Hi dear Balayogiji,
How is everything at your end?
Here in South Africa things are not improving much.
I am sharing below a automated mail on something you spoke about in Durban some 8 years back. I thought I must share this with you. This is the second idea of yours that has come to light after mass laundry machines for Railway bedsheets.
Similarly, I wish your suggestions of using commercial drones to deliver medicines may come into operation soon, at least in crowded urban areas as well as small processing units for perishable agricultural products.
The mail as received,
"If I had a rupee for every time I came across “waste to wealth” in a headline, I would at least be able to have a luxury getaway.
Anyone can tell you there’s potentially a huge market in managing the mounds of waste generated daily in India. But how do you actually run a business at scale in this space?
Abhay Deshpande thinks he has the answer.
The serial entrepreneur has made it possible for recyclers to buy and sell different materials—plastic, paper, e-waste—on his seven-year-old marketplace, Recykal. And he helps companies such as Amul and Hindustan Unilever to take back the packaging of their products from consumers.
And Recykal’s size is nothing to sneeze at. In the year ended March 2023, its GMV was $91 million. And in early 2022, it raised $29 million from investors led by Morgan Stanley.
But how can Deshpande stay the course in a business where being “clean” is not a given? Nine out of 10 transactions in waste management are in cash. Then there’s this: “Some people who sold waste through our system used stones or water to increase weight.”
Certainly not the kind of problems one would expect a tech founder to deal with. Which is what makes Seema’s interview with Deshpande unusually candid and insightful: https://the-ken.
Sincerely,
Seetharaman G
seetharaman@the-ken.com"
Yours friendly,
Danny Chetty
Durban South Africa.
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