Social VC Investments
Waste processing co PadCare raises Rs.5-Cr from Social Capital, others
PadCare, a Pune-based waste processing and recycling firm, has raised INR 5 crore in a seed funding round from Social Alpha, Lavni Ventures, 3i Partners, Rainmatter, and Spectrum Impact. The startup will use the fresh capital to expand operations across other cities in the next 24 months. Started in 2018 by Ajinkya Dhariya, PadCare operates in the menstrual hygiene space. The firm creates ways for women to make sustainable choices, without having to change their preferences. It currently operates out of six metro cities. PadCare claims to work with corporates including Capgemini, Aditya Birla Group, and P&G.
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