Start-up PadCare aims to recycle and safely dispose of discarded sanitary pads. By means of its proprietary technique, it offers a sustainable approach to handle menstrual waste. Using a multi-stage recycling approach that sterilizes, separates, and transforms waste into recyclable materials like cellulose and plastic, the company has created a unique PadCare Bin for collecting soiled pads.
PadCare aims to provide a hygienic and environmentally sustainable method of managing menstrual waste, therefore lowering environmental contamination and advancing greater sanitation. The invention’s effect on women’s hygiene as well as sustainability has been much acknowledged.
Company Name: PadCare
Founder: Ajinkya Dhariya
Product: Menstrual Products Recycling
Highlights
1. Focused on environmentally acceptable disposal and recycling of used sanitary pads, sustainable solutions help to solve the menstrual waste issue.
2. Features a special recycling method that sterilizes, separates, and turns spent pads into reusable components like cellulose and plastic under patent.
3. PadCare Bin is a creative bin made to securely gather used sanitary pads, maintaining their hygienic quality free of odours.
4. By encouraging the recycling of menstrual hygiene items, one can help to lower environmental pollution and landfill trash.
5. Women’s Health & Hygiene: Encouragement of better sanitation practices results from a hygienic and safe method of disposal for sanitary pads.
6. PadCare wants to raise knowledge of the need of appropriate disposal and recycling for menstrual health.
Pitch Details
Ask: ₹50 lakhs for 2% equity, valuing the company at ₹25 crores.
Deal: After after negotiation Namita Thapar, Peyush Bansal, Anupam Mittal and Vineeta SIngh, finished the deal at ₹ 1 crore for 4% equity.
Investors: The investment came from Namita Thapar, Peyush Bansal, Anupam Mittal and Vineeta Singh.
Conclusion:
PadCare’s presentation on Shark Tank India Season 2 came over as really successful at last. Ajinkya Dhariya amazed the sharks with the possible social and environmental implications of their creative approach for menstrual waste disposal. The product’s original approach to sustainability and hygiene won the sharks over even if first reservations about scalability and the expenses required. PadCare negotiated a contract with Anupam Mittal and Sharks Aman Gupta, who combined offered ₹1 crore for 4% equity.
This cooperation gave the business the required capital and mentoring to grow its activities and increase the presence of its product on the market.
Excitement over the company’s ability to transform menstrual waste management and support environmental sustainability marked the closing pitch.
