Placeholder canvas
 
Close
Igniting Ideas For impact

Embarking on a transformative journey through six chapters, we traverse India's landscape, exploring pioneering startups and their revolutionary...

8 months

India’s Online E-Waste Marketplace Allows Companies to Trade Waste and Manage It Better

Launched by startup Eco eMarket, this platform is meant to trade electronic, paper, plastic and textile waste.

India’s Online E-Waste Marketplace Allows Companies to Trade Waste and Manage It Better

A digital market place where one can trade waste as a commodity is now live in India. Launched by a startup called Eco eMarket, this platform is meant to trade electronic, paper, plastic, and textile waste.

The portal went live for e-waste on January 18 and is currently operating from Bengaluru.

ewaste

According to reports, India is the fifth-largest producer of e-waste, generating 18.5 lakh tonnes of waste annually. Open for business-to-business transactions, this platform will help organizations that want to dispose of waste in an eco-friendly manner, and aims to bridge the gap between e-waste generators and recyclers.


Also readA Small Town in West Bengal Helped Kolkata Win a Global Award for Waste Management


Eco eMarket was founded by four professionals from varying backgrounds like technology, commodity markets, and finance, and their goal is to reach all bulk-waste generators across the country. The startup will run a national digital exchange on a revenue-sharing basis with National Commodity and Derivatives Exchange (NCDEX) eMarkets, which is a trading platform, and will function like a commodity exchange platform with auction and bidding methods

Meenakshi Chidambaram, chief technology officer at Eco eMarket, told Deccan Herald that NCDEX saw relevance in their idea and signed an agreement with them. “We want to connect the approved buyers of waste with the large users of e-products such as multinationals, IT firms, corporates, and banks. We will start with e-waste and add other types of waste as we go along,” she told Economic Times.

Many e-waste generating corporates and government-approved recyclers are already on board with the startup. Claimed to be India’s first online marketplace to trade e-waste, this is definitely a big step towards a greener planet.

Know more about the platform here.

Featured image for representation only. Source: Flickr

Like this story? Or have something to share? Write to us: contact@thebetterindia.com, or connect with us on Facebook and Twitter.
NEW: Click here to get positive news on WhatsApp!

This story made me

  • feel inspired icon
    97
  • more aware icon
    121
  • better informative icon
    89
  • do something icon
    167

Tell Us More


We bring stories straight from the heart of India, to inspire millions and create a wave of impact. Our positive movement is growing bigger everyday, and we would love for you to join it.

Please contribute whatever you can, every little penny helps our team in bringing you more stories that support dreams and spread hope.

Support the biggest positivity movement section image Support the biggest positivity movement section image
Shorts

Shorts

See All
 
X
 
Sign in to get free benefits
  • Get positive stories daily on email
  • Join our community of positive ambassadors
  • Become a part of the positive movement