Hyderabad-based and T-Hub
incubated waste management startup Banyan Nation emerged as the winner for the
Intel & DST Innovate for India Challenge 2.0, for creating a zero-waste
platform to streamline and automate urban recycling operations at every stage.
Banyan’s recycling
initiatives with corporates are hugely impactful and contribute significantly
to India’s
“Swachh Bharat Abhiyan” and
“Make in India” vision.
The startup has received the
cash of Rs 20 lakh as a prize money of the competition, which the startup plans
to use to refine & improvize the platform more, and hire software talent,
they are also looking to raise more funds.
The startup has envisaged a
smart waste technology platform that allows cities to manage city waste and
recycling operations through a combination of on-field sensors like biometric
attendance devices, bin sensors, GPS truck routers, DRCC and landfill
management toolkits and back-end visualization and analytic engines.
Founded by engineering
graduates — Mani Vajipey and Raj Madangopal, in 2013 as a plastic recycling
startup, Banyan Nation had earlier raised funding of $800,000 (about Rs 5.4
crore) from Artha Capital, in March 2016 as a part of the social enterprise
technical assistance project run by the global PE firm KKR and Shujog – the
not-for profit-initiative by Impact Investment Exchange (IIX).
Read more
on... Hyderabad-based Waste
Management Startup ‘Banyan Nation’ Wins Intel, DST Challenge 2.0
Author: Vardaan
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