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Attero, a Noida-based e-waste management company, has announced a $15-million Series C round of investment in a round led by private equity firm Forum Synergies (India). Existing investors Draper Fisher Jurvetson (DFJ), Granite Hill India Opportunity Ventures and Kalaari Capitals also participated in this round of fund.
Attero 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, Attero offers various services, including customised end-to-end solutions for e-waste 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 chief executive officer, Forum Synergies (India), said: "Attero addresses a growing environmental concern in India in a safe and efficient manner. We are confident of helping the management create a global company out of India. What attracted us to Attero was the innovative technology, the passionate and high-energy management team and their vision for growing the business."
Play IT opens office in India
Play It Interactive, a Canadian start-up, is opening an office in Mumbai to push its mobile gaming platform in India and neighbouring countries. The company, which has raised $1.1 million from individual investors for this purpose, has begun hiring its team in India. The company aims to help media companies target sports fans through its fan engagement platform to consume content generated by them and to drive time spent by users on the platform. Play It will also help sports firms build their brands using its platform.
Play IT introduced its engagement platform to Indian users during this year's football World Cup, through its Fantasy Football app.
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