Plstka raises Seed round for expansion
- Egypt-based cleantech startup Plstka, has raised an undisclosed Seed funding round from Alexandria Angels Network, in addition to a matching fund from Hivos.
- Founded in 2021 by Ahmed ElNagar and Mahmoud Youssef, Plstka offers on-demand doorstep waste collection services.
- The company allows people to exchange their rubbish bags with usable coupons cards.
- It primarily works in the Delta region, and is planning to use the funds to expand to more cities across Egypt.
Plstka, an Egypt-based Tech startup successfully closes an undisclosed Seed funding round from Alexandria Angels Network with a matching fund from Hivos. Founded in 2021 by Ahmed ElNagar with Co-Partner Mahmoud Youssef.
Plstka is a rewarding app that helps customers get the best benefits from their solid waste with a B2B-IoT Supply chain system for waste management. Plstka app is used to exchange solid trash by discounts and coupon vouchers in various life services such as F&B, medical services and transportation. Customers can also buy any product at a lower than market price. Plstka app provides a new in-game experience called Plstka Profitable Competition which makes users compete with each other to raise more awareness about the environment.
Ahmad ElNagar, founder and CEO of Plstka said, "We aim to acquire 1500 tons of Delta Market in Waste industry which represents $3M of the market size and covers 100K+ households to make them get best benefits from their trash and also save the environment”
AlexAngels' angel investor Dr. Khalid Al Tawil reflects “Waste management industry has become a necessity and important part of our growing global economy. The world is shifting to green energy and waste management and Plstka is targeting a blue ocean market in Egypt’s Delta where there is a huge potential for the waste management industry to grow and expand locally and globally”