An ‘ocean fund’ aims to scale up circular economy
Circulate Capital has invested in Nepra, which has been working with waste pickers and collectors of dry waste in Ahmedabad, Pune and Indore.
(Photo: Let’s recycle)
From collection and sorting to recycling, Circulate Capital wants to broaden interventions across the waste chain
Despite the slow-moving wheels of regulation, the idea of creating value from waste has caught the interest of entrepreneurs
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From discarded debit cards to packaging material,plastic waste is choking up our streets and oceans. Covid-19 and lockdowns made it worse as throwaways increased while collections got disrupted.
New rolling fund opens options for SaaS founders
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(Photo: Bhaskar/Mint)
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Upekkha, which runs a fully remote SaaS (software-as-a-service) startup accelerator, is launching a “rolling fund in the coming quarter. This is a concept pioneered by AngelList in the US this year as an alternative to the traditional venture capital (VC) model.
Upekkha is the first one from India to set up a rolling fund on AngelList. It has a subscription plan, where limited partners (LPs) make quarterly investments, rather than a lump sum. Think of it as the VC version of a systematic investment plan (SIP) or an equated monthly instalment.