Saraplast, India’s leading portable sanitation services company, receives investment from a fund of responsAbility.
Saraplast is India’s leading provider of portable toilet sanitation services that cater to the
underserved segment of the society. It services portable toilets across major cities in the country
through its brand 3S.
Over half of India’s population do not have access to sanitation facilities. Most of these people
reside in urban slums or rural areas. In addition to health issues, poor sanitary measures set India
back by an equivalent of 6.4% of its GDP every year, as estimated by a recent study by the Water and
Sanitation Program of the World Bank.
The investment will help the company increase its footprint, thereby helping improve living
standards of the underserved. The no human touch approach employed in the cleaning and servicing
of the toilets is also helping reduce the stigma for this industry. Earlier, in 2009, Aavishkaar Venture
Fund invested in Saraplast.
responsAbility is one of the world’s leading independent asset managers specializing in the
development-related sectors of emerging economies such as finance, agriculture, health, education
and energy. Founded in 2003, responsAbility currently has assets under management of USD 1.4
billion, which are invested in over 400 companies in around 80 countries. For further information,
visit www.responsAbility.com.
Ourea Capital Advisors were exclusive advisors to the company for the transaction. Ourea is a
leading investment bank, with operations in India and Europe. It has worked across manufacturing
and services sectors, assisting companies raise growth capital and other financial services.
Venture Intelligence is the leading provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India. Click Here to view our products list including the Free Deal Digest Weekly: India's First & Most Exhaustive Transactions Newsletter.