Fueling Circular Economy Growth in India with $300,000 Investment
The Waste & Circularity Investment Innovation Fund awards $300,000 to two Indian organizations to accelerate capital flow to waste and circularity businesses, fostering a thriving green entrepreneurial ecosystem.


Waste Pickers In Muzaffarnagar Sift Through Mounds Of Plastic Trash For Metal Cans Or Or Intact Plastic Bottles That Could Be Sold, While Children Look For Discarded Toys. Photographer Prashanth Courtesy of Bloomberg.ANDE is pleased to announce the India recipients the Waste & Circularity Investment Innovation Fund created in strategic partnership with the IKEA Foundation. These innovative organizations will receive a total of $300,000 USD to develop and execute technical assistance programs aimed at boosting capital flow to waste and circularity businesses over the next 18 months.

Congratulations to our India Awardees:

  • Upaya Social Ventures, Global Business Inroads (GBI), and rePurpose Global: This collaborative team will lead an investor and market-led accelerator program to increase capital access for small and growing businesses (SGBs) in the waste and circularity sectors. The program will offer a dynamic mix of low and high-touch support, tailored to the specific needs of each participating business.
  • IIM Calcutta Innovation Park: Leading a consortium of experts, IIM Calcutta Innovation Park will focus on fast-tracking the growth of selected SGBs. Their efforts will center on securing seed funding from investors, providing these businesses with the critical resources they need to scale and make a significant impact.

These projects are set to kick off in August 2024 and will play a crucial role in fostering a vibrant green entrepreneurial ecosystem in India.

Stay tuned for the upcoming announcement of the Kenya Fund awardees!

About the Fund:

The Waste & Circularity Investment Innovation Fund, part of our Access to Green Finance project, is dedicated to increasing the pipeline of investment-ready enterprises within India and Kenya’s waste management and circular economy sectors.

We can’t wait to see the incredible progress these organizations will make in driving sustainable solutions and creating a more circular economy!