About R2 PROMISE
R2 PROMISE is a company based in Bengaluru (India) founded in 2017 by Latanshu Chauhan.. R2 PROMISE offers products and services including EPR Authorization, E-Waste Management, EPR for Plastic, and EPR for Battery. R2 PROMISE operates in a competitive market with competitors including Mill, Bigbelly Solar, Candam, Clean Robotics and Junker, among others.
- Headquarter Bengaluru, India
- Founders Latanshu Chauhan
-
Sectors
Environment
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name R2 Pro Private Limited
- Jurisdiction Bangalore, Karnataka, India
-
Annual Revenue
$1.26 M (USD)206.09as on Mar 31, 2022
-
Net Profit
$28.45 K (USD)1408.76as on Mar 31, 2022
-
EBITDA
$43.24 K (USD)1072.56as on Mar 31, 2022
-
Latest Funding Round
-
Investors
Brigade REAP
& 1 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of R2 PROMISE
R2 PROMISE offers a comprehensive portfolio of products and services, including EPR Authorization, E-Waste Management, EPR for Plastic, and EPR for Battery. 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.
Service for obtaining EPR approval and planning for e-waste disposal.
End-to-end process for collecting and recycling electronic waste.
Assistance with EPR compliance for plastic waste recycling.
Service for battery waste management and regulatory obligations.
Funding Insights of R2 PROMISE
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2018 | Amount | Seed - R2 PROMISE | Valuation | Brigade REAP |
|
| Aug, 2017 | Amount | Grant - R2 PROMISE | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in R2 PROMISE
R2 PROMISE has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Brigade REAP and Startup Karnataka. 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 |
|---|---|---|---|---|
|
Urban Tech accelerator programme focusing on sustainable innovations.
|
Founded Year | Domain | Location | |
|
Support for startups in Karnataka is delivered through policies, funding, and networking services.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by R2 PROMISE
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - R2 PROMISE
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
R2 Promise Comparisons
Competitors of R2 PROMISE
R2 PROMISE 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 Mill, Bigbelly Solar, Candam, Clean Robotics and Junker, 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 |
Smart bins are provided to process waste into fertilizer.
|
|
| domain | founded_year | HQ Location |
Smart solar-powered waste bins are provided for real-time collection management.
|
|
| domain | founded_year | HQ Location |
IoT-based smart waste bins are provided for rewarded collection.
|
|
| domain | founded_year | HQ Location |
Smart trash bin robots are manufactured for recyclable waste sorting.
|
|
| domain | founded_year | HQ Location |
Household waste is differentiated by an online barcode-scanning platform.
|
|
| domain | founded_year | HQ Location |
Provider of waste management solution for food and beverage industry
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about R2 PROMISE
When was R2 PROMISE founded?
R2 PROMISE was founded in 2017.
Where is R2 PROMISE located?
R2 PROMISE is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
What is the annual revenue of R2 PROMISE?
Annual revenue of R2 PROMISE is $1.26M as on Mar 31, 2022.
What does R2 PROMISE do?
Founded in 2017 in Bengaluru, India, R2 PROMISE operates within the e-waste management sector. Legal obligations for e-waste disposal are supported through collection, recycling, and disposal services. Shared resources and compliance expertise are utilized to lower costs for producers. Management information systems and product support are delivered to facilitate regulatory adherence and efficient resource allocation across operations.
Who are the top competitors of R2 PROMISE?
R2 PROMISE's top competitors include Mill, Candam and Bigbelly Solar.
What products or services does R2 PROMISE offer?
R2 PROMISE offers EPR Authorization, E-Waste Management, EPR for Plastic, and EPR for Battery.
Who are R2 PROMISE's investors?
R2 PROMISE has 2 investors. Key investors include Brigade REAP, and Startup Karnataka.