About Binbag
Binbag is a company based in Bengaluru (India) founded in 2015. Binbag has raised $948.14 thousand across 4 funding rounds from investors including Indian Institute of Management Bangalore, Ramesh Mangaleshwaran and Arindom Basu. Binbag offers products and services including E-waste Recycling, Data Destruction, EPR Compliance, and IT Refurbishing. Binbag operates in a competitive market with competitors including ERI, Wisetek, Momentum Technologies, Eco Recycling and PROSHRED, among others.
- Headquarter Bengaluru, India
- Stage Minicorn
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Sectors
Environment
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Email
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Website
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Social
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- Legal Name Binbag Environmental Services Pvt Ltd
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$163.26 K (USD)11281.24as on Mar 31, 2018
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Net Profit
$4.81 K (USD)1630.72as on Mar 31, 2018
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EBITDA
$5.15 K (USD)721.12as on Mar 31, 2018
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Total Equity Funding
$948.14 K (USD)
in 4 rounds
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Latest Funding Round
Not available
- Investors
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Employee Count
Not available
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Products & Services of Binbag
Binbag offers a comprehensive portfolio of products and services, including E-waste Recycling, Data Destruction, EPR Compliance, and IT Refurbishing.
End-to-end service for e-waste collection, recycling, and compliance.
On-site and off-site methods for secure data elimination.
Assists in meeting Extended Producer Responsibility targets.
Evaluates, refurbishes, and resells IT devices for value recovery.
Funding Insights of Binbag
Binbag has successfully raised a total of $948.14K across 4 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Binbag
Binbag has secured backing from 9 investors, including angel, institutional, and venture fund investors. Prominent investors backing the company include Indian Institute of Management Bangalore, Ramesh Mangaleshwaran and Arindom Basu.
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Ramesh Mangaleshwaran |
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Investor details for Binbag
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Investments & Acquisitions by Binbag
Investment portfolio details for Binbag
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Financial Statements - Binbag
Detailed financials for Binbag
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Binbag Comparisons
Peer comparison for Binbag
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Competitors of Binbag
Binbag 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 ERI, Wisetek, Momentum Technologies, Eco Recycling and PROSHRED, among others.
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E-waste recycling and asset disposition services are provided globally.
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E-waste recycling and remanufacturing services are provided worldwide.
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Rare earth elements from e-waste are recovered through technology solutions.
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E-waste recycling and reverse logistics services are provided.
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Secure document shredding and recycling services are provided nationwide.
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Precious metals are recovered from end-of-life materials via clean-tech solutions.
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Detailed competitors of Binbag
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Latest news on Binbag
Complete news archive for Binbag
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Frequently Asked Questions about Binbag
Binbag was founded in 2015.
Binbag is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Binbag is a funded company, having raised a total of $948.14K across 4 funding rounds to date.
Annual revenue of Binbag is $163.26K as on Mar 31, 2018.
BinBag is an online platform which provides on-demand doorstep collection of e-waste. Aims to provide last-mile connectivity to channelize e-waste for authorized recyclers. Charges INR 100 and INR 300 convenience fee from individuals and businesses respectively. Currently incubated at the N.S. Raghavan Centre for Entrepreneurial Learning at IIM Bangalore. Collected over 600Kgs of e-waste as of March 2015.
Binbag's top competitors include ERI, Wisetek and Eco Recycling.
Binbag offers E-waste Recycling, Data Destruction, EPR Compliance, and IT Refurbishing.
Binbag has 9 investors. Key investors include Indian Institute of Management Bangalore, Ramesh Mangaleshwaran, Arindom Basu, Sthapana Sharma, and Moniesha Gandhi.
The valuation of Binbag is $1.91M as of Jul 2019.