About Neo San
Neo San is an Environment company based in Bengaluru (India) founded in 2018 by Dhwaj Bagrecha. Decentralized incinerator solutions for reject waste are provided. Neo San has raised $2.15 million across 5 funding rounds from investors including Anirban Lahiri, Aman Poddar and Vanshay Goenka. Neo San was last valued at $6.57 million in November 2023. Its chief executive, as recorded, is Dhwaj Bagrecha. Neo San offers products and services including NEO-X Incinerator and Bio-Medical Waste Disposal Systems. Its focus areas include Waste & Water Management, Waste Management, Treatment and Processing.
Company details
Founded in 2018 and based in Bengaluru, India, Neo San operates in the waste management sector. Decentralized incineration systems are offered for non-recyclable reject waste, utilizing combustion processes at the source. Operations focus on reducing landfill dependency and achieving net-zero emissions through efficient waste handling. Services target users seeking localized solutions for sustainable waste disposal.
- Annual Revenue$9.71 K (USD)-33as on Mar 31, 2024
- Net Profit-$350.83 K (USD)-631as on Mar 31, 2024
- EBITDA-$347.56 K (USD)-626as on Mar 31, 2024
- Total Equity Funding$2.15M (USD)
in 5 rounds
- Latest Funding Round$1.5M (USD), Seed
May 2024
- InvestorsRBAC
& 14 more
Associated legal entities of Neo San
Neo San is associated with 2 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Kneeoh Sanitation Llp CIN AAW-7846 | Active | 21 Apr 2021 | Bangalore, Karnataka | 2 | View details | ||
| Neo San Private Limited CIN U29309KA2022PTC157328 | Active | 01 Feb 2022 | Bangalore, Karnataka | ₹0.5 Cr | 4 | View details |
Products & Services of Neo San
Neo San offers a comprehensive portfolio of products and services, including NEO-X Incinerator and Bio-Medical Waste Disposal Systems.
Decentralised device for burning reject waste with 98% emission reduction.
Systems for safe, on-site disposal of hazardous medical waste.
Funding Insights of Neo San
Neo San has successfully raised a total of $2.15M across 5 strategic funding rounds. The most recent funding activity was a Seed round of $1.5 million completed in May 2024. 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 $2.15M
- Total Rounds 5
- Last Round Seed — $1.5M
- First Round $23,592
(Apr 2022)
- Investors Count 15
All 5 funding rounds of Neo San with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2024 | $1.5M | Seed | – | Ashish Rameshchandra Kacholia, Agarwalla and Company | |
| Nov 2023 | $550,166 | Angel Round | $6.57M | Anirban Lahiri | |
| Jan 2023 | $30,406 | Angel Round | $6.1M | Vanshay Goenka | |
| May 2022 | $41,465 | Angel Round | $••••• | Mammen Kurien | |
| Apr 2022 | $23,592 | Angel Round | $••••• | Aman Poddar | – |
| Date | Valuation | Stage |
|---|---|---|
| Nov 2023 | $6.57M | •••••••• |
| Jan 2023 | $6.1M | •••••••• |
| May 2022 | $••••• | •••••••• |
| Apr 2022 | $••••• | •••••••• |
Full valuation and stage history of Neo San
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $6.57M (Nov 2023). 15 investors in total: 1 institutional and 14 angel.
