COMPANY INTELLIGENCE PROFILE
Wevois Labs Private Limited
Jaipur-based, DPIIT-recognised cleantech startup providing tech-enabled municipal and commercial waste collection, segregation and processing; ~₹51 Cr FY25 revenue, Series A funded (Recur Club-backed).
WeVOIS Labs, a Jaipur-based cleantech startup recognized by DPIIT, specializes in tech-driven municipal and commercial waste management, including collection, segregation, and processing. Founded in 2018 by Abhinav Shekhar Vashistha and Abhishek Gupta, the company achieved an estimated revenue of ₹51.12 Cr for FY25. Series A funded and supported by Recur Club, it has raised a total of approximately USD 10.2M over five funding rounds.
AI-generated, may contain errors.
Business Overview
- WeVOIS Labs is a Jaipur-based cleantech/waste-management startup founded in 2018 by Abhinav Shekhar Vashistha and Abhishek Gupta.
- It provides technology-enabled, end-to-end waste management services — door-to-door collection, route optimization, segregation and processing/remediation — for municipal bodies and commercial clients, and undertakes legacy-waste remediation contracts.
- Recognised as a DPIIT startup., Sources: Inc42, Tracxn, Business Standard.
Sector & Classification
NIC 74999 — "Other professional, scientific and technical activities n.e.c." (business services); actual operations are tech-enabled municipal/commercial waste collection, segregation and processing (cleantech)
Directors & Key Management
Directors — source notes
Abhishek Gupta — DIN 08296598 (director/co-founder, appointed 06 Dec 2018); Abhinav Shekhar Vashistha — DIN 07665880 (director/co-founder, appointed 06 Dec 2018). Both DINs confirmed by Tofler; names corroborated by Falconebiz/TheCompanyCheck/Tracxn.
GST Registrations
Primary GSTIN: not obtained (no reliable individual GSTIN page could be fetched — knowyourgst/findgst/mastersindia returned errors). PAN: AACCW3281C. Home state: Rajasthan (GST state code 08). Number of registrations: not obtained. Status: not obtained.
Financials
Wevois Labs Private Limited's standalone estimated revenue for FY2024-25 is approximately ₹51.12 crore, marking a 53.97% increase year-on-year. For FY2023-24, revenue was between ₹25, 50 crore, with EBITDA growing 46.92% and net worth increasing 69.94%. Operating margin was -1.76% with a debt-to-equity ratio of 0.5.
AI-generated, may contain errors.
- Latest, FY2024-25, standalone, unaudited/estimated per aggregators: Operating revenue ≈ ₹51.12 Cr, +53.97% YoY, sources: TheCompanyCheck, Inc42; Tracxn corroborates ₹50–100 Cr band. FY2023-24 (Tofler): revenue band ₹25–50 Cr
- EBITDA growth +46.92% YoY
- Net worth growth +69.94% YoY
- Operating margin -1.76%
- Debt-to-equity ≈ 0.5. Absolute EBITDA, PAT, net worth and total borrowings figures: not obtained, not publicly disclosed by the free aggregators. Standalone
- No consolidated statements identified.
Funding History
| Series A stage. | |
| Pre-Series A USD | 4M at ~USD 10M valuation (Jun 2023), led by Innovana Thinklabs, Upaya Social Ventures, Recur Club + angels, Sunil Kumar Singhvi, Rajendra Lora. |
| Total funding | Tracxn ≈ USD 10.2M / 5 rounds / 56 investors vs Inc42 ≈ USD 4.78M+ — conflict flagged. |
| Latest round | 16 Jan 2025. |
Loans & Charges
| Charge holder | Amount | Details |
|---|---|---|
| HDFC Bank | ₹15 | |
| Sundaram Finance | ₹3 | |
| ICICI Bank | ₹2 | |
| IDFC First Bank | ₹3 | |
| Mahindra & Mahindra Financial Services | ₹0.4 Cr | + ₹0 |
| State Bank of India | ₹3 | |
| Kotak Mahindra Bank | ₹0 | |
| Cholamandalam | ₹1 | |
| Axis Bank | ~₹0 | |
| TheCompanyCheck reports | ₹66 |
- Multiple open charges registered, secured borrowings, per Tofler: 0 Cr (18 Jul 2024) + ₹0.4 Cr (24 Feb 2025)
- 0 Cr (18 Jul 2023). Tofler total ≈ ₹30.3 Cr open
- 23 Cr open charges with ₹3 Cr satisfied — source conflict on total flagged
Legal & Compliance
- One matter located on Indian Kanoon: Raja Muzaffar Bhat vs Union Territory of J&K, National Green Tribunal, 17 Apr 2025, — WeVOIS Labs appears as the awarded contractor for legacy-waste processing/remediation, recorded as having completed the contracted remediation
- Not a dispute against the company. No adverse litigation found., Source: indiankanoon.org
Competitive Landscape
- Recykal, Saahas Zero Waste, Nepra/Let's Recycle, Banyan Nation, ScrapUncle, Namo eWaste.
Frequently Asked Questions
What does WeVOIS Labs do?
WeVOIS Labs is a Jaipur-based cleantech and waste-management startup that provides technology-enabled, end-to-end waste management services including door-to-door collection, route optimization, segregation and processing for municipal bodies and commercial clients.
What is the CIN of WeVOIS Labs?
The CIN of WeVOIS Labs is U74999RJ2018PTC063218.
When was WeVOIS Labs incorporated?
WeVOIS Labs was incorporated in 2018.
Information compiled from public registry and secondary sources. It may be incomplete or dated; verify independently before relying on it.