Delhi-based B2B food upcycling startup Wastelink has secured ₹27 crore (~$3M) in Series A funding led by early-stage investment firm Avaana Capital. The round follows its earlier $2.3M raise from Indigram Labs and others.
Founded in 2018 by Saket Dave and Krishnan Kasturirangan, Wastelink converts surplus and waste food from manufacturers and retailers into nutritional animal feed ingredients. Its proprietary product, ECOMIX, is supplied as raw material to animal feed companies.
The startup has also developed an AI-powered reverse supply chain system that offers FMCG firms visibility into the usage of their waste and packaging, while providing transparency to animal feed companies on raw material sourcing and processing.
Wastelink has upcycled 35,000+ tonnes of FMCG surplus, serving 38,500+ animals annually across 5,000 pincodes in India.
The fresh funding will be deployed to enhance its tech stack and expand into new categories.
The global upcycled food market is projected to touch $119.8B by 2034, positioning Wastelink to capture a significant opportunity. Competitors in the space include Sea6 Energy and Krimanshi.
By: Arushi Agarwal
