New Delhi, Delhi, India | 15th August 2025: Scrapcart has emerged as a game-changer in India’s waste management sector, offering industries, MNCs, SMEs, and recyclers a smarter, more transparent way to trade and dispose of scrap responsibly. By combining cutting-edge AI technology with a robust compliance framework, the platform enables organisations to unlock maximum value from scrap while contributing to environmental sustainability.
Revolutionising Scrap Management with AI
As India’s first AI-powered marketplace for industrial scrap trade, Scrapcart is built on four core principles—price transparency, seamless documentation, assured quality and quantity, and strong ESG compliance. The platform supports real-time bidding for scrap, backed by secure payments, digital audits, and smooth end-to-end transactions.
Founder Vineet Relia explains:
“The Indian scrap ecosystem is vast but largely under-digitised. Scrapcart is a scalable solution for managing ferrous, non-ferrous, and e-waste that removes inefficiencies, empowers recyclers, and makes responsible recycling both possible and profitable.”
A Massive Yet Untapped Market
India generates over 62 million tonnes of waste annually, with the scrap market valued at $18 billion. However, the sector remains fragmented, plagued by middlemen, inconsistent pricing, logistics challenges, and compliance hurdles. Scrapcart’s digital model addresses these pain points while aligning with national initiatives like Swachh Bharat and Extended Producer Responsibility (EPR) mandates.
How Scrapcart Adds Value
The price of scrap fluctuates daily, creating operational uncertainty for organisations. Scrapcart removes this volatility through a structured, tech-driven process, enabling consistent, profitable, and compliant scrap trade.
Key Features of the Scrapcart Platform:
- No Middlemen: Digitises the entire scrap trading process to remove intermediaries, preventing theft and price leakages.
- AI-Enabled Tools: Uses artificial intelligence to track and estimate scrap volume, quality, and market value.
- Digital Traceability: GPS tracking and digital weight slips ensure accurate, automated documentation for every transaction.
- Secure Payments: Paperless, escrow-backed transactions with digital contracts guarantee payment reliability.
- ESG & Compliance: Digital audits and reports help businesses meet sustainability and regulatory requirements.
Driving the Circular Economy Forward
With its AI-driven platform, Scrapcart is not just modernising India’s scrap trade—it’s also reinforcing the nation’s circular economy goals, making recycling a profitable and transparent process for all stakeholders.
