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e-waste management firm Attero raises Rs 100 cr

Forum Synergies leads third round of funding for Noida-based company

BS Reporter  |  New Delhi 

Attero, the Noida-based management company, today announced a $15 million Series C round of investment in a round led by private equity firm (India).

Existing investors (DFJ), Granite Hill India Opportunity Ventures, Kalaari Capitals also particiapated in this round of fund, said in a statement.



The company has raised 2 earlier rounds of funding from existing PE investors and debt funding from International Finance Corporation.

is the only company in India with the capability to extract pure metals from end of life electronics. To deal with the problem of electronic assets, offers various services including customized end to end solutions for management; electronics asset recovery, data security and pan-India reverse logistics along with repair, refurbishment and retailing of electronics.

Commenting on the just-concluded deal, Samir Inamdar, Co-founder, Managing Director and CEO, (India) said, “addresses a growing environmental concern in India in a safe and efficient manner. We are confident of helping management create a global company out of India. What attracted us to was the innovative technology, the passionate and high-energy management team and their vision for growing the business.”

Nitin Gupta, CEO, said, “The funding will enable us to expand geographically, grow our client base and help more businesses manage in the country and globally.”

According to recent studies, in India is set to reach 1.72 million metric tonnes by 2020. To complement its efforts towards a sustainable management solution, has also been working to formalize the informal sector, which handles a major portion of in India.

The idea is to train informal sector workers and establish a consumer collection channel, which will divert to the formal sector for responsible recycling.

is a private equity fund manager headquartered in Bangalore. It focuses on investing growth capital in SMEs and mid-market businesses in engineering, healthcare, clean technology and information and communication technology.

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e-waste management firm Attero raises Rs 100 cr

Forum Synergies leads third round of funding for Noida-based company

Attero, the Noida-based e-waste management company, today announced a $15 million Series C round of investment in a round led by private equity firm Forum Synergies (India) Attero, the Noida-based management company, today announced a $15 million Series C round of investment in a round led by private equity firm (India).

Existing investors (DFJ), Granite Hill India Opportunity Ventures, Kalaari Capitals also particiapated in this round of fund, said in a statement.

The company has raised 2 earlier rounds of funding from existing PE investors and debt funding from International Finance Corporation.

is the only company in India with the capability to extract pure metals from end of life electronics. To deal with the problem of electronic assets, offers various services including customized end to end solutions for management; electronics asset recovery, data security and pan-India reverse logistics along with repair, refurbishment and retailing of electronics.

Commenting on the just-concluded deal, Samir Inamdar, Co-founder, Managing Director and CEO, (India) said, “addresses a growing environmental concern in India in a safe and efficient manner. We are confident of helping management create a global company out of India. What attracted us to was the innovative technology, the passionate and high-energy management team and their vision for growing the business.”

Nitin Gupta, CEO, said, “The funding will enable us to expand geographically, grow our client base and help more businesses manage in the country and globally.”

According to recent studies, in India is set to reach 1.72 million metric tonnes by 2020. To complement its efforts towards a sustainable management solution, has also been working to formalize the informal sector, which handles a major portion of in India.

The idea is to train informal sector workers and establish a consumer collection channel, which will divert to the formal sector for responsible recycling.

is a private equity fund manager headquartered in Bangalore. It focuses on investing growth capital in SMEs and mid-market businesses in engineering, healthcare, clean technology and information and communication technology.
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Business Standard
177 22

e-waste management firm Attero raises Rs 100 cr

Forum Synergies leads third round of funding for Noida-based company

Attero, the Noida-based management company, today announced a $15 million Series C round of investment in a round led by private equity firm (India).

Existing investors (DFJ), Granite Hill India Opportunity Ventures, Kalaari Capitals also particiapated in this round of fund, said in a statement.

The company has raised 2 earlier rounds of funding from existing PE investors and debt funding from International Finance Corporation.

is the only company in India with the capability to extract pure metals from end of life electronics. To deal with the problem of electronic assets, offers various services including customized end to end solutions for management; electronics asset recovery, data security and pan-India reverse logistics along with repair, refurbishment and retailing of electronics.

Commenting on the just-concluded deal, Samir Inamdar, Co-founder, Managing Director and CEO, (India) said, “addresses a growing environmental concern in India in a safe and efficient manner. We are confident of helping management create a global company out of India. What attracted us to was the innovative technology, the passionate and high-energy management team and their vision for growing the business.”

Nitin Gupta, CEO, said, “The funding will enable us to expand geographically, grow our client base and help more businesses manage in the country and globally.”

According to recent studies, in India is set to reach 1.72 million metric tonnes by 2020. To complement its efforts towards a sustainable management solution, has also been working to formalize the informal sector, which handles a major portion of in India.

The idea is to train informal sector workers and establish a consumer collection channel, which will divert to the formal sector for responsible recycling.

is a private equity fund manager headquartered in Bangalore. It focuses on investing growth capital in SMEs and mid-market businesses in engineering, healthcare, clean technology and information and communication technology.

image
Business Standard
177 22