Without by Ashaya Has Raised ₹75 lakh From Shark Tank India S3

Without by Ashaya has ₹75 lakh from Shark Tank India Season 3. Peyush Bansal and Ronnie Screwvala invested in this startup. Pitcher made an ask of ₹75 lakh for 1% equity. And the deal was done with ₹75 lakh for 3% equity in the company.

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About the Without by Ashaya:

“Without by Ashaya” innovates by chemically transforming plastic waste into a versatile material, offering diverse utility. The business showcased sunglasses crafted from this new material on Shark Tank India, demonstrating its potential.

While plastic reuse is common, the utilization of waste from items like chip packets remains untapped. Through his publication ‘With’, he endeavours to promote the reuse of all items within his community.

By experimenting with plastic, he showcases the myriad uses of the innovative plastic-based material on his website. These utilities are categorized according to industry departments, with plans to integrate this objective into revenue streams and grants.

About the Founders:

The founder of the company is Anish Malpani. Anish Malpani, a graduate of the University of Texas with a Bachelor of Science in Business Administration, is passionate about data science and programming languages. He has held various leadership positions, including Director, Consultant, and Finance Analyst, showcasing his diverse expertise.

Without by Ashaya Business Statistics:

There are no specific statistics of the business yet, because till now they have only worked on research. However, because of this sample product, he keeps getting funds as much as ₹ 15 lakh, so that he can carry forward the work. Apart from this, he has received a grant of ₹60 lakh.

Currently, they are able to recycle 5 kg material in a day, in future they want to recycle 50 to 100 kg material. And they want to improve the lives of 15 lakh waste pickers in India by providing them with a source of income.

They are selling 3 types of sunglasses: Basic priced at ₹1000, Mid Quality at ₹1599, and Polarized at ₹2500. The business has raised ₹4.9 crore in 2023 at a valuation cap of ₹52 crore. On his own behalf, the founder has invested ₹1.8 crore.

The Business Vision of Without by Ashaya:

“Without by Ashaya” utilizes new technology to convert unrecyclable plastic waste into raw material capable of serving multiple utilities.

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