ScrapUncle: What Made This Startup a Bestvantage Investment Portfolio Company?

India’s circular economy is steadily moving from intent to execution, and the INR 22 Cr pre-series A raise by ScrapUncle, a Bestvantage Investments portfolio company, is a strong signal that investors are now backing businesses with operating depth, measurable traction, and a clear path to scale rather than standalone sustainability narratives.

The round was co-led by Orios Venture Partners and Acumen Fund, with participation from Upaya Social Ventures, Venture Catalysts, We Founder Circle, Soonicorn Ventures, and angel investor Bharat Jaisinghani. For Bestvantage Investments, which advised ScrapUncle through this phase, the raise validates a thesis built on fundamentals, founder clarity, and disciplined execution in a sector that has historically remained informal and undercapitalised.

Founded in 2019 by Mukul Chhabra, ScrapUncle is formalising household scrap collection by combining doorstep pickup, gig-based employment for scrap collectors, and a fully digitised operating platform that enables pricing, weighing, traceability, logistics, and inventory management across the recycling value chain.

ScrapUncle’s scale so far:

• Over 300,000 doorstep pickups completed across operations

• Nearly 20 million kilograms of waste recycled since inception

• Approximately INR 45 Cr in material value unlocked

• Coverage across multiple recyclable categories, including e-waste, paper, metals, plastics, textiles, cartons, and end-of-life vehicles

This is not early experimentation but evidence of repeat behaviour, supply consistency, and infrastructure readiness in a sector where reliability is often the biggest barrier to scale.

The newly raised capital will be deployed with a clear operating focus:

• Expansion across Delhi NCR, with groundwork for entry into other metro markets

• Investments in fulfillment and warehousing infrastructure to improve turnaround times and unit economics

• Laying the foundation for an in-house e-waste recycling facility, a critical step for long-term margins and compliance

• Strengthening technology and workforce capacity to support higher volumes and traceability requirements

This momentum reflects a broader shift across India’s waste and recycling ecosystem. According to DPIIT, India has over 1,400 recognised waste management startups, with more than 54 percent operating in non-metro markets, underscoring both the size of the opportunity and the urgency for organised, tech-enabled players to emerge.

Can You Be Our Next Shining Star?

At Bestvantage Investments, we work closely with early-stage startups that are solving structurally hard problems and building businesses that can scale nationally, attract institutional capital, and stand up to public scrutiny on platforms such as Shark Tank India. ScrapUncle’s journey reinforces a pattern we see repeatedly: when founders prioritise execution, data discipline, and long-term value creation, growth follows.

For founders, entrepreneurs, and businesses building in cleantech, sustainability, logistics, or the broader circular economy, the window to scale is open. If your ambition is to grow faster, raise smarter, and build a company that can confidently take the national stage, reach out to Bestvantage Investments directly.

The next breakout story is already being built. The right partner can help it scale faster and stronger. Ready to join the team?