New Delhi: Scrapcart has announced the launch of its AI-powered industrial scrap marketplace with the goal of transforming the country’s $18 billion waste economy.
In a press release, the company has stated that the platform aims to bring transparency, efficiency, and compliance to a sector that generates over 62 million tonnes of waste annually yet remains highly unorganised.
Targeting industries, MNCs, SMEs, and recyclers, Scrapcart eliminates middlemen, trust gaps, logistics challenges, and compliance hurdles by offering a smart, AI-driven platform for buying and selling scrap — including ferrous, non-ferrous, and e-waste.
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Key Features of Scrapcart
- Price Transparency: Real-time bidding ensures fair market pricing and maximised returns.
- AI-Enabled Tracking: Artificial Intelligence tools for volume, quality, and price estimation.
- Digital Traceability: GPS-enabled tracking, automated documentation, and digital weight slips.
- Secure Payments: Escrow-backed, paperless transactions with digital contracts.
- ESG & Compliance: Digital audits and reporting to meet sustainability and EPR requirements.
“Our AI-powered tech platform brings accountability, compliance, and scalability to the scrap trade with minimal human intervention,” said Vineet Relia, Founder of Scrapcart. “We’re building a solution that makes responsible recycling both possible and profitable.”
Impact on the Scrap Industry
Scrapcart’s platform addresses one of the biggest challenges in the industry — daily scrap price fluctuations — by creating a structured, secure, and predictable transaction environment.
With its managed services for logistics and a fully digitised scrap discovery, sale, and purchase process, Scrapcart enables organisations to extract maximum value from their scrap while supporting India’s circular economy goals.
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Scrapcart Co-Founders
- Vineet Relia (Founder) — B.Tech, MIT Manipal; former CXO in IT & real estate; ex-Managing Partner at Inojo Interim Management.
- Shobhit Jaiswal (Co-founder) — IIT Delhi alum, former UN consultant, Nobel Peace Prize recipient (2020, WFP), with expertise in large-scale impact programs.
- Susheel Kumar (Co-founder) — IIT Delhi alum, former leader at EY; operational leadership experience in Ola, Udaan, Zingbus, and Pristyn Care.
With this launch, Scrapcart positions itself as a scalable, future-ready solution to digitise and formalise India’s vast industrial scrap market while delivering measurable ESG impact.
