is now becoming an extremely successful company:
Waste Capital Partners, Inc. Completes its Convertible Note Offering
The Impact Enterprise Will Use Proceeds of Oversubscribed Round to Scale Model in India
San Francisco, CA: On August 29th, Waste Capital Partners, Inc. completed its convertible note offering. The round of finance led by the James Lee Sorenson Family Foundation will be primarily invested in its India operating company, Waste Ventures India, to streamline existing projects and dramatically expand the footprint of the Indian company in South India.
Parag Gupta, Founder and CEO of Waste Capital Partners, stated, “We were thrilled to be oversubscribed in commitments by investors. It is validation of both an extremely important issue that touches upon climate change, sanitation, livelihoods, and agriculture as well as the confidence in our company’s potential to profitably solve this challenge.”
Jim Sorenson, Founder of the Sorenson Foundation, stated, “The James Lee Sorenson Family Foundation is pleased to invest in Waste Capital Partners and its innovative model that cleans up cities in emerging markets while creating much needed compost for farmers.”
Other investors in this round include the Marshall Foundation, the Cordes Foundation, and Impact Assets. The Peery Foundation has also renewed its earlier investment.
About Waste Capital Partners, Inc.: Waste Capital Partners, Inc. environmentally processes waste in emerging markets to form nutrient-rich compost it sells to small farmers. Its efforts currently affect more than 240,000 residents and have been recognized by the United Nations and the Indian State Government of Andhra Pradesh. It is a Village Capital Winner and a Swedish International Development Agency (SIDA) ‘Innovation Against Poverty’ Awardee.
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