BinBag
BinBag is a Bangalore-based e-waste recycling and ITAD company providing certified e-waste collection, data destruction, refurbishing, and EPR compliance services to enterprises across nine industries in India, supported by a pan-India logistics network and proprietary compliance and marketplace platforms.
- Company typePrivate
- Founded2014
- HeadquartersBangalore, India
- Headcount11–50
- GTM typeB2B
- OfferingServices
What BinBag does
BinBag Environmental Services Pvt Ltd is a Bangalore-based e-waste recycling and IT Asset Disposition (ITAD) company founded in 2014 (originally as Fabshop Technologies Private Ltd). The company provides end-to-end e-waste management services — including collection, certified recycling, data destruction, refurbishing for resale, and Extended Producer Responsibility (EPR) compliance fulfillment — to enterprises across nine industries: healthcare, IT, retail, manufacturing, telecom, government, public sector, banking, and education. Its operations are anchored by Pollution Board-approved recycling facilities and a pan-India logistics network combining its own fleet with third-party logistics partners.
The company's technology stack consists of three proprietary digital products: CompliSmart, a CRM and compliance management platform that centralizes e-waste requests, document management, and multi-location compliance for enterprise clients; bMart, a mobile-first marketplace that enables buyers to source recycled materials directly from BinBag's recycling operations; and Ecobox, a consumer-facing doorstep e-waste collection service with free pickup, certified recycling, and data destruction. Together, these products form a digital layer over the underlying logistics and recycling infrastructure, supporting request tracking, compliance documentation, and material resale transparency.
BinBag operates a hybrid go-to-market combining enterprise field sales for large B2B clients, self-serve SME subscription plans (Rs. 2,999–3,999 per year), and a direct-to-consumer channel via Ecobox. Revenue streams include professional services for enterprise recycling and ITAD, recurring EPR compliance subscriptions, transaction fees on refurbished device resale, and marketplace commissions on bMart. The company employs 1–10 people and is backed by a small group of investors including IIT Mandi Catalyst, NRL iDeation, Spectrum Impact, Nedfiventure, NRL, and undisclosed angel investors.
BinBag firmographics
Firmographics- Name
- BinBag
- Legal name
- Binbag Environmental Services Pvt Ltd
- Website
- https://binbag.in
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- BinBag is a Bangalore-based e-waste recycling and ITAD company providing certified e-waste collection, data destruction, refurbishing, and EPR compliance services to enterprises across nine industries in India, supported by a pan-India logistics network and proprietary compliance and marketplace platforms.
- Ownership category
- akta.pro rank
BinBag industry classification
Industry- Product category
- E-waste Recycling and IT Asset Disposition Services
- NAICS
- Waste Collection (5621), Waste Treatment and Disposal (5622), Administrative and Support and Waste Management and Remediation Services (56)
- SIC
- Sanitary Services (4950), Hazardous Waste Management (4955)
- akta.pro primary industry
- IT Asset Disposition (ITAD) Services (Data-Bearing Asset Handling) (BPALAIAA)
- akta.pro secondary industries
- Enterprise Hardware Recycling (Servers, Storage, Networking) (BPALAIAI), Certified Compliance & Reporting Services (R2/e-Stewards, Audit, ESG) (BPALAIAL), Battery Recycling & Management (Lithium-ion, Lead-acid) (BPALAIAF), IT Asset Disposition (ITAD) & Data Destruction (EUAIAIAB)
Keywords
Where BinBag is headquartered
LocationHeadquarters
- HQ city
- Bangalore
- HQ country
- India
- HQ region
- Asia
Offices2 records
Markets served
BinBag business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Supply Chain, Personnel, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- E-waste Recycling & ITAD Services: End-to-end e-waste recycling and IT Asset Disposition services for enterprises with data destruction, compliance management, and asset value recovery.
- EPR Compliance Services: Extended Producer Responsibility compliance services helping manufacturers meet their EPR targets with transparency and certification.
- Refurbishing & Resale: Professional refurbishing services to maximize returns on IT products through identification, testing, refurbishment, and resale of devices.
- bMart Marketplace Commission: Marketplace platform enabling buyers to purchase recycled materials directly, with Binbag sourcing and verifying inventory.
- SME Subscription Plans: Monthly subscription plans for small businesses and home offices providing compliant e-waste disposal starting at Rs. 2,999 per month.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Plan 1 - For 10-20 employees at ₹2,999/month plus taxes |
| Subscription | Annual | Plan 2 - For 20-50 employees at ₹3,999/month plus taxes |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels5 records
BinBag product offering
Product offeringCore offering
BinBag provides end-to-end e-waste recycling and IT Asset Disposition (ITAD) services to enterprises across India, including evaluation, collection, Pollution Board-certified recycling, and 100% data destruction. The company also offers CompliSmart CRM for compliance management, a bMart marketplace for selling recycled materials, an Ecobox doorstep consumer service, EPR compliance fulfillment for manufacturers, and refurbishing and resale of end-of-life IT devices.
