WeVOIS raises Rs 36 Cr in Series A round from Negen Capital, others
Summary
WeVOIS, a waste management startup, has raised Rs 36 crore ($4.2 million) in a Series A funding round led by Negen Capital and Vyom Wealth (Polycab family office). By combining advanced technology with a commitment to sustainability, the company aims to inspire transformative change in the industry, while addressing Indias waste management challenges, said WeVOIS in a statement.The funding also marks a significant step toward establishing global benchmarks in waste management practices, paving the way for a cleaner, greener, and more sustainable future, states the company, it added.Founded by Abhishek Gupta and Abhinav Shekhar Vashistha, the Jaipur-based startup uses an IoT-based mobile app to guide sanitation staff along optimised routes, ensuring all waste is collected without missing any stop. "We will use this funding to establish a state-of-the-art centre of excellence for advanced waste processing, a first-of-its-kind facility in India. This is a vital step toward positioning India as a global pioneer in waste management technologies," said Abhinav Vashistha, Co-founder and CTO of WeVOIS. WeVOISs cutting-edge technology is uniquely positioned to address these challenges while creating immense value for investors and communities alike," said Neil Bahal, Founder of Negen Capital.