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ah! Ventures, Intellecap Impact Investment Network & Rianta Capital invest Rs. 10 Million in waste management startup Sampurn(e)arth

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Intellecap Impact Investment Network [I3N], Rianta Capital along with ah! Ventures have invested Rs. 10 Million in waste management startup Sampurn(e)arth. Co-founded by Debartha Banerjee, Jayanth Nataraju, & Ritvik Rao, Sampurn(e)arth provides end-to-end decentralized and customized waste management solutions such as  dry waste collection and processing, bio-gas plant installation, composting, O&M and consulting services.

SampurnEarth

It works closely with the non-profit waste picker organization Stree Mukti Sanghatana and actively incorporates waste pickers into the process, thereby up-skilling them and increasing incomes. Its clientele includes municipal bodies, corporate parks educational campuses and residential units.

Sharing the statistics on the scale of the problem in the waste management segment, Co-founder Jayanth Nataraju said

In Mumbai alone, about 10,000 tonnes of waste is generated daily, so there is a huge opportunity for intervention. With initiation of the Swacch Bharat Abhiyan, there is an increased interest in our solutions and we are seeing tremendous support from stakeholders across the value chain. We are confident that with the guidance of investors on scaling the business, we will be able to move the needle on this vast challenge.

Talking about the investment, Ajay Dalmia, I3N, said

The current method of dumping waste into landfills leads to several environmental and societal problems. This practice adversely affects the health of people and also fails to recognize the inherent value in the waste. Sampurn(e)arth is bringing in an effective decentralized asset light business model that is environmentally sustainable, generates employment and is profitable. This is an execution intensive model and we have full faith in the promoters’ passion for the cause and ability to deliver.

Sidharth Pansari, Angel Investor & Director, Primarc Projects added

It is our responsibility to give our environment and the people living around us, a more sustainable future than we have today. By investing in Sampurn(e)arth we are directly contributing in creating a positive impact on the environment, coming up with innovative ways in which one can turn waste into re-usable resources and renewable energy. Primarc Group’s real estate projects have been developed with environment friendly features like rain water harvesting, sewage treatment plant, Solar hot water, fly ash bricks and organic water treatment. We should put our knowledge and experience to come up with new sustainable solutions for the greater benefit of the planet by creating better disposal options and safer treatment of waste.

Harshad Lahoti, Founder & CEO, ah! Ventures. said

ah! Impact, the platform through with the investment in Sampurn(e)arth was made, validates our commitment and foresight towards social investing in India, also the large number of our investors, which are mostly first time investors have shown great interest in investing in social enterprises with high potential and measurable social or environmental impact. ah! Impact recently reinvested in Ketto, a crowdfunding platform for social, personal and creative projects.

ah! Impact also recently reinvested in Ketto, a crowdfunding platform for social, personal and creative projects.

About Sampurn(e)arth

Sampurn(e)arth Environment Solutions Pvt. Ltd provides wet and dry waste management solutions for corporates, residential societies and construction companies. A TISS [Tata Institute of Social Science] incubator project, Sampurn(e)arth was launched in 2012 with an objective of making solid waste management efficient, decentralized and even profitable. Sampurn(e)arth works on the principle that transporting waste to the city’s dumping grounds is inefficient and expensive and also hazardous. It encourages on-site segregation, wherever possible. It also sets up on-site bio-gas or composting facilities for wet waste, while non- biodegradable waste is transported directly to recycling units. This leaves only a small amount of dry waste to be transported to the dumping grounds.

About ah! Ventures

ah! Ventures is a startup focused growth catalyst that brings together promising businesses and investors by creating wealth creation opportunities for both. ah!’s unique model serves investors, entrepreneurs and enablers through a unique blend of customized services, skill, and industry & domain experience.

Founded in 2010, ah! Ventures has systematically disrupted India’s early stage funding ecosystem through its innovative approach toward startup investing. First of its kind initiatives like the CLUB ah! network & platform, ah! Angels (India’s largest angel network), ah! Seeders and ah! VC networks (India’s first seed & VC investment networks respectively), have brought together and integrated the otherwise previously segregated startup funding lifecycle, under one roof. This, coupled with ah! Impact network, an impact investment network for investing in social enterprises and ah! Mentors network, a mentor network to assist startups in their growth and expansion, has today made ah! Ventures not just one of India’s most respected change leaders, but also a formidable industry force to recon with.

About I3N

Intellecap Impact Investment Network (I3N or I-cube-N) is a global network of impact investors, both individuals and institutions who come together to co-invest in impact enterprises across India and East Africa. It’s aim is to plug the pre-VC funding gap early stage enterprises face by mobilizing domestic capital and connecting international investors to domestic investors. Investors come together to support brilliant and passionate entrepreneurs who are dedicated to solving difficult problems at the bottom of the pyramid.