BizdateUp Technologies has acquired a 20% stake in Duro Green, an environment-impact startup based in Ahmedabad. Founded in 2019 by Kamlesh Bipinchandra Shah and Nishank Kamlesh Shah, Duro Green provides waste management services to businesses and communities in India. Here, we are talking about Duro Green, An Environment Impact Startup, Got 20% Acquired By Bizdateup Technologies.
By acquiring a 20% stake, BizeDateUp Technologies plans to work and collaborate closely with Duro Green to optimize operations and integrate technologies and automation. This collaboration will also help Duro Green solidify its waste management solutions position. According to a report by TERI, India’s annual waste is bout 62 million tonnes, with only 12 million tonnes of it getting treated before disposal, and the remaining ends up in landfills.
Here we are discussing Duro Green, An Environmental impact Startup, Got 20% Acquired By Bizdateup Technologies :
Duro Green develops cutting-edge waste management solutions and is dedicated to sustainable practices and environmental responsibility, which makes it different from other startups. The startup has completed over 350 projects while serving thousands of households by recycling a considerable amount of waste, which helped reduce CO2 emissions and land conservation. The co-founder of BizDateUp Technologies said that they expect India’s waste management and processing sector will see significant growth in the next 5 years. He also mentioned that initiatives like Swachh Bharat Abhiyan by the Indian government are helping them meet SGD goals. He also noted that investing this amount of money in this startup is their initial step to address various challenges while capitalizing on substantial growth opportunities.
BizDateUp showed their trust in Duro Green by saying they will lead the transformation of waste management and make way for a sustainable future in the industry. According to a report by APN news, Meet Jain, the co-founder of BizDateUp Technologies, said, “Our investment highlights our recognition of market opportunities across various waste management streams such as solar panel, sanitary waste, batteries, Glass and more. These need innovative technologies and business models to tackle”. The collaboration is expected to face these challenges and create solutions to them. So far, BizDateUp has funded over 25 startups, raising $10 million.
The founder of Duro Green, Nishant Shah, said that a startup’s approach to solving these challenges is more than the conventional collection and disposal of mixed waste. With the support of BizeDateUp, the startup will set new waste reduction and management standards while contributing to global efforts to combat climate change and promote sustainable development.
CONCLUSION
BizDateUp Technologies has acquired a 20% stake in Duro Green, an environment-impact startup that provides waste management services. This Ahmedabad-based startup was founded in 2019 by Kamlesh Bipinchandra Shah and Nishank Kamlesh Shah. BizDateUp showed its trust in Duro Green by saying it will transform waste management and ensure a sustainable future in the industry. With the support of BizeDateUp, the startup will set new waste reduction and management standards while contributing to global efforts to combat climate change and promote sustainable development.
Acquisition underscores a growing trend towards corporate responsibility and sustainability. As businesses worldwide increasingly recognize the imperative of addressing environmental concerns, partnerships like the one between Duro Green and Bizdateup Technologies exemplify a concerted effort to leverage innovation for positive social and environmental impact. the acquisition of a 20% stake in Duro Green by Bizdateup Technologies signifies more than just a strategic business move; it represents a commitment to driving sustainable innovation and creating a better future for generations to come. As these two entities join forces, they stand poised to lead the charge towards a greener, more resilient world, setting a precedent for collaboration and impact within the sustainable technology landscape.
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