About ScrapQ
ScrapQ is an Environment company based in Hyderabad (India) founded in 2016 by Venkat Tulsi Sunkari. Recyclables are collected and sold via an online platform. 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 was last valued at $2.54 million in January 2023. Its chief executive, as recorded, is Venkat Tulsi Sunkari. Its Indian entity Scrapq Hub Private Limited reported revenue of ₹10.91 Cr. Its focus areas include Waste & Water Management, Waste Management, Collection and On-demand Collection. Its competitors include AAKRI, Greenobin and Vital Waste.
Company details
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.
- Headquarters Hyderabad, India
- Founders Venkat Tulsi Sunkari
- Stage Minicorn
- SectorsEnvironment
- Phone•••• ••••
- Website scrapq.com
- Social LinkedIn X Facebook
- Legal Name Scrapq Hub Private Limited
- Date of Incorporation 19 Oct, 2016
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹10.91 Cr
FY 2025 · +51% YoY
- Net Profit₹12.4 Lakh
FY 2025 · 1% margin
- EBITDA₹1.05 Cr
FY 2025 · 10% margin
- Total Equity Funding$713.61K (USD)
in 4 rounds
- Latest Funding Round$302.18K (USD), Seed
Jan 2023
Associated legal entities of ScrapQ
ScrapQ operates through Scrapq Hub Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Scrapq Hub Private Limited CIN U52609TG2016PTC112508 | Active | 19 Oct 2016 | Hyderabad, Telangana | ₹10.9 Cr | 4 | 5 | View details |
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 $713,612
- Total Rounds 4
- Last Round Seed — $302,183
- First Round $299,175
(Apr 2018)
- Investors Count 12
All 4 funding rounds of ScrapQ 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 |
|---|---|---|---|---|---|
| Jan 2023 | $302,183 | Seed | $2.54M | Vijayanandspecialitypapers | |
| Dec 2021 | $98,716 | Angel Round | $2.43M | Vatti Vasanth Kumar | – |
| Dec 2020 | $13,538 | Angel Round | $••••• | Padmanabha Sridhar Bommadevara | – |
| Apr 2018 | $299,175 | Angel Round | $••••• | Chillakuru Jagdish |
| Date | Valuation | Stage |
|---|---|---|
| Jan 2023 | $2.54M | •••••••• |
| Dec 2021 | $2.43M | •••••••• |
| Dec 2020 | $••••• | •••••••• |
| Apr 2018 | $••••• | •••••••• |
Full valuation and stage history of ScrapQ
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
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Verified entity values are shown only after access is granted.
Last known valuation $2.54M (Jan 2023). 12 investors in total: 1 institutional and 11 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| vijayanandspecialitypapers.tcc.mode | ||||
NR Nikitha Reddy Varakantham | unknown_c4a4015d47b04ce7b | |||
KE Komakula Easwara V N S Suresh | unknown_a00384435a6f429d8 | |||
VV Vatti Vasanth Kumar | unknown_cf462b10b75141338 | |||
PS Padmanabha Sridhar Bommadevara | unknown_6eaf668dc30c40ceb | |||
CJ Chillakuru Jagdish | unknown_7649e5cd1ee2485d9 | |||
LS Lavanya Sallagundla | unknown_0a0a655a8628414cb | |||
MU Muddana Ushasri | unknown_fc419d6c8c1d4912a | |||
MS Madhavi Saiva | unknown_a391f29ad61948059 | |||
MA Madhulatha Akkala | unknown_bd08d714c32647ca9 |
Investor details for ScrapQ
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Board of directors of Scrapq Hub Private Limited (ScrapQ)
Scrapq Hub Private Limited is the primary company behind ScrapQ. The board of Scrapq Hub Private Limited currently have 4 directors; the longest-serving is Reetu Rai Sunkari, appointed in 2016. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Reetu Rai Sunkari DIN 07629350 | Director | 19 Oct 2016 | 10 yrs | Scrapq Hub Private Limited |
| Hima Bindu Chamakura DIN 07124711 | Director | 30 Sep 2019 | 7 yrs | Scrapq Hub Private Limited |
| Venkata Tulsi Ram Sunkari DIN 09687694 | Director | 27 Oct 2021 | 5 yrs | Scrapq Hub Private Limited |
| Prabhaker Vaskari DIN 10629930 | Director | 15 May 2024 | 2 yrs 5 mo | Scrapq Hub Private Limited |
People of ScrapQ
1 people are tracked at ScrapQ (1 in leadership).
| Name | Role | Group |
|---|---|---|
Venkat Tulsi Sunkari | Founder & CEO | Leadership |
Complete people profiles for ScrapQ
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Financials of ScrapQ
Figures of Scrapq Hub Private Limited, the primary company behind ScrapQ, for FY 2025. Revenue was ₹10.91 Cr (+51% year on year). Net profit was ₹12.4 Lakh (1% margin). EBITDA was ₹1.05 Cr (10% margin). Revenue has grown at a compounded annual rate of +39% over three years and +46% over five years.
- ₹10.91 CrRevenue · FY 2025 · +51% YoY
- ₹12.4 LakhNet profit · 1% margin
- ₹1.05 CrEBITDA · 10% margin
- ₹64.8 LakhPaid-up capital
- 4Employees (provident fund records)
- +39%Revenue CAGR, 3 years
- +46%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Scrapq Hub Private Limited are on its company page.
Detailed financial statements for ScrapQ
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Verified entity values are shown only after access is granted.
Timeline of ScrapQ
4 dated milestones of ScrapQ across 7 years, from founding to its latest funding, stage changes and deals.
- Founded ScrapQ is founded.
- Funding First funding round of $299K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $302K.
Competitors of ScrapQ
ScrapQ has 3 listed competitors in our database. They include AAKRI, Greenobin and Vital Waste.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| aakri.in | 2019 | Kochi, India | 7 | On-demand waste collection services are offered via a mobile app. | ||
| greenobin.com | 2010 | Gurugram, India | Provides scrap collection and recycling services for sustainable waste management. | |||
| vitalwaste.com | 2016 | Kolkata, India | 13 | Offers recycling solutions for residential and corporate waste in Kolkata. |
Detailed competitors of ScrapQ
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Web traffic of ScrapQ
The website of ScrapQ (scrapq.com) receives about 2.6K visits a month.
- Monthly visits2.6K
▼ 46.9% vs previous month
Top companies in Waste & Water Management Systems
3 companies that operate in the same segment as ScrapQ (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 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 CEO of ScrapQ, as recorded in our data. They have also founded this 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 $299.18K, raised on Apr 2018.
The primary company behind ScrapQ, Scrapq Hub Private Limited, reported revenue of ₹10.91 Cr for FY 2025, up 51% year on year.
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.
ScrapQ operates through Scrapq Hub Private Limited.
The legal entities of ScrapQ currently have 4 directors, including Venkata Tulsi Ram Sunkari, Reetu Rai Sunkari, Hima Bindu Chamakura and others.