success-story: Bhopal’s “The Kabadiwala” got ₹15 crore funding from Mumbai, an idea made a millionaire – न्यूज़लीड India

success-story: Bhopal’s “The Kabadiwala” got ₹15 crore funding from Mumbai, an idea made a millionaire


oi-Laxminarayan Malviya


Published: Thursday, November 24, 2022, 23:46 [IST]

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Success-story: The success story of two youths of Bhopal, who are struggling with unemployment and financial crunch in the state, will serve to fill the youth with enthusiasm for some work. In fact, two youths of Bhopal never had money to pay for college fees, but an idea changed their fortunes. This story is about Bhopal’s scrap best startup The Kabadiwala. Who has received a huge funding of Rs 15 crore from Mumbai’s investor firm to scale up his startup. This is the first time in the state that a scrap business startup has received such huge funding. Let’s know about the success story of “The Kabadiwala”…

The Kabadiwala receives ₹15 crore funding from Mumbai

“The Kabadiwala” receives ₹15 crore funding from Mumbai

The founders of “The Kabadiwala” Anurag Asati and Ravindra Raghuvanshi are residents of Bhopal. Anurag studied engineering from Oriental College, Bhopal while Kavindra was a professor. He told that in 2014 the idea of ​​buying scrap online came to his mind. After this he prepared his website. He told that he did not do much research to start this startup and started working from day one. Kept learning while working. Orders started coming on call. It took a few years for people to know the Kabadiwala. After that many calls started coming.

10 crores annual turnover

Anurag Asati of “The Kabadiwala” points out that the startup faced many *ups and downs*. People in Bhopal also have a sense of hatred towards this business. But today the annual turnover of “The Kabadiwala” is more than 10 crores. It is running in 5 cities of the country, Bhopal, Indore, Lucknow, Raipur and Nagpur. About 300 people are working in our company. He told that in future we are planning to start it in 30 to 40 cities. He told that he started this startup with zero investment. But today after receiving funding of ₹ 15 crores from Mumbai, we are even more excited.

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english summary

Success Story: Bhopal “The Kabaddiwala” Receives ₹15 Crore Funding From Mumbai

Story first published: Thursday, November 24, 2022, 23:46 [IST]

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