Blue Planet secures $35mn investment from IFU

21 Dec 2023 CW Team

The injection of funds from IFU will significantly enhance Blue Planet's capabilities in two crucial areas within India ? landfill reclamation and e-waste recycling. Blue Planet has already achieved notable success in reclaiming over 500 acres from legacy landfills and processing more than 12 million tonnes of legacy waste. This accomplishment has effectively reduced the need for new materials and contributed to a reduction in carbon footprint.

The strategic partnership between Blue Planet and IFU marks a significant milestone in the pursuit of global sustainability, underscoring their joint commitment to pioneering innovative waste management solutions, according to a company statement.

Jonas Lau Kristensen, Investment Director at IFU, emphasised, "Our commitment extends beyond financial investment; it's about creating a just, inclusive, and sustainable future and transforming the landscape of waste management."

IFU's investments play a pivotal role in promoting environmental sustainability and fostering economic growth in the countries they invest in, aligning closely with the United Nations Sustainable Development Goals.

Currently, India generates approximately 62 million tonnes (MT) of waste annually, with only 12 MT being treated before disposal. Thomas Hougaard, Senior Vice President at IFU, highlighted the need for investments in innovative technologies and operations to address the anticipated doubling of waste volumes by 2030.

IFU will be investing on behalf of the SDG Fund, partially funded by public funding, which provides catalytic risk mitigations to mobilise private capital. This allows Danish Pension Funds to engage in sustainable investments in developing countries.

Blue Planet has ambitious plans to operate one of the largest e-waste recycling centers in India. Madhujeet Chimni, Founder and Chairman of Blue Planet, expressed confidence that IFU's investment would have a significant impact on their quest for a sustainable waste management platform. Prashant Singh, Co-Founder and CEO of Blue Planet, added that IFU's experience and depth of knowledge would be invaluable as they tackle new challenges in providing sustainable waste management solutions.

Blue Planet Environmental Solutions, a company dedicated to sustainable waste management operations in India, South-East Asia, and the UK, announced that it has secured a $35 million investment from The Investment Fund for Developing Countries (IFU), a leading player in impact investments. The injection of funds from IFU will significantly enhance Blue Planet's capabilities in two crucial areas within India ? landfill reclamation and e-waste recycling. Blue Planet has already achieved notable success in reclaiming over 500 acres from legacy landfills and processing more than 12 million tonnes of legacy waste. This accomplishment has effectively reduced the need for new materials and contributed to a reduction in carbon footprint. The strategic partnership between Blue Planet and IFU marks a significant milestone in the pursuit of global sustainability, underscoring their joint commitment to pioneering innovative waste management solutions, according to a company statement. Jonas Lau Kristensen, Investment Director at IFU, emphasised, Our commitment extends beyond financial investment; it's about creating a just, inclusive, and sustainable future and transforming the landscape of waste management. IFU's investments play a pivotal role in promoting environmental sustainability and fostering economic growth in the countries they invest in, aligning closely with the United Nations Sustainable Development Goals. Currently, India generates approximately 62 million tonnes (MT) of waste annually, with only 12 MT being treated before disposal. Thomas Hougaard, Senior Vice President at IFU, highlighted the need for investments in innovative technologies and operations to address the anticipated doubling of waste volumes by 2030. IFU will be investing on behalf of the SDG Fund, partially funded by public funding, which provides catalytic risk mitigations to mobilise private capital. This allows Danish Pension Funds to engage in sustainable investments in developing countries. Blue Planet has ambitious plans to operate one of the largest e-waste recycling centers in India. Madhujeet Chimni, Founder and Chairman of Blue Planet, expressed confidence that IFU's investment would have a significant impact on their quest for a sustainable waste management platform. Prashant Singh, Co-Founder and CEO of Blue Planet, added that IFU's experience and depth of knowledge would be invaluable as they tackle new challenges in providing sustainable waste management solutions.

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Real Estate

09 Mar 2026

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Real Estate

09 Mar 2026

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..