# Ishitva Robotic Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ishitva-robotic-systems

- Industry: Internet
- Headquarters: Ahmedabad, India
- Website: www.ishitva.in/
- Total disclosed funding: $0.9M
- Latest round: Series A (May 12, 2021)
- Investors on record: 4

## About

Ishitva Robotic Systems develops advanced robotic solutions for waste sorting, utilizing AI technology to enhance recycling processes and improve efficiency in waste management.Founded in 2018 in Ahmedabad, India, Ishitva Robotic Systems specializes in automated sorting solutions for recycling. The company has undergone strategic development, focusing on leveraging artificial intelligence to optimize waste management. Jitesh Dadlani is the founder, while Sandip Singh serves as CEO. Ishitva raised INR 65.120 mn in a Series A funding round on May 12, 2021, led by Inflection Point Ventures, with participation from AVI Global Plast Pvt. Ltd., GRP LTD, and Kamaljyot Investments. The company has successfully raised a total of INR 65.120 mn in funding, achieving a current valuation of INR 892.200 mn.Ishitva Robotic Systems specializes in innovative waste sorting solutions, focusing on automated sorting systems powered by artificial intelligence (AI). Their core offerings include the SUKA® AI-Powered Air Sorter and the SANJIVANI® Autonomous Material Recovery Facility (MRF). These advanced technologies efficiently separate recyclables based on specific parameters such as polymer type, color, and application, addressing the critical issue of contamination in recycling processes. Ishitva® serves a global clientele across North America, Europe, and Asia, catering to recycling facilities, waste management companies, and municipal operations aiming to enhance operational efficiency and sustainability.In the fiscal year 2022, Ishitva Robotic Systems generated revenue of INR 263,869.4 and reported an EBITDA of INR 5,691.9. The company's revenue model focuses on B2B transactions with waste management companies, recycling facilities, and municipalities, which include sales of their proprietary sorting technologies and ongoing maintenance services.Ishitva Robotic Systems plans to utilize the funds raised in May 2021 for sales growth and to expand its R&D team. The company aims to develop new products, enhancing its technology offerings in the field of automated waste sorting. Additionally, Ishitva is targeting expansion into new markets across Europe and Asia by the end of 2023, aiming to strengthen their global presence in the recycling sector.

## Funding rounds

- Series A, May 12, 2021, $0.9M — Inflection Point Ventures, Kamaljyot Investments, GRP LTD, AVI Global Plast Pvt. Ltd.

## Investors

- Inflection Point Ventures (https://capitalatlas.ai/funds/inflection-point-ventures) — Series A
- Kamaljyot Investments — Series A
- GRP LTD — Series A
- AVI Global Plast Pvt. Ltd. — Series A