Octopus keeps stuff out of Indonesia’s crowded landfills
https://techcrunch.com/2022/07/06/octopus-keeps-stuff-out-of-indonesias-crowded-landfills/
According to the World Bank, Indonesia produces 4.8 million tons of plastic waste each year that is “mismanaged”—meaning it ends up uncollected, chucked into dumpsites or leaked from improperly managed landfills