Plstka, an Egyptian solid waste management startup, has raised an undisclosed Seed funding round from Alexandria Angels Network with a matching fund from Hivos.
Founded in 2021 by Ahmed ElNagar and Mahmoud Youssef, Plstka is a solid waste management and recycling company that has created a gamification mobile app to collect solid trash in the app, anyone can exchange his solid trash with discounts and vouchers coupons on various services such as food, drink and transportation.
Customers can also buy any product at a lower than market price. Plstka app provides a new in-game experience called Plstka Profitable Competition which makes users compete with each other to raise more awareness about the environment. Inbetween, there is no deposit bonus casinos Canada.
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 reflects “Waste management industry has become a necessity and important part of our growing 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”