Investment firm Argus Partners offers advice to Avaana Capital during the Series A funding round for Wastelink.
Wastelink, a B2B food upcycling startup, has announced that it has successfully raised approximately $3 million through a Series A fundraise. The investment was made by Avaana Capital, a climate-tech venture capital fund that focuses on backing transformative technologies.
The funds raised by Wastelink will be utilised for several purposes. A significant portion will be used to further enhance Wastelink's proprietary technology platform, aimed at improving the efficiency and sustainability of food upcycling processes. The funds will also be channelled towards expansion across India, enabling the startup to reach more businesses and contribute more effectively to food waste reduction.
In addition, the funds will be used to strengthen Wastelink's research and development capabilities. This investment will empower the startup to innovate and create new solutions, further cementing its position as a leader in the food upcycling industry.
The transaction team involved in the investment included Siddharth Malakar as a Senior Associate, Shubham Tiwary, Ananya Bhat, and Pallavi Kanakagiri, who served as Partner. It is worth noting that Argus Partners advised Avaana Capital on their investment in Wastelink, providing legal guidance throughout the process. However, Argus Partners was not specified as the investor in this transaction.
Avaana Capital invests in critical sectors to drive sustainable economic growth. Their investments aim to increase resilience and competitiveness, aligning with their mission to combat climate change and promote a greener, more sustainable future. As a climate-tech venture capital fund, Avaana Capital's focus is on backing companies that are developing innovative solutions to some of the world's most pressing environmental challenges.
This investment in Wastelink marks a significant step forward for the startup, and it is expected that the funds will be used wisely to propel the company towards greater success. The exact details of the investment round, such as whether it is the first or subsequent round for Wastelink, were not disclosed. Furthermore, there was no information provided about filling a form for publication on Bar & Bench.
In conclusion, Wastelink's successful Series A fundraise represents a significant milestone for the startup. The investment by Avaana Capital will enable Wastelink to expand its operations, enhance its technology, and strengthen its research and development capabilities, positioning the company for continued growth and success in the food upcycling industry.
