About ScrapQ
ScrapQ is a company based in Hyderabad (India) founded in 2016 by Venkat Tulsi Sunkari. ScrapQ has raised $713.61 thousand across 4 funding rounds from investors including Vijayanandspecialitypapers, Nikitha Reddy Varakantham and Komakula Easwara V N S Suresh. ScrapQ operates in a competitive market with competitors including AAKRI, Greenobin, Vital Waste, Hello Kabadi and RecycleMyBin, among others.
- Headquarter Hyderabad, India
- Founders Venkat Tulsi Sunkari
- Stage Minicorn
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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 Scrapq Hub Private Limited
- Date of Incorporation 19 Oct, 2016
- Jurisdiction Hyderabad, Telangana, India
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Annual Revenue
$690.34 K (USD)40.6as on Mar 31, 2023
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Net Profit
-$23.14 K (USD)84.33as on Mar 31, 2023
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EBITDA
$48.66 K (USD)164.74as on Mar 31, 2023
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Total Equity Funding
$713.61 K (USD)
in 4 rounds
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Latest Funding Round
$302.18 K (USD), Seed
Jan 03, 2023
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Investors
Vijayanandspecialitypapers
& 11 more
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Employee Count
Not available
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Funding Insights of ScrapQ
ScrapQ has successfully raised a total of $713.61K across 4 strategic funding rounds. The most recent funding activity was a Seed round of $302.18 thousand completed in January 2023. 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 ScrapQ
ScrapQ has secured backing from 12 investors, including institutional and angel investors. Prominent investors backing the company include Vijayanandspecialitypapers, Nikitha Reddy Varakantham and Komakula Easwara V N S Suresh.
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Nikitha Reddy Varakantham |
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Komakula Easwara V N S Suresh |
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Investor details for ScrapQ
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Investments & Acquisitions by ScrapQ
Investment portfolio details for ScrapQ
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Financial Statements - ScrapQ
Detailed financials for ScrapQ
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Scrapq Comparisons
Peer comparison for ScrapQ
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Competitors of ScrapQ
ScrapQ 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 AAKRI, Greenobin, Vital Waste, Hello Kabadi and RecycleMyBin, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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On-demand waste collection services are offered via a mobile app.
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Provides scrap collection and recycling services for sustainable waste management.
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Offers recycling solutions for residential and corporate waste in Kolkata.
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Provides on-demand waste collection services for convenient disposal.
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Offers on-demand services for collecting and managing recyclable waste.
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Detailed competitors of ScrapQ
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Latest news on Scrapq
Complete news archive for ScrapQ
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Frequently Asked Questions about ScrapQ
ScrapQ was founded in 2016 and raised its 1st funding round 2 years after it was founded.
ScrapQ is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Venkat Tulsi Sunkari is the current CEO of ScrapQ. They have also founded this company.
ScrapQ is a funded company, having raised a total of $713.61K across 4 funding rounds to date.
Annual revenue of ScrapQ is $690.34K as on Mar 31, 2023.
ScrapQ was founded in 2016 in Hyderabad, India, as an online platform in the recycling sector. Operations focus on facilitating the collection and sale of various recyclables, including newspapers, plastics, metals, books, cartons, electronics, and appliances. A mobile application is provided for both Android and iOS users to support these services across the region.
ScrapQ's top competitors include AAKRI, Vital Waste and Greenobin.
ScrapQ has 12 investors. Key investors include Vijayanandspecialitypapers, Nikitha Reddy Varakantham, Komakula Easwara V N S Suresh, Vatti Vasanth Kumar, and Padmanabha Sridhar Bommadevara.
The valuation of ScrapQ is $2.54M as of Jan 2023.