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
Employee Count
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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.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Seed — $302,183
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First Round
First Round
(25 Apr 2018)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2023 | Amount | Seed - ScrapQ | Valuation | Vijayanandspecialitypapers | |
| Dec, 2021 | Amount | Angel Round - ScrapQ | Valuation | Vatti Vasanth Kumar |
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| Dec, 2020 | Amount | Angel Round - ScrapQ | Valuation | Padmanabha Sridhar Bommadevara |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 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. 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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Founded Year | Domain | Location | |
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NR
Nikitha Reddy Varakantham |
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Founded Year | Domain | Location |
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KE
Komakula Easwara V N S Suresh |
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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 ScrapQ
| 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 - ScrapQ
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Scrapq Comparisons
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. 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 |
On-demand waste collection services are offered via a mobile app.
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| domain | founded_year | HQ Location |
Provides scrap collection and recycling services for sustainable waste management.
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| domain | founded_year | HQ Location |
Offers recycling solutions for residential and corporate waste in Kolkata.
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| domain | founded_year | HQ Location |
Provides on-demand waste collection services for convenient disposal.
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| domain | founded_year | HQ Location |
Offers on-demand services for collecting and managing recyclable waste.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Scrapq
Frequently Asked Questions about ScrapQ
When was ScrapQ founded?
ScrapQ was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is ScrapQ located?
ScrapQ is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Who is the current CEO of ScrapQ?
Venkat Tulsi Sunkari is the current CEO of ScrapQ. They have also founded this company.
Is ScrapQ a funded company?
ScrapQ is a funded company, having raised a total of $713.61K across 4 funding rounds to date. The company's 1st funding round was a Angel Round of $13.54K, raised on Apr 25, 2018.
What is the annual revenue of ScrapQ?
Annual revenue of ScrapQ is $690.34K as on Mar 31, 2023.
What does ScrapQ do?
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.
Who are the top competitors of ScrapQ?
ScrapQ's top competitors include AAKRI, Vital Waste and Greenobin.
Who are ScrapQ's investors?
ScrapQ has 12 investors. Key investors include Vijayanandspecialitypapers, Nikitha Reddy Varakantham, Komakula Easwara V N S Suresh, Vatti Vasanth Kumar, and Padmanabha Sridhar Bommadevara.
What is ScrapQ's valuation?
The valuation of ScrapQ is $2.54M as of Jan 2023.