Tag Archives: Banka BioLoo

Two Indian sanitation social ventures receive US$ 50K in funding

A sanitary pad manufacturer and a human waste management company are among the nine winners of the Artha Venture Challenge (AVC) 2013. All of them will receive up to US$ 50,000 (INR 3 million) in funding from the Artha Platform subject to due diligence and investment approval.

Anandi sanitation pad

Photo: Aakar Innovations

Award winner Aakar Innovations is a Delhi-based start-up that supplies raw materials and sanitary pad mini-factories to women’s groups in rural areas. Costing US$ 5,000, each mini-factory can produce 1500-2000 pads per day, which is enough to provide work to 10-30 women. The biodegradable Anandi pads are  made from agri-waste. One pack of 8 pads sells for 20 rupees (US$ 0.33), said to be 40% less than branded mass-market products.

Banka BioLoo is a women led business from Hyderabad, Andhra Pradesh, providing sustainable solutions for sanitation and wastewater managment based on biotechnology. It manufactures, supplies and installs biodigesters for on-site treatment of human waste.

The Artha Venture Challenge (AVC) is funded by the Artha Platform and its founding organisation Rianta Philanthropy Ltd.  AVC 2013 was inspired by the UK Big Venture Challenge run by UnLtd UK.

The Artha Platform is a members-only online community and network linking impact investors/donors, social entrepreneurs and capacity building support organisations working on or in India.

Source:

  • Anand Rai, A look at the 9 social ventures that will each receive $50K in funding as part of the Artha Venture Challenge 2013, techcircle.in, 11 Apr 2014
  • Cut from a different cloth, Economist, 14 Sep 2013