About Averda
Averda is a company based in Dubai (United Arab Emirates) founded in 1964.. The company has 29 employees as of April 05, 2024. Averda offers products and services including Urban Services, Industrial Services, Healthcare Services, Recycling and Processing, and Energy and Disposal. Averda operates in a competitive market with competitors including Attero, Viridor, Chomp, Paragon Southwest Medical Waste and Levenseat, among others.
- Headquarter Dubai, United Arab Emirates
- Employees 29 as on 05 Apr, 2024
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Sectors
Environment
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Phone
*********
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Website
*********
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Social
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- Legal Name Averda Waste Management India Private Limited
- Date of Incorporation 09 Oct, 2019
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$2.29 M (USD)1878.54as on Mar 31, 2021
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Net Profit
$-759.94 K (USD)-7831.34as on Mar 31, 2021
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EBITDA
$-609.19 K (USD)-7490.68as on Mar 31, 2021
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Latest Funding Round
$30 M (USD), Debt – Conventional
May 26, 2022
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Investors
International Finance Corporation
& 2 more
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Employee Count
29
as on Apr 05, 2024
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Products & Services of Averda
Averda offers a comprehensive portfolio of products and services, including Urban Services, Industrial Services, Healthcare Services, Recycling and Processing, and Energy and Disposal. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Services for urban waste collection and disposal needs.
Solutions for industrial waste processing and recycling.
Specialized services for medical waste handling and treatment.
Programs for material recycling and environmental processing.
Methods for energy recovery from waste materials.
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Funding Insights of Averda
- Total Funding Total Funding
- Total Rounds 3
- Last Round Debt – Conventional — $30.0M
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Debt – Conventional - Averda | Valuation |
investors |
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| Feb, 2022 | Amount | Debt – Conventional - Averda | Valuation |
investors |
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| Oct, 2008 | Amount | Series A - Averda | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Averda
Averda has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include International Finance Corporation, DFC and Growthgate. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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IFC is focused on private sector development in emerging markets.
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Founded Year | Domain | Location | |
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Government agency supporting the development of SMEs
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Founded Year | Domain | Location | |
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Growthgate Capital is engaged in direct equity investments regionally.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Averda
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Averda
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Averda Comparisons
Competitors of Averda
Averda operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Attero, Viridor, Chomp, Paragon Southwest Medical Waste and Levenseat, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Waste-to-energy facilities services are provided in the Netherlands.
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| domain | founded_year | HQ Location |
Plastics recycling and energy generation from waste are provided.
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| domain | founded_year | HQ Location |
Food waste is converted into renewable energy by Chomp.
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| domain | founded_year | HQ Location |
Medical waste processing services are provided in the United States.
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| domain | founded_year | HQ Location |
Waste management and recycling services are provided by Levenseat.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Averda
Frequently Asked Questions about Averda
When was Averda founded?
Averda was founded in 1964 and raised its 1st funding round 44 years after it was founded.
Where is Averda located?
Averda is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
How many employees does Averda have?
As of Apr 05, 2024, the latest employee count at Averda is 29.
What is the annual revenue of Averda?
Annual revenue of Averda is $2.29M as on Mar 31, 2021.
What does Averda do?
Averda offers products and services that sort, recycle, compost, incinerate and landfill waste and caters to government and commercial clients. The company has 4 brands Atria that offers contractual waste management in Lebanon and Ecoverde that offers cleaning and collection in the capital region of Angola, City bin Co a waste and recycling collection system for households and commercial clients in Ireland and Wasteman a fully integrated waste management solutions across all sectors in South Africa.
What products or services does Averda offer?
Averda offers Urban Services, Industrial Services, Healthcare Services, Recycling and Processing, and Energy and Disposal.
Who are Averda's investors?
Averda has 3 investors. Key investors include International Finance Corporation, DFC, and Growthgate.
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