Mukul Chhabra’s ScrapUncle bags an Shark Tank offer of Rs 60 lakh for 5% equity - Updates
India Climate Startups Update
Mukul Chhabra’s ScrapUncle bags an Shark Tank offer of Rs 60 lakh for 5% equity
The Delhi-based startup allows users to sell scrap for pre-quoted prices to verified collectors, which is then segregated and recycled.
- Waste Recycling
- Solid Waste Collection
- Scrap Processing
Notes by Narsi
The idea is simple and it will work, the challenge is scale. Eventually, this is a logistics business with a lot of (unorganized) feet on street.
He has done enough to impress the sharks possibly, but Mukul-bhayya has his work cut out before he can scale this to even 10x what he is doing right now.
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