Ishitva raises over $1 million led by Inflection Point Ventures

Ahmedabad-based robotic startup, Ishitva has raised a Pre-Series A round of over $1 million led by Inflection Point Ventures, one of India’s largest angel investment platforms. The funds raised will be utilized in growing sales and expanding the R&D team.

Ishitva uses AI, ML, IoT  Industry 4.0 to build efficient solutions which help in sorting complex waste. Effective sorting of waste is currently the weakest link in creating a circular value chain. Therefore, to avoid dumping and burning of dry waste, which leads to serious environmental hazards, the company focuses on leveraging industry 4.0 tools to systematically sort out waste and assess the quality of recyclable waste.

“According to MoHUA, as of January 2020, India generated 1,47,613 MT of solid waste. This is a serious situation that our country is headed to and we are seeing startups taking on this challenge to address the waste generated in the country,” Mitesh Shah, Co-founder, Inflection Point Ventures said.

Ishitva’s AI-powered sorting solutions are already installed in commercial material recovery facilities and the company is advanced stage of talks with multiple MRF facilities as well as recyclers in the plastic value chain.

Only 10% of waste is recycled in the World and the balance goes for dumping in land, water bodies, oceans, and incineration. About 66% of global waste is generated in low-income countries.