Full information about startup Vikalp.io ReCycleBot on Unicorns Club

15 h

27 m

06 s

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15 h

27 m

06 s

Now's your moment: join as a startup or investor and get a welcome bonus — earn up to

Please wait, the image is uploading...

The uploaded image must not exceed 20 MB. Acceptable formats: .jpg, .jpeg, .png, .webp

Vikalp.io ReCycleBot

Vikalp.io ReCycleBot is a sustainability-driven AI solution for brands, spaces, consumers, and recyclers, helping them promotes environmental responsibility and economic efficiency through automatic waste segregation at source and sustainable reward program

Spotlight

Vikalp.io ReCycleBot is a founder-backed startup, currently raising $1M

The startup is in the validation stage and has onboarded early users

The company is focused on Middle East, Asia

Current funding roundRound is open

Stage

Pre-Seed

Round size

$1M

Pre-money valuation

Limited Access

Investor equity

Limited Access

Revenue in the last 12 months

Limited Access

Valuation in 4 years

Limited Access

Instrument type

EquityPost-moneySAFE

Target date

Dec 2024

Growth Forecast

Limited access

This data is under wraps

Funding readiness level

8/9

Organized corporate structure for investment, term sheet negotiations.

- The company is reasonably structured e.g. in terms of agreements, ownership (not fragmented or significant parts held by inactive/non-contributing persons) etc.
- There is formal order in the company e.g. bookkeeping, documentation etc.
- Clear interest and discussions (on term sheet level or similar)with interested investor(s)
- All necessary material often required by investors in place (financials, business plan)
- Concrete discussions with one or several possible investors that clearly are interested.

team Readiness Level

7/9

Fully developed team and culture.

- Culture is formed and used to develop and support the team and company development
- The team is well aligned with shared goals/vision and the team is well functioning with clear roles
- The team is proactively developing their skills, cooperation etc. and there is a plan for this.
- Some additional recruitment needs might exist. e.g. a new CEO or key technical personnel
- There is a plan for necessary recruitments and needed resources over longer term (~2 yrs)

Team Background

Background:

Not applicable

Meet the Team

Co-Founder

Nimit Solanki

CEO (Chief Executive Officer)

Co-Founder

Nimit Solanki

CEO (Chief Executive Officer)

Key metrics & Growth Rate

Revenue

Paid users

All users

Limited access

This data is under wraps

ABOUT

Demo

2 Oct 2024

Vikalp.io ReCycleBot is transforming the waste management industry by integrating advanced AI and IoT technologies to ensure precise waste segregation at the source. By creating an interconnected ecosystem of brands, spaces, consumers, and recyclers, it promotes sustainable practices and operational efficiency. Brands can engage consumers through recycling incentives, while spaces earn revenue from high-quality segregated waste. Recyclers benefit from improved sorting, enhancing their efficiency

Details

Industries

Artificial IntelligenceEnergy / SustainabilityAdTech / MarTechIndustrial IoT (Internet of Things)Crypto / BlockchainAnalytics

Start date

1 Apr 2024

Name of legal entity

Sustainable Tech Innovations Private Limited

Incorporation date

25 Apr 2024

Company location

India

Country where most of the founders are currently located

United Arab Emirates

Website

vikalp.io

STARTUP READINESS LEVEL

7/9

Validating revenue model

With revenue generation underway and a core team in place, we're experimenting with pricing and revenue streams to align with market demand, focusing on sustainability and scalability.

business Readiness Level

6/9

Customer-verified full business model with test sales.

- A complete business model incl. the pricing is tested vs. customers by test sales or similar.
- The revenue model incl. pricing is updated and refined based on customer feedback.
- First more complete projections on revenue/costs (profit and loss projections or similar) with more details and well-grounded assumptions/data (e.g. 1-3 years horizon)

Marketing

Marketing strategy

Limited Access

Channels

Limited Access

customer Readiness Level

7/9

Extended customer testing or initial test sales.

- Customer agreements in place- first sales and/or test sales of product versions take place (customer validation to show initial product-market fit).
- Customers and relevant stakeholders engaged in product qualifications/extended testing.
- Ramp up of business development and sales efforts according to sales process and roadmap.

Customers geography

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7 key updates

Last updated: 2 October 2024

Now's your moment: join as a startup or investor and get a welcome bonus — earn up to 350 Sparks

Now's your moment: join as a startup or investor and get a welcome bonus — earn up to 350 Sparks

Vikalp.io ReCycleBot

Spotlight

Vikalp.io ReCycleBot is a founder-backed startup, currently raising $1M

The startup is in the validation stage and has onboarded early users

The company is focused on Middle East, Asia

Current funding roundRound is open

Stage

Round size

Pre-money valuation

Investor equity

Revenue in the last 12 months

Valuation in 4 years

Instrument type

Target date

Growth Forecast

Funding readiness level

8/9

Organized corporate structure for investment, term sheet negotiations.

team Readiness Level

7/9

Fully developed team and culture.

Team Background

Background:

Meet the Team

Nimit Solanki

Nimit Solanki

Key metrics & Growth Rate

Revenue

Paid users

All users

ABOUT

Details

Industries

Start date

Name of legal entity

Incorporation date

Company location

Country where most of the founders are currently located

Website

STARTUP READINESS LEVEL

7/9

Validating revenue model

business Readiness Level

6/9

Customer-verified full business model with test sales.

Marketing

Marketing strategy

Channels

customer Readiness Level

7/9

Extended customer testing or initial test sales.

Customers geography

Now's your moment: join as a startup or investor and get a welcome bonus — earn up to

Now's your moment: join as a startup or investor and get a welcome bonus — earn up to