Investors in Neo San
Neo San has secured backing from 15 investors, including angel and institutional investors. Prominent investors backing the company include Anirban Lahiri, Aman Poddar and Vanshay Goenka.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
RBAC is recognized as a leading manufacturer of grey and ductile iron castings for global infrastructure needs. | 1958 | rbagarwalla.com | Kolkata, India | |
AL Anirban Lahiri | unknown_4edd2261d0504b0ba | |||
AP Aman Poddar | unknown_5869a1910b8f45799 | |||
VG Vanshay Goenka | Angel investor and entrepreneur, focusing on early-stage Indian startups. | unknown_cf313224e00343219 | ||
AK Ashish Kacholia | unknown_d2e2ec250a3242e8a | |||
AR Apurva Ramesh Damani | unknown_ab807b7bf52642f3a | |||
MK Mammen Kurien | unknown_d139ae582d1e42c3a | |||
ST Sandeep Telang | unknown_760a1f99b1f14d5bb | |||
AJ Aaradhana Jhunjhunwala | unknown_69145ac3b7bb46d29 | |||
AR Ashish Rameshchandra Kacholia | Prominent Indian angel investor, co-founder of Hungama Digital, focuses on early-stage startups. | unknown_e8671e09eeab4e4b8 |
Investor details for Neo San
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Neo San
The boards of the 2 registered companies of Neo San currently have 4 directors; the longest-serving is Babitha Bagrecha, appointed in 2021. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Babitha Bagrecha DIN 09153827 | Designated Partner | 21 Apr 2021 | 5 yrs 6 mo | Kneeoh Sanitation Llp, Neo San Private Limited |
| Dhwaj Bagrecha DIN 09153826 | Designated Partner | 21 Apr 2021 | 5 yrs 6 mo | Kneeoh Sanitation Llp, Neo San Private Limited |
| Aman Poddar DIN 08240572 | Additional Director | 01 Apr 2024 | 2 yrs 7 mo | Neo San Private Limited |
| Haresh Purshottam Patel DIN 02072461 | Nominee Director | 01 Apr 2024 | 2 yrs 7 mo | Neo San Private Limited |
People of Neo San
1 people are tracked at Neo San (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership |
Complete people profiles for Neo San
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of Neo San
Figures of Neo San Private Limited, the primary company behind Neo San, for FY 2025. Revenue was ₹51.1 Lakh (+536% year on year). Net loss was -₹3.42 Cr (-669% margin). EBITDA was -₹3.33 Cr (-651% margin).
- ₹51.1 LakhRevenue · FY 2025 · +536% YoY
- -₹3.42 CrNet loss · -669% margin
- -₹3.33 CrEBITDA · -651% margin
- ₹1.2 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Neo San Private Limited are on its company page.
Detailed financial statements for Neo San
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Neo San
4 dated milestones of Neo San across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Neo San is founded.
- Funding First funding round of $24K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $1.5M.
Top companies in Waste & Water Management Systems
3 companies that operate in the same segment as Neo San (Waste & Water Management Systems) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of climate-smart deeptech solutions for renewable energy and sustainable agriculture | 2010 | Pune, Maharashtra, India | USD 76.38 M | USD 56.11 M | 702 | |
Provider of smart water purifier rental and maintenance services | 2016 | Bengaluru, Karnataka, India | USD 19.29 M | USD 3.62 M | ||
Tech-based solid waste management and recycling solutions are provided. | 2008 | Noida, Uttar Pradesh, India | USD 31.1 M | USD 52.13 M | 106 |
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Related news about Neo San
Complete news archive for Neo San
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Frequently Asked Questions about Neo San
Neo San was founded in 2018 and raised its 1st funding round 4 years after it was founded.
Neo San is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Dhwaj Bagrecha is the CEO of Neo San, as recorded in our data. They have also founded this company.
Neo San is a funded company, having raised a total of $2.15M across 5 funding rounds to date. The company's 1st funding round was a Angel Round of $23.59K, raised on Apr 2022.
Annual revenue of Neo San is $9.71K as on Mar 31, 2024.
Founded in 2018 and based in Bengaluru, India, Neo San operates in the waste management sector. Decentralized incineration systems are offered for non-recyclable reject waste, utilizing combustion processes at the source. Operations focus on reducing landfill dependency and achieving net-zero emissions through efficient waste handling. Services target users seeking localized solutions for sustainable waste disposal.
Neo San offers NEO-X Incinerator and Bio-Medical Waste Disposal Systems.
Neo San has 15 investors. Key investors include Anirban Lahiri, Aman Poddar, Vanshay Goenka, Ashish Kacholia, and Apurva Ramesh Damani.
The valuation of Neo San is $6.57M as of Nov 2023.
Neo San is associated with 2 legal entities: Kneeoh Sanitation Llp, Neo San Private Limited.
The legal entities of Neo San currently have 4 directors, including Babitha Bagrecha, Dhwaj Bagrecha, Aman Poddar and others.