Enablers successfully raised a seed round for waste management firm ExtraCarbon from Brand Capital, ValPro Capital and an HNI
Founded in 2013 Extra Carbon collects recyclable waste from homes and commercial places, and sends the material to recyclers. It also buys second-hand furniture and household items. In order to encourage more and more people to pass on their garbage or old furniture and other household items to ExtraCarbon, the company gives customers either cash or reward points that they can accumulate on extracarbon.com dashboard. The points may later be redeemed on jhoomley.com, a separate reward platform on which they can buy appliances, groceries, personal care, beauty products and much more.
The company operates in Delhi-NCR, Lucknow, Ludhiana and Patiala. It does more than 100 daily pick-ups in the four cities.
The funding will be used for marketing and geographical expansion across the country. A part will also be spent on technology and hiring new talent.
Extra Carbon enlisted with Enablers in February 2015.
Enablers is a web based deal platform that facilitates start-up companies and small and medium enterprises (SMEs) to connect with HNIs, Angels and VCs for fund raising. It helps entrepreneurs become investor ready and handhold them through various stages of fund raising.