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Egyptian cleantech startup Plstka secures seed round for expansion.

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Plstka, an Egypt-based tech  startup, has raised an undisclosed seed round from Alexandria Angels Network, with Hivos matching funds.

Founded in 2021 by Ahmed ElNagar with Co-Partner Mahmoud Youssef,Plstka is a rewarding app that helps clients receive the most benefits from their solid waste through a B2B-IoT Supply chain system for waste management.

Plstka is a mobile app that allows users to exchange solid waste for discounts and coupon vouchers in a variety of life services such as food and beverage, medical care, and transportation. Customers can also purchase any product at a lesser price than the market.

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The Plstka app now includes a new in-game experience called Plstka Profitable Competition, which makes users compete with each other to raise more awareness about the environment.

Ahmad ElNagar, founder and CEO of Plstka said, “We aim to acquire 1500 tons of Delta Market in Waste industry which represents $3M of the market size and covers 100K+ households to make them get best benefits from their trash and also save the environment”

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AlexAngels’ angel investor  Dr. Khalid Al Tawil reflects “Waste management industry has become a necessity and important part of our growing global economy. The world is shifting to green energy and waste management and Plstka is targeting a blue ocean market in Egypt’s Delta where there is a huge potential for the waste management industry to grow and expand locally and globally”

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Weddy Thuranira
Weddy Thuranira
Weddy profiles new startups and innovators across Africa and announces funding rounds, mergers, acquisitions and startup partnerships across Africa. She is based in Nairobi, Kenya. Reach her and the entire news desk at [email protected]

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