Shark Tank Famed ScrapUncle Raises ₹22 Crore

ScrapUncle, a recycling platform, has raised ₹22 crore in a Pre-Series A funding round led by Orios Venture Partners, with Acumen Fund, Inc. coming in as Co-Lead. The round also saw participation from Upaya Social Ventures, Venture Catalysts, We Founder Circle, Soonicorn Ventures, and prominent angel investor Bharat Jaisinghani.

The fresh capital will be used to establish ScrapUncle’s presence across the Delhi NCR region, scale operations towards ₹100 crore in annual recurring revenue, and prepare for expanding into other metro cities. The funding will be invested in fulfillment infrastructure, technology, and workforce, while setting up an in-house e-waste recycling facility as a strategic capability.

Founded by Mukul Chhabra, recognised in the Forbes 30 Under 30 Asia List 2025, ScrapUncle is India’s first one-stop recycling App that enables doorstep collection of all recyclables, from e-waste, paper, metals, cartons, plastics, textiles, to even end-of-life vehicles, with a core focus on household collection. Users can schedule doorstep pickups via the ScrapUncle app or website.

It operates a closed, managed network where all collections are executed by trained collectors, referred to as "Green Superheroes", who work as gig workers for ScrapUncle.

Sukhmani Bedi, Partner at Orios Venture Partners, said,” Mukul and his team have demonstrated strong execution at scale, along with a deep understanding of both the supply chain and the social impact embedded in this business. We are excited to lead this round and partner with ScrapUncle as they organise the recycling ecosystem and build a pan-India C2B e-commerce platform for waste management”.

ScrapUncle operates on a vertically integrated model enabling end-to-end control across the waste value chain. Collectors and helpers are provided electric pickup trucks—without the need to own a vehicle. All material collected from households and enterprises is routed to ScrapUncle warehouses, which function like e-commerce fulfillment centres. Here, waste is segregated, processed, and sent to authorized recyclers. 

This is supported by proprietary backend software built for waste-commerce, enabling digital tagging, traceability, logistics, and inventory management across first-mile, mid-mile, and last-mile operations.

Mukul Chhabra, Founder of ScrapUncle said “Our vision is to scale ScrapUncle pan-India and become the first company to truly organise the recycling supply chain at scale. Our ambition has always been to build the next e-commerce opportunity, reimagined for E-waste and Recyclables — C2B instead of B2C” 

Since inception, the company has completed over 300,000 pickups, recycled more than 20 million kilograms of waste worth over ₹45 crore, recorded close to 350,000 app downloads, and empowered nearly 200 informal workers.