News on Medial

Shark Tank India-featured ScrapUncle raises Rs 3.7Cr in a pre-Seed round

IndianStartupNews · 1y

Delhi-based startup ScrapUncle has secured Rs 3.7 crore in a pre-seed funding round co-led by Bestvantage and a family office associated with Madhuram Papers' promoters. Previous investor CarDekho CEO Amit Jain had also invested Rs 60 lakh during Shark Tank India Season 2. ScrapUncle plans to use the funds to enhance its operational scale and contribute significantly to its overall revenue. Founded in 2019, the company offers an online platform for users to sell scrap materials for recycling at predetermined prices, aiming to address waste management challenges and promote recycling.