New Delhi, August 13, 2025: Scrapcart has launched what it calls India’s first AI-powered marketplace for industrial scrap, aiming to bring structure, transparency, and compliance to the country’s USD 18 billion scrap market. The platform is designed to facilitate responsible disposal of industrial waste by industries, MNCs, SMEs, and recyclers, while enabling efficient transactions through technology.
Built on the principles of price transparency, assured material quality and quantity, easy documentation, and adherence to ESG compliance, Scrapcart’s platform offers real-time bidding for scrap supported by digital audits, secure payments, and seamless logistics. It covers various categories of scrap including ferrous, non-ferrous, and e-waste.
“The Indian scrap ecosystem is vast, yet under-digitised. At Scrapcart, we are building a scalable solution for industrial scrap including ferrous, non-ferrous, and e-waste that removes inefficiencies, empowers recyclers and makes responsible recycling not just possible but profitable,” said Vineet Relia, Founder, Scrapcart. “Our AI-powered tech platform brings in accountability, compliance, and growth across our value chain with minimum human intervention,” he added.
India generates over 62 million tonnes of waste annually, yet the scrap trade remains largely unorganised, facing challenges such as middlemen dominance, trust deficits, logistical inefficiencies, and compliance issues. Scrapcart’s solution aims to address these challenges while aligning with national circular economy goals, such as the Swachh Bharat Mission and extended producer responsibility (EPR) mandates.
By removing traditional intermediaries from the supply chain, the platform seeks to curb theft and price leakages. Its AI-enabled features estimate scrap volume, quality, and pricing, while GPS tracking and digital weight slips ensure traceability. Transactions are conducted through secure, paperless methods backed by escrow systems and digital contracts.
The company also emphasizes regulatory and sustainability compliance through digital audits and reporting tools, enabling enterprises to meet environmental goals and adhere to statutory requirements.
Scrapcart’s managed services approach covers end-to-end logistics, while its tech-driven marketplace facilitates the discovery, sale, and purchase of scrap with reduced risks and increased efficiency for all stakeholders.
By integrating technology, compliance, and logistics, the platform aims to make scrap trading more transparent, accountable, and profitable, contributing to both economic value and environmental responsibility in India’s growing waste management sector.
x
