Start-up News: Extracarbon to close $1mn funding via Enablers

Gurgaon-based  start-up to raise funding from Enablers’ parent company, ValPro Capital and other HNIs

Gurgaon-based online start-up, ExtraCarbon backed by waste management company Greentooth Technologies Pvt. Ltd is all set to raise $1mn funding via Enablersinvestment.com in the next few months. Enablers’ parent company ValPro Capital along with other HNIs will be investing money in the startup, which uses connected devices to manage waste disposal and management.

Founded in 2013 by Gaurav Joshi, an MBA from the University of Wales and Anant Avinash, the company collects recyclable waste from homes and commercial places, and sends the material to recyclers. It gives customers either cash or reward points on extracarbon.com dashboard to encourage more and more people to pass on their garbage. The customers can redeem these points on jhoomley.com, a separate reward platform to buy appliances, groceries, personal care, and beauty products. The company is present in Delhi-NCR, Lucknow, Ludhiana, and Patiala. It does more than 100 daily pick-ups in the four cities.

Extracarbon has been working with Enablersinvestment.com for fund raising process and looking to close the $1mn round in the next few months. Enablers, the deal-enabling platform is engaged in executing funding process and implementing growth plans for Extracarbon through raising capital.

Note: I curate and write content for Enablers.com. Copyright laws apply.

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