Nitin Gupta founded Attero raises $6.3 Million fund
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Nitin Gupta founded Attero raises $6.3 Million fund

By Eureka Bharali
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Noida: Nitin Gupta and Rohan Gupta founded Noida based Attero, an e-waste recycling company has raised $6.3 million in series A funding from Bangalore based India-focused VC fund promoted by Vinod Dham NEA-IndoUS and Draper Fisher Jurvetson.

The funding will be used to establish an e-waste recycling facility in Roorkee. The plant will be an electrical and electronic waste recycling plant in an area of more than 100, 000 sq ft. "Attero is the first company to set up an end to end recycling facility for e-waste, for which the demand of their services to from the producers of E Waste," claims Gupta. Apart from a complete processing of e-Waste, it also provides client friendly services like pickup of e-waste from premises and complete data security. Moreover, Gupta says, "E-Waste recycling companies in India have only mechanical segregation plants and nobody has an end to end plant as of yet. So we believe that we are way ahead of competition." With an employee base of 15 employees the startup is planning to ramp up more plants and increase workforce.

Enlightening the growing interest of the VCs in the cleantech sphere NEA-Indo-US Ventures's Managing Director, Kumar Shiralagi says, "Close technical collaboration with a leading U.S. company for mechanical separation, a first-of-its-kind indigenous metallurgical process being developed in-house, a highly automated facility for integrated E-Waste recycling at Roorkee are just some steps taken to process e-waste efficiently."

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