Egyptian Waste Management Startup Plstka Secures Seed Funding Round

Egyptian Waste Management Startup Plstka Secures Seed Funding Round

Egypt-based cleantech startup Plstka has announced it raised an undisclosed Seed funding round from Alexandria Angels Network, in addition to a matching fund from Hivos to help it scale.

Plstka was launched in 2021 by Ahmed ElNagar and Mahmoud Youssef, to offer on-demand doorstep waste collection services.

Plstka’s rewarding app helps customers get the best benefits from their solid waste with a B2B-IoT Supply chain system for waste management. The 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.

In addition, the app allows customers to buy any product at a lower than market price and 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 speaking on Plstka’s service said that waste management has become an important aspect of the 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,” Khalid said.

Plstka primarily works in the Delta region and is planning to use the funds to expand to more cities across Egypt.