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Funding · Agriculture & Food Systems

Wastelink raises ₹27 Cr from Avaana Capital and others

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Date
Company
Wastelink
What it does
Converts food surplus into cattle feed
Kind
Funding
Amount
₹27 Cr
Based in
Delhi
Founded
2018
Sector
Agriculture & Food Systems

What they do

Wastelink is a Delhi-based agritech startup that turns food surplus into cattle feed ingredients

What happened

It raised ₹27 Cr (~$3 Mn) in a round led by Avaana Capital, with participation from Malvika Poddar, Nithin Kamath, and Indigram Labs

Why it matters

The company plans to triple processing capacity and achieve breakeven in FY26

The details

  • Wastelink raised ₹27 Cr (~$3 Mn) from investors.
  • Avaana Capital led the funding round.
  • Malvika Poddar, Nithin Kamath, and Indigram Labs also participated.
  • The startup converts food surplus into cattle feed ingredients.
  • It operates a B2B platform that buys surplus from packaged food companies and agro processors.
  • The company uses blockchain for traceability and AI for logistics and nutrition.
  • Its cattle feed brand is called ecoFeed.

The bigger picture

  • India produces ~74 Mn Tonnes of food waste annually, enough to feed 377 Mn people.
  • Bakery products in feed can increase yields by 15% and offer cost savings.
  • The startup aims for zero food waste and circular economy impact.

About the business

  • Wastelink is a Delhi-based agritech startup in the circular economy space.
  • It purchases surplus food from packaged food companies and agro processing industries (chocolates, biscuits, staples).
  • The surplus is processed into ecoFeed, an alternative to corn or bajra for cattle.
  • It uses blockchain for traceability and AI for reverse logistics and nutrition formulation.
  • The team has about 100 people.
  • Installed processing capacity is 1,500 Tonnes per month, with 75-80% utilisation.
  • FY25 revenue was ₹26.5 Cr; FY26 expected revenue is ₹35–40 Cr.

What happens next

  • Plans to expand processing capacity threefold over the next year.
  • Will beef up R&D, traceability technology, and quality systems.
  • Hopes to achieve breakeven in FY26.

The deal

Type
funding

Investors

Founders

  • Saket Dave, founder
  • Krishnan Kasturirangan, cofounder

About Wastelink

Product
A proprietary feed ingredient called ECOMIX made from surplus and rejected food.
Customers
Food producers, manufacturers, retailers, and animal feed companies.
How it makes money
Sells upcycled feed ingredients and related B2B supply-chain services.
What sets it apart
AI-powered tech stack with reverse supply-chain tracking and traceability.
Operations
Procures surplus food, processes it at facilities in multiple Indian cities, and supplies feed inputs nationwide.

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