You can be the next Investor. Download Beban Crowdfunding mobile app now via App Store and Google Play!

N/A

ITadweer Online Recycling Platform

iTadweer Online Recycling Platform Manama, Bahrain

Equity
Amount Raised
$79,500.000
Goal
$99,000.000
81% Investments
0 Days left
81% Complete (success)

This Campaign is open for both accredited & no-accredited Investors.

N/A

ITadweer Online Recycling Platform

iTadweer Online Recycling Platform Manama, Bahrain

Raise Details

Fixed Investing This Campaign started on April 10, 2023 and closed on July 6, 2023, 9:00 pm.
(UTC/GMT 06 Jul,2023 21:00 pm)
  • Campaign Deal Type
    Equity
  • Investing Goal
    $99,000.000
  • Current Reservations
    $79,500.000
  • Minimum Reservation
    $100.000
  • Start Date
    04-10-2023
  • Closing Date
    07-07-2023

Elevator Pitch

A cloud-based platform that connects the recycling companies with their corporate clients, and systemizes their manual operations

Cap Table

Sr. NO Investor Name Pre-investment (%) Post-investment (%)
1 SAYED YUSUF HUSAIN ALAWI HUSAIN 100.000 94.500
2 Incoming investor(s) 0.000 5.500

Company Overview

iTadweer is a cloud-based platform that connects the recycling companies with their corporate clients, and systemizes their manual operations.

How the story began?

The founders were frustrated by the inefficient process of collecting waste and communicating with recycling companies. On one hand, users were searching for the ways to contribute to a better environment, but could not find the focal point that would inform them of possible actions to engage with recycling. On the other hand, recycling companies had no proper system that is customized for their needs and that would manage the different workflows of collecting recyclables and communicating with interested people.

To solve this problem, the founders built a cloud-based system to connect recycling companies with their corporate clients and the general public. Joining their different academic backgrounds and technical expertise in building different digital platforms, they built the minimum viable product (MVP), a customized system that opens from any web browser and receives "waste collection requests" from a simple web form. The current workflow of the developed platform comprises the following steps:

Users enter a simple webpage and fill out a simple 3-step form to send a collection request for their recyclables to the recycling companies.

Recycling companies receive different collection requests on the cloud platform, which manages the workflow through an intuitive user interface.

The customized features on the platform, such as smart routing, allow the recycling companies to follow each step and ensure excellent service.

The dashboard shows operational reports and focuses on the KPIs that recycling companies need to increase their efficiency.

To further validate the solution on the ground, tests have been conducted with different users in Bahrain, including the collection workflow, platform tests on various devices, testing with recycling companies, etc.

Customer segment:

ESG corporates

Revenue streams:

  • 20% commission on waste value, charged to recycling companies
  • BD 25 monthly subscription for corporate offices requiring advanced reporting and scheduled waste pick-ups
  • Sponsorship packages for corporates that further support sustainability actions.

Use of funds:

  • USD 89,100 (90%): Hiring Sales & Development Team
  • USD 9,900 (10%): Technical Costs & System Hosting

Connect with Company

Leadership

Jaafar Al Hamad

Leadership

Company
Jaafar Al Hamad

The leader

Co-Founder & CEO
Sayed Yusuf Husain Alawi

The leader

Co-Founder & Marketing Lead

Updates

This section is only viewable to those who are granted full or partial access to the investors.

Request Access

Comments

This section is only viewable to those who are granted full or partial access to the investors.

Request Access

This section is only viewable to those who are granted full or partial access to the investors.

Request Access

Investor Details

This section is only viewable to those who are granted full or partial access to the investors.

Request Access