We are pleased to share that Argus Partners advised Avaana Sustainability Fund (“Avaana Capital”) on its investment in Wastelink, a leading business-to-business (B2B) food upcycling startup. As part of its Series A funding round, Wastelink has raised approximately USD 3 million.

Avaana Capital is a pioneering climate-tech venture capital fund that backs transformative technologies across critical sectors to drive sustainable economic growth, resilience, and competitiveness.

The proceeds from this fundraise will enable Wastelink to expand its operations across India, strengthen its research and development capabilities, and further enhance its proprietary technology platform.

Commenting on the investment, Swapna Gupta, partner, Avaana Capital, said, “Wastelink is reimagining animal feed by solving two critical challenges — nutrient inconsistency and price volatility. By redirecting food surplus into standardised, traceable inputs, their platform solves for supply chain resilience.”

The Founder and CEO of Wastelink, Saket Dave stated that, “The funds will also enable us to explore exports, particularly to Southeast Asia and the Middle East, which are strong markets for our products. In the future, we also plan to expand geographically and establish food upcycling operations in those regions,”

The team at Argus Partners advising Avaana Capital consisted of Pallavi Kanakagiri (Partner), Siddharth Malakar (Senior Associate) and Shubham Tiwary, Ananya Bhat (Associates).