Going Beyond The Social Stigma
On the company’s relevance a decade from now: We will be very relevant as we are into organic waste management and waste will always have to be treated. So, it will be even more relevant.
On the future of the business: As per one survey, the waste management industry in India is bound to reach $14.5 billion. We are at the tip of the iceberg. With focus coming in waste management in the last few years, we are bound to have world class solutions for the sheer amount of waste that we have.
On the importance of AI and blockchain to the business: We are probably one of the first ones to implement Internet of Things in a decentralised waste management machine. AI and blockchain is still not relevant in our industry.
On the possibility of shrinking jobs due to technology intervention in the sector: Waste management industry offers immense potential for employment, but the social stigma should not be attached to it.
On the potential of the entire industry: We are converting waste to compost which is extremely essential to firstly manage the waste and secondly, replenishing the earth with the nutrients that we take away. As mentioned earlier, the Indian waste management industry is poised to reach $14.5 billion. We have not even looked at exports in this number
Message to young entrepreneurs and startup founders: 1) Even if the partners are your best friends/relatives, have everything in writing (financial, responsibility etc.); 2) Build a team that is excited to work in a startup culture; 3) Take the people who contribute to the growth along with you; 4) Enjoy the journey, the investments, numbers, valuation is all on paper (of course, it matters) but at the end of day memories will also stay with you; 5) Have a clear distinction between a hobby and a business. Business has to create wealth.
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