Ecowrap utilizes a tech-based reverse supply chain model focused on waste segregation at the source to enhance solid waste management. By promoting community participation, the company has successfully collected over 1,750 metric tons of waste, significantly reducing greenhouse gas emissions and conserving natural resources.
Funding
$4.8M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
The lack of effective waste segregation at the source leads to unviable processes for solid waste treatment. Mixed waste contaminates recyclable materials, diminishing their value and hindering the adoption of technologies like waste-to-energy plants and other recycling processes.
Solution
Ecowrap offers an IoT and SaaS-based solution designed to improve waste segregation, collection, tracking, recycling, and upcycling, specifically targeting solid waste generated by hotels, restaurants, cafes, and bars (HoReCa). The company provides the necessary infrastructure and support to make waste segregation financially viable for waste generators. By incentivizing waste segregation at the source, Ecowrap ensures that recyclable materials retain their value, enabling effective recycling and reducing the amount of waste sent to landfills. The company also provides waste audit reports, offering traceability and transparency in waste management.
Target Audience
Ecowrap primarily targets hotels, restaurants, cafes, and bars (HoReCa) seeking to improve their waste management practices, reduce waste disposal costs, and comply with environmental regulations.
Features
- IoT-enabled waste tracking for real-time monitoring of waste collection and processing.
- SaaS platform for managing waste segregation, collection schedules, and reporting.
- Training programs for housekeeping staff at HoReCa units to improve waste segregation practices.
- Financial incentives for Green Champions (trained employees) based on the quality and quantity of segregated waste.
- Upcycling initiatives that engage local self-help groups to transform waste into valuable products.
- Mobile application for waste generators to request pickups and track their environmental impact.
- Integration with FMCG vendors, allowing hotels to redeem waste credits for essential supplies.