Product overview
Binbag is a fully integrated e-waste recycling and IT Asset Disposition company operating multiple interconnected products and services. The portfolio consists of CompliSmart (a unified CRM/compliance platform for enterprise e-waste management), bMart (a proprietary mobile marketplace for sourcing recycled materials), and Ecobox (a consumer e-waste collection service), supported by core services including E-waste Recycling, Data Destruction, EPR compliance, and Refurbishing. These products work together to provide end-to-end solutions for companies to recycle e-waste, ensure data security, fulfill EPR targets, and maximize asset recovery.
Differentiator
Problem solved
Functional benefit
Brands
- CompliSmart: Unified compliance management platform for end-to-end e-waste disposal process with complete visibility.
- bMart
- Ecobox
Quantifiable outcome
- 1440 tons of CO2 emissions avoided by recycling 1,000 tons of e-waste
- +1 more outcomes
Companies that use BinBag
Customer profileNamed customers8 records
Segments4 records
Ideal customer profiles4 records
BinBag technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
BinBag partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered minor.
- Indian Institute of Science (IISc)minorAcademic institution partnership providing research and development support for e-waste recycling technology and processes.
- IIM BangaloreminorIIM Bangalore as startup ecosystem partner providing business mentorship and strategic guidance.
- Assam StartupminorAssam government startup initiative supporting Binbag's operations and growth in the region.
Scale indicators5 records
Recent moves6 records
Expansion highlights6 records
BinBag competitors and assessment
Company assessmentEmerging players
- Cereus Industries: Cereus Industries is an India-based e-waste recycling and ITAD operator targeting enterprise customers - comparable emerging peer competing for some of the same B2B accounts as Binbag.
- GreenTek Reman: GreenTek Reman operates an IT asset refurbishing and resale platform with focus on enterprise device recovery - comparable emerging peer overlapping with Binbag's refurbishing and resale revenue stream.
Direct peers
- Attero Recycling: Attero is India's largest integrated e-waste recycler offering IT asset disposition, data destruction, and materials recovery to enterprise and government clients across India - a closely comparable direct competitor to Binbag in both ITAD and broader e-waste services.
- Karo Sambhav: Karo Sambhav is an India-focused producer responsibility organization running e-waste collection and EPR compliance programs with enterprise and consumer channels - directly comparable in EPR services and India market focus.
- Eco Recycling Limited: Eco Recycling (Ecorex) is a Mumbai-based listed Indian e-waste management company providing collection, recycling, EPR compliance, and IT asset disposition - directly comparable to Binbag's service portfolio and India focus.
- Sims Lifecycle Services: Sims is a global IT Asset Disposition and data center lifecycle services provider, offering secure data destruction, decommissioning, and certified recycling for enterprise hardware - directly comparable to Binbag's enterprise ITAD offering.
Broad incumbents
- MB International: MB International is an established Indian electronic waste management and recycling player serving enterprise and B2B customers with broader waste handling capabilities - incumbent offering adjacent services in the same India market.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
BinBag social profiles
Digital presenceBinBag financial estimates
Financial estimateRevenue estimate
Valuation estimate
BinBag leadership team
Management profileNumber of profiles
Profiles6 records
BinBag funding detail
Funding detailFunding overview
Funding rounds2 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
BinBag M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about BinBag
What does BinBag do?
BinBag provides end-to-end e-waste recycling and IT Asset Disposition (ITAD) services to enterprises across India, including evaluation, collection, Pollution Board-certified recycling, and 100% data destruction. The company also offers CompliSmart CRM for compliance management, a bMart marketplace for selling recycled materials, an Ecobox doorstep consumer service, EPR compliance fulfillment for manufacturers, and refurbishing and resale of end-of-life IT devices.
Is BinBag a public or private company?
BinBag is a private company. It is classified as venture growth investor backed and is currently operating.
When was BinBag founded?
BinBag was founded in 2014. It employs 11 to 50 people.
Where is BinBag based?
BinBag is headquartered in Bangalore, India, in the Asia region.
How does BinBag make money?
Five revenue lines are on record. E-waste Recycling & ITAD Services are the primary driver. The others are EPR Compliance Services, refurbishing & Resale, bMart Marketplace Commission and SME Subscription Plans.
Who are BinBag's main competitors?
Emerging players on record are Cereus Industries and GreenTek Reman. Direct peers are Attero Recycling, Karo Sambhav, Eco Recycling Limited and Sims Lifecycle Services. MB International is listed as a broad incumbent.
Does BinBag have an API?
No public API is recorded for BinBag.
What industry is BinBag in?
BinBag's product category is E-waste Recycling and IT Asset Disposition Services. Its primary akta.pro industry code is BPALAIAA, IT Asset Disposition (ITAD) Services (Data-Bearing Asset Handling), with a secondary code of BPALAIAI, Enterprise Hardware Recycling (Servers, Storage, Networking). Its NAICS code is 5621 and its SIC code is 4950.