NewzVille Business Desk
The Department for Promotion of Industry and Internal Trade (DPIIT) announced the startup Buoyancy Plastics for Change Recycling Private Limited as the winner of the Bharat Startup Grand Challenge 2025. The joint initiative of DPIIT, in partnership with Startup India and Stride Ventures, aimed at recognizing and empowering high-impact, homegrown startups will invest up to Rs 10 crore.
The winner was chosen from over 120 startup applications received in 30 days of running the challenge. Applications were received from 22 states of the country, from startups working in the sustainability, fintech and e-mobility sector.
‘Plastics for Change’ was founded in 2015, having focus on building a Fair Trade verified recycled plastics supply chain. The company is currently focused on ethical sourcing and aggregation of plastic waste to provide high-quality rPET, rHDPE and rPP materials to recycling units.
Working directly with informal waste and plastics collectors and integrating them into the formal economy, the startup currently has a collection capacity of more than 20,000-ton and is now aiming to further deepen its presence in the Indian plastics recycling sector.
Winning the Start up Grand Challenge, Shifrah Jacobs, Co-founder & Chief Impact Officer, ‘Plastics For Change’.”Winning the Bharat Startup Grand Challenge is an incredible honor as it validates the years of hard work our team and waste collector communities have put in to build a more inclusive circular economy. This recognition fuels our mission to scale with even greater purpose, ensuring that every piece of plastic we collect and recycle uplifts both people and the planet.”
Stride Ventures is the largest venture debt fund in India, having committed over $1 Billion to over 170 new-age startups in the last five years. It has now expanded its footprint to Singapore, Abu Dhabi, Riyadh and London.
Earlier this year, Stride Ventures signed an MoU with DPIIT to provide funding, network, market access as well as mentorship support to budding startups across the country, as well as help Indian startups scale globally.
This was the first time Stride Ventures hosted a Bharat Startup Grand Challenge. For the winner’s, Stride Ventures announced investing up to Rs 10 Crore, subject to due diligence, along with further ecosystem support, mentorship and access to Stride’s network to help further scale up the startup’s endeavours in sustainability and circularity in India.
