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ScrapUncle Shark Tank India Season 2

by IndiaSuccessStories
written by IndiaSuccessStories 0 comment
ScrapUncle Shark Tank India Season 2 Got 60 Lakhs Funding in Exchange of 5% Equity by Amit Jain.

ScrapUncle Shark Tank India Season 2

Pitch no 76 with company details

ScrapUncle

ScrapUncle is a unique software developed in India that provides skilled workers to your home to collect up scraps and ensure they are properly recycled.

Founder of ScrapUncle

Mukul Chabra is the company’s creator, and he came up with the brilliant idea of combining the scrap collecting sector and putting all verified workers together under one roof.

ScrapUncle Funding Round

Company Name

ScrapUncle

Shark Tank India Season

2

Episode No

25

Season No

2

Brand

ScrapUncle

Idea

Scrap Recycling

Original Ask

60 Lakhs for 3% Equity

Deal

60 Lakhs for 5% Equity

Invested By:

Amit Jain

At the core of ScrapUncle's idea was a dedication to leveraging technology to streamline the scrap recycling process. Through their platform, they offered users a seamless and hassle-free experience, allowing them to schedule pickups for their scrap materials and receive fair compensation in return. By incentivizing recycling and promoting responsible waste management practices, ScrapUncle aimed to reduce landfill waste, conserve natural resources, and mitigate environmental pollution.

The Pitch:

ScrapUncle's pitch revolved around their mission to transform the way scrap is managed and recycled in India. With an original ask of ₹60 Lakhs for 3% equity, they aimed to scale up their operations and expand their reach across the country. Their vision was to provide individuals and businesses with a convenient and environmentally responsible solution for disposing of their scrap materials while contributing to the circular economy.

The Deal:

ScrapUncle's innovative approach to scrap recycling resonated strongly with investor Amit Jain, who recognized the immense potential of their business model to drive positive change. Securing a deal with Amit Jain, ScrapUncle gained not only the financial support they needed but also a strategic partner who shared their vision for promoting sustainability and environmental stewardship. With their newfound partnership, ScrapUncle is well-positioned to scale up their operations, enhance their technology infrastructure, and make a lasting impact on the recycling industry.

Investors Behind ScrapUncle

Amit Jain: With the backing of investor Amit Jain, ScrapUncle is poised to accelerate their growth and expand their presence in the market. The investment will enable ScrapUncle to invest in marketing initiatives, acquire advanced recycling equipment, and onboard more partners and customers, further solidifying their position as leaders in sustainable scrap recycling.

Conclusion:

ScrapUncle's success on Shark Tank India Season 2, Episode 25, underscores the importance of innovation and entrepreneurship in addressing pressing environmental challenges. By pioneering sustainable scrap recycling practices, ScrapUncle exemplifies the potential of business to drive positive social and environmental impact, paving the way for a more sustainable and resilient future.

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