Hasiru Dala Innovations (HDI), a waste management company dedicated to inclusive circulation systems, has raised Rs 6 crore in a pre-sale stock funding round. This round is led by FinTech Investment. Next Bharat Invurs IFSC is a Suzuki-backed alternative investment company with its first direct investment investment, with contributions to HDI.
“Capital infusion will accelerate HDI’s growth in key areas, including expanding its plastic recycling business to improve recycling capabilities and operational efficiency. It will also support the expansion of its bio-California plant through a joint venture with Carbon Masters, thereby enhancing its commitment to sustainable waste to durable solutions,” a news release from the company.
Nithin Kamat, CEO, Zerodha and Rainmatter,,,,, “Hasiru Dala innovation has created a unique inclusive model that not only addresses waste management but also leverages waste pickers’ capabilities as key stakeholders in the circular economy. Their work in the plastic cycle and bioenergy solutions are creating tangible environmental and social impact,” said the investment.
With continued efforts, HDI has successfully transferred more than 100,000 tons of municipal solid waste from landfills, preserving about 1 million cubic meters of landfill space and mitigating emissions of 1,31,493 TCO2E Greenhouse Gas (GHG).
“In Hasiru Dala Innovations, our mission has been to create a world without waste and waste pickers, traditionally marginalized people are at the forefront of the circular economy, and we have wasted within the fair trade practice,” said Shekar Prabhakar, CEO and co-founder of Hasiru Dala Innovations in a recent investment.
The company’s model integrates waste pickers and informal waste workers into an evolving circular economy, turning it into green collar professionals and entrepreneurs.
publishing – April 1, 2025 at 10:04 pm IST
