One of the leading tech-based waste management service start-ups Rekosistem has successfully received undisclosed seed funding through Bali Investment Club’s tailored packages in order to actively support the improvement the service needs to flourish in Indonesia.
The investment will be used to back up Rekosistem’s waste management service in Jakarta and Surabaya, and also their expansion plan to other capital cities in Java-Bali Islands. The fund specifically allocates for scaling the uptake of residential areas, public users and businesses, with the target to achieve over 10x monthly revenue growth, manage more than 50 metric tons of waste per day, and increase its Redrop locations and Repickup coverages by enlarging partnerships as well as advancing its waste data mapping software and machine learning. Lastly, the budget will be used to build capable teams to strengthen the growth of the platform across Indonesia by strengthening their Tech Team, R&D Team, and Product Team.
Source: Bali Investment Club