With this category, we intend to recognise the startup that best embodies the ‘double bottomline’ model, one that combines profits with the public good.
Here are the nominees:
Company name: Padcare Labs
ETtechFounded in: 2018
Founder: Ajinkya Dhariya
Based in: Pune
Key investors: 3one4 Capital, Rainmatter, Social Alpha
What it does: Collects sanitary pads from offices, households, and schools across the country and processes them, so that used pads are not dumped into landfills or enter the manual-sorting stream where waste workers handle it unprotected. The pads are recycled to make plastic plant pots and paper pulp.
Company name: Cornext
ETtechMadhav Kshatriya, Mohammed Feroz Ahmed, founders, Cornext
Founders: Madhav Kshatriya, Mohammed Feroz Ahmed
Based in: Hyderabad
Key investors: Omnivore
What it does: Makes affordable silage baler machines and supplies baled silage to dairy farmers from its own production units. Silage is a type of fodder made from crops such as maize and sorghum, which is chopped, compacted, and fermented into bales that can be stored for up to 18 months and used in dry seasons, helping address India’s chronic fodder shortage.
Company name: Karo Sambhav
ETtechFounded in: 2019
Founder: Pranshu Singhal
Based in: Gurugram
Key investors: Rainmatter
What it does: This circular economy startup builds nationwide collection and recycling networks for electronic waste, plastics, batteries, and glass. It also helps brands meet their Extended Producer Responsibility (EPR) obligations per the environment ministry’s regulations.
Company name: Varaha
ETtechVishal Kuchanur, Ankita Garg & Madhur Jain, founders, Varaha
Founders: Madhur Jain, Ankita Garg, Vishal Kuchanur
Based in: Gurugram
Key investors: WestBridge Capital, RTP Global, Omnivore
What it does: Works on carbon removal projects with smallholder farmers cultivating 1-2 hectare plots, and helps them adopt sustainable farming practices while generating verified carbon credits that are sold to global companies seeking to offset emissions.
Company name: CureBay
ETtechShobhan Mahapatra, Priyadarshi Mohapatra & Sanjay Swain, founders, CureBay
Founders: Priyadarshi Mohapatra, Shobhan Mahapatra, Sanjay Swain
Based in: Bhubaneswar
Key investors: Bertelsmann India, British International Investment, Elevar Equity
What it does: The startup has built a hybrid healthcare network across rural and tribal India that combines tech-enabled eClinics with a large on-ground workforce to deliver doctor consultations, diagnostics, and medicines to villages in Odisha, Jharkhand, and Chhattisgarh.
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