Mr. Vineet Relia, Founder, Scrapcart
The platform aims to digitise industrial scrap trade, ensuring price transparency, compliance, and sustainable recycling practices.
New Delhi, August 13, 2025: Scrapcart, India’s first AI-driven marketplace for industrial scrap trade, has officially launched with the goal of transforming the country’s vast yet largely unorganised $18 billion scrap market. The platform is designed to help industries, MNCs, SMEs, and recyclers responsibly dispose of waste while maximising value through technology-driven transparency and efficiency.
Built on the pillars of price transparency, assured quantity and quality, easy documentation, and strong ESG compliance, Scrapcart enables real-time bidding for ferrous, non-ferrous, and e-waste materials. It offers digital audits, secure and timely payments, and streamlined logistics to eliminate inefficiencies in the scrap value chain.
> “The Indian scrap ecosystem is vast but under-digitised. We are building a scalable solution that empowers recyclers and makes responsible recycling not just possible but profitable,” said Vineet Relia, Founder of Scrapcart.“Our AI-powered tech platform brings accountability, compliance, and growth across the value chain with minimal human intervention.”
India generates over 62 million tonnes of waste annually, yet the scrap trade remains dominated by middlemen, plagued by trust deficits, price volatility, and compliance challenges. Scrapcart’s technology addresses these pain points while aligning with national circular economy goals, including Swachh Bharat and Extended Producer Responsibility (EPR) mandates.
Key features of Scrapcart include:
No Middlemen: Direct digitised transactions to prevent price leakages and theft.
AI-Enabled Tools: For volume, quality, and price estimation.
Digital Traceability: GPS tracking, digital weight slips, and automated documentation.
Secure Payments: Escrow-backed, paperless transactions with digital contracts.
ESG & Compliance Support: Digital audits and reporting for sustainability and regulatory adherence.
With its managed services model for end-to-end logistics and a tech-first approach to scrap discovery, sale, and purchase, Scrapcart is positioned to bring structure, trust, and profitability to the industrial scrap ecosystem.
About Scrapcart:
Scrapcart is India’s first AI-powered industrial scrap marketplace, enabling efficient, transparent, and compliant scrap trade for industries, MNCs, SMEs, and recyclers. Its mission is to digitise the scrap economy and make responsible recycling a profitable, scalable practice.