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.
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 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.