Scrapcart Launches AI-Powered Marketplace To Revolutionise India’s $18 Billion Scrap Economy

Scrapcart has officially launched India’s first AI-driven industrial scrap marketplace, aiming to digitise and streamline the country’s vast but fragmented waste ecosystem. With over 62 million tonnes of waste generated annually, the platform targets ferrous, non-ferrous, and e-waste segments, aligning with national circular economy goals.

Key Features Of The Platform

- Real-time bidding and price transparency for scrap materials  
- AI-enabled tools for volume, quality, and price estimation  
- GPS tracking and digital weight slips for automated documentation  
- Escrow-backed secure payments and digital contracts  
- ESG compliance support through digital audits and reporting  

Strategic Objectives

- Eliminate middlemen and reduce thefts and price leakages  
- Empower MNCs, SMEs, and recyclers with structured, tech-enabled scrap management  
- Support Swachh Bharat and extended producer responsibility mandates  
- Deliver end-to-end logistics and managed services for buyers and sellers  

Founding Team

- Vineet Relia, Founder: B.Tech from MIT Manipal, former CXO in IT and real estate  
- Shobhit Jaiswal, Co-Founder: IIT Delhi alum, ex-UN consultant, Nobel Peace Prize recipient (2020, WFP)  
- Susheel Kumar, Co-Founder: IIT Delhi alum, former leader at Ola, Udaan, EY, and Pristyn Care  

Scrapcart’s launch marks a pivotal moment in India’s journey toward sustainable waste management, offering a scalable, secure, and compliant solution for industrial scrap trading.

Sources: CXOToday, Scrapcart.com, Scrapkart, The Kabadiwala, CNBC TV18, Economic Times.