In Conversation with… Vivek Kumar and Prashant Gautam, Founders, Recycling Bazar.
Tell us something about your professional background?
We both come from Buxar, Bihar. We have been friends since our school days and thought of starting a venture always. We started Recycling Bazar in 2017. We both completed our graduation and are currently pursuing our post-graduation simultaneously with our business venture. We understood that to run a business it is necessary to understand society, its needs, and the way customers think, so we chose to study Sociology which is helping us in this business.
Tell us something about your Venture.
We are a waste management Company popularly known as Recycling Bazar founded in the year 2017 excel in the handling of waste and converting it into an economical asset, endorsed by the government of Bihar and Government of India as a Startup, we have a reputation to bring order in waste management and innovative ways of doing it. We provide a free doorstep pickup service for houses, offices, schools, colleges, and any type of institution to dispose of their recyclable waste. (By giving simple pickup orders on our website, app, by calling, or by SMS). We also run awareness programs for recycling, and it’s important. Recycling Bazar was launched because we saw the need for a place where the local community within a city to make the zero-waste city, which is our motto to achieve. And we took every action to choose the right kind of future for our citizens.
How do you think the Industry niche in which your Business operates has evolved?
Around the world, waste generation rates are rising. In 2016, the world’s cities generated 2.01 billion tonnes of solid waste, amounting to a footprint of 0.74 kilograms per person per day. With rapid population growth and urbanization, annual waste generation is expected to increase by 70% from 2016 levels to 3.40 billion tonnes in 2050. Compared to those in developed nations, residents in developing countries, especially the urban poor, are more severely impacted by unsustainably managed waste. In low-income countries, over 90% of waste is often disposed of in unregulated dumps or openly burned. These practices create serious health, safety, and environmental consequences. Poorly managed waste serves as a breeding ground for disease vectors, contributes to global climate change through methane generation, and can even promote urban violence. Managing waste properly is essential for building sustainable and livable cities, but it remains a challenge for many developing countries and cities. By working together, we can produce better results than any of us can achieve alone.
In Which direction do you see the industry moving in the future?
Waste generation is expected to rise with economic development and population growth. Lower-middle-income countries are likely to experience the greatest growth in waste production. That is where our business comes in. Waste management is an important part of every economic growth, and this sector is going to see a large boom in the coming years.
What are the immediate challenges that your Business faces during Covid-19? How do you plan to overcome it?
We had to shut down our operations for ten months due to Covid-19, but we again resumed it in January this year and worked hard to recover all losses. We are planning to resume our services again from July this year.
How do you build an effective team to work along with you?
The team should always be part of the solution, not part of the problem, so relationships need to be strong. We believe in clearly defining the roles and responsibilities of people working with us.
If there is one thing that you need to change in your professional journey so far, what would it be?
We would want to change the life of rag pickers, through our professional
What is your message for any aspiring entrepreneurs?
The world is full of great ideas, but success only comes through action. No one can succeed immediately, and everyone was once a beginner.