Scrap Uncle- Modern Day Kabadiwala owner came to the second season of Shark Tank India, know about the founder and valuation
This kabaadiwala contacts you via the Scrap Uncle App—Sell Scrap Online rather than yelling outside your door.
Shark Tank India: Scrap uncle recycling made an easy complete review
The founder, Mukul Chhabra, had a business plan to create the essential “Scrapuncle,” which was well received by all the sharks. You may sell your scraps, such as newspapers, plastics, metals, electronics, and appliances, by using the Scrapuncle app with transparent pricing. You may set a time for pick-up, and they will pay you and collect scrap at your door.
A few days ago, a commercial for Business Pitcher was released in which the company’s founder claimed that the firm itself recycles its trash.
Scrap uncle on Shark Tank India, episode number, founder, revenue, valuation, deal, net worth in 2023
The company, Scrap Uncle, was founded by Mukul Chhabra. His electronic and communications engineering bachelor’s degree is from Delhi’s Indraprastha Institute of Information Technology. He has also completed programmes and courses from Draper University, Startup School Online, and the Indian Institute of Management Ahmedabad for business studies.
Recognitions
Swapeco, the previous name of ScrapUncle, has received numerous awards.
- It has received government recognition as a startup.
- Columbia University was the winner of the Urban Works Challenge. They have a capital grant for it.
- Winner of the DEF and Facebook-organized Mbillionth Awards for South Asia.
- He was chosen to attend the Y Combinator interviews in 2019.
Availability
The verified executives pick up the materials using ISO-certified digital weighing scales and pay a fair price for the scrap in accordance with rates that are frequently updated on the mobile app. Scrap Uncle Business is currently available to the majority of Delhi NCR residents.
- Even in the unpredictable unclassified market, customers receive a fair standard of pricing.
- Customers are able to schedule the pickup of the kabadiwale at their convenience.
- The Trained & Verified Pickup Staff, who can connect the junk traders, creates a secure recycling ecosystem.
- It accepts the synonym “recycle” in a responsible manner by accurately classifying it and by accurately displaying the contents of Scrap Recycle on the website.
- systematic market segmentation through the addition of clear alternatives for payments and invoicing, along with a traceable supply chain.
Pricing As Per The Market Value
On its website, Scrap Uncle Business continuously updates the scrap price based on market conditions. They accept scraps of any kind from scrap dealers. The notification identifies items that cannot be recycled and presents household products and major appliances with individual pricing. Here is a short list of approximations for the rates they charge clients for this product when they sell it as scrap:
- Newspaper -₹21/KG
- Books – ₹ 16 / KG
- Cardbook – ₹10 /KG
- Plastic – ₹12 / KG
- Iron – ₹30/KG
- Steel – ₹ 37 /KG
- Aluminum – ₹105 /KG
- Brass – ₹305 /KG
- Copper – ₹ 425 /KG
The pricing of both small and large appliances is also listed on the website for the benefit of the clients.
Statistics
- A grant for Scrap Uncle Business was for 25 lakhs.
- Previously, Kabadiwala made between Rs 30,000 and Rs 35,000; today, he makes between Rs 60,000 and Rs 70,000 through Scrap Uncle.
- 25% is the gross margin, and he had a revenue of Rs. 27.50 lakhs last month, but after scaling, it will start earning profit; it is not currently producing profit, but it is also not losing money.
- Customer acquisition costs are Rs.110.
Final Deal
| Scrap Uncle Shark Tank India Episode Number | Shark Tank India Season 2, Week 5 Episode 25 |
| Scrap Uncle Shark Tank India Episode Air Date | 3 February 2023 |
| Scrap Uncle Founder Name | Mukul Chhabra |
| Scrap Uncle Ask In Shark Tank India | 60 Lakh For 3% Equity |
| Scrap Uncle Deal In Shark Tank India | ₹60 lakh for %5 equity |
| Scrap Uncle Company Valuation | ₹6 crore |
| Scrap Uncle Investor Name | Amit Jain |
| Scrap Uncle Official Website | Scrap Uncle Website |
Business pitcher finalises a deal with Shark Amit for ₹60 lakh for 5% equity.
Season 2 of Shark Tank in India During Swachh Bharat Abhiyaan, Scrap Uncle Business recalled the popular saying from the era of Instagram and social media by saying, “Kachrewala woh kaise hua, Kachre wale to hum hain, woh safaiwala hai.” Businesses in today’s world serve as a constant reminder that we do the trash collection and they do the cleaning. You must have been motivated by this illustration of turning trash into a successful business.