Funding · Agriculture & Food Systems
Wastelink raises ₹27 Cr from Avaana Capital and others
By Startup Enthusiast ·
- Date
- Company
- Wastelink
- What it does
- Converts food surplus into cattle feed
- Kind
- Funding
- Amount
- ₹27 Cr
- Based in
- Delhi
- Founded
- 2018
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
- Avaana Capital (lead)
- Malvika Poddar (participated)
- Nithin Kamath (participated)
- Indigram Labs (participated)
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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