Wastelink, a startup based in India that transforms food waste into animal feed, has successfully obtained $3 million in Series A funding from Avaana Capital. This investment will facilitate the company’s expansion across the country and enhance its advanced technology and research efforts, Asian Business Outlook reported.
Founded in 2018 as Forplanet Ingredients, Wastelink specialises in upcycling surplus FMCG (Fast-Moving Consumer Goods) products into standardised feed ingredients.
One of Wastelink’s key contributions is addressing the rising challenges in the global feed industry, primarily the fluctuating prices of corn and soy, ABO reported. As feed costs can make up to 70 per cent of the expenses in livestock production, even minor changes in commodity prices can significantly affect profit margins, which average just 2.7 per cent in the US feed manufacturing sector.
By providing a consistent and high-quality alternative made from surplus food, Wastelink not only aims to stabilise prices but also offers significant cost savings of 30–50 per cent for farmers. This innovative approach reduces expenses for both livestock producers and waste management for FMCG companies, aligning with the growing focus on solutions that support the circular economy.
