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23

Waste paper recycling startup Pastiwala raises Rs 24.8 crore from Agnus Capital

By Tony Seruga

(Pastiwala. com has raised…)

AHMEDABAD: Waste paper collection and recycling startup Pastiwala. com has raised $4 million (Rs 24.8 crore) fromAgnus Capital, a private equity fund of Strides Arcolab’s promoter Arun Kumar.

A top executive at Vadodarabased Sort India Enviro Solutions, which owns Pastiwala-.com, said the startup plans to raise another $20-25 million by the next quarter. “The first round of funds will be used to establish presence across Gujarat to set-up fully automatic material recycling facilities,” said Aashutosh Magdum, co-founder of Sort India Enviro Solutions. “Next fund raising will be of $20-$25 million by next quarter.”…

Waste paper recycling startup Pastiwala raises Rs 24.8 crore from Agnus Capital

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