About BinIt
BinIt is a company based in New York (United States) founded in 2018 by Raghav Mecheri and Ajit Akole.. BinIt has raised $10.05 million across 3 funding rounds from investors including Neotribe. BinIt offers products and services including Visia Platform, Hardware Systems, and Data Services. BinIt operates in a competitive market with competitors including Polytag, Trashify, Tennaxia, Wellness TechGroup and RECOTECH, among others.
- Headquarter New York, United States
- Founders Raghav Mecheri, Ajit Akole
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Sectors
Environment
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Email
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Phone
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Website
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Social
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- Legal Name Binit, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$10.05 M (USD)
in 3 rounds
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Latest Funding Round
$3.65 M (USD), Seed
Feb 14, 2025
- Investors
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Employee Count
Employee Count
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Products & Services of BinIt
BinIt offers a comprehensive portfolio of products and services, including Visia Platform, Hardware Systems, and Data Services. 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.
Software for hazard detection and real-time material analysis.
X-ray and camera tools for inbound material inspection.
Tools for material traceability and reporting integration.
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Funding Insights of BinIt
BinIt has successfully raised a total of $10.05M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $3.65 million completed in February 2025. 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.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Seed — $3.6M
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2025 | Amount | Seed - BinIt | Valuation |
investors |
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| Jan, 2024 | Amount | Seed - BinIt | Valuation |
investors |
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| Jun, 2022 | Amount | Seed - BinIt | Valuation | Neotribe |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 BinIt
BinIt has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Neotribe. 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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Venture capital firm focused on tech sectors
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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 BinIt
| 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 - BinIt
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Binit Comparisons
Competitors of BinIt
BinIt 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 Polytag, Trashify, Tennaxia, Wellness TechGroup and RECOTECH, 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 |
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| domain | founded_year | HQ Location |
Packaging is tagged and traced through recycling to generate data.
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| domain | founded_year | HQ Location |
No-code computer vision platform is offered for operational enhancements.
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| domain | founded_year | HQ Location |
Software solutions for waste management compliance and monitoring are provided.
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| domain | founded_year | HQ Location |
Data intelligence software is provided for smart city data analysis.
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| domain | founded_year | HQ Location |
Waste data is recorded and visualized via a cloud-based platform.
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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 Binit
Frequently Asked Questions about BinIt
When was BinIt founded?
BinIt was founded in 2018 and raised its 1st funding round 4 years after it was founded.
Where is BinIt located?
BinIt is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of BinIt?
Raghav Mecheri is the current CEO of BinIt. They have also founded this company.
Is BinIt a funded company?
BinIt is a funded company, having raised a total of $10.05M across 3 funding rounds to date.
What does BinIt do?
Provider of AI-based intelligent analytics for waste management. It offers solution such as digitize waste stream, analyze, tracking, and more.
Who are the top competitors of BinIt?
What products or services does BinIt offer?
BinIt offers Visia Platform, Hardware Systems, and Data Services.
Who are BinIt's investors?
BinIt has 1 investor. Key investors include Neotribe.
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