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India Climate Startups Funding & Investment Updates

Startup Funding & Investment Updates

Rs 10 crores in seed funding raised by food upcycling startup Wastelink

2022-06-10

To be used to expand footprint and scale up nutrition science, food waste supplier platform capabilities.


Source


Notes by Narsi

The startup's aspiration is to upcycle about 1 million tons of food waste a year by about 2025.

Given that about 70 million tons of food is wasted in India annually, a million tons per year might not sound like a big deal, but I think it is significant - because this is the aspiration of just one startup, and within a few years of its inception.

Also, upcycling food waste is a more productive pathway compared to converting it to fertilizers or biogas. Most constituents of any biomass are worth much more than energy. The challenge lies in recovering this value.