WeVOIS, a startup focused on waste management, has successfully raised ₹36 crore (approximately $4.2 million) in a Series A funding round. This funding was led by Negen Capital and Vyom Wealth, which is associated with the Polycab family office. Other investors in this round included Venture Catalysts, SN Capital, Warmup Ventures, Marsshot Ventures (which is backed by Razorpay founders), and several angel investors.

PC: MarcaMoney
Purpose of the Funding
WeVOIS, a startup focused on waste management, has successfully raised ₹36 crore (approximately $4.2 million) in a Series A funding round.
The funds raised will be used to accelerate WeVOIS’s operations and expand its partnerships across India. The company aims to innovate and improve its waste management solutions, which include textile waste recycling and bio-CNG plants that convert wet waste into clean energy. Abhinav Vashistha, and CTO of WeVOIS, said that the funding would enable his company to build a state-of-the-art center for advanced waste processing-the first-of-its-kind in India. This center would significantly contribute to not only reducing waste but also its harmful influence, where, historically, India had been a role model in these technologies of waste management.
Innovative Solutions by WeVOIS
Founded by Abhishek Gupta and Abhinav Shekhar Vashistha, WeVOIS aims to create sustainable solutions for waste management. The startup uses proprietary technology powered by the Internet of Things (IoT) and artificial intelligence (AI) to optimize waste collection processes. Their IoT-based mobile app helps sanitation staff follow optimized routes for waste collection, informs citizens about collection schedules, and allows for real-time vehicle tracking. This technology not only increases recycling efficiency but also drastically reduces carbon emissions.
Market Context
The Indian waste management industry has undergone immense change in the last few years, with the improvement in regulations and growing public awareness of environmental concerns. Neil Bahal, founder of Negen Capital, said WeVOIS’s state-of-the-art technology was poised to meet the challenges of this sector and generate massive value for investors and communities alike.
Future Prospects
With the new funding, WeVOIS will scale its operations and enhance its technological capabilities. The startup feels that it is going to be a game-changer in the waste management sector, especially with increasing demand for sustainable solutions. With innovation and efficiency at its core, WeVOIS is aiming to lead the transformation of waste management practices in India.
In conclusion, the successful funding round led by Negen Capital and Vyom Wealth marks a milestone for WeVOIS. This investment will allow the startup to expand its operations and develop advanced waste management solutions, contributing to a cleaner and more sustainable environment in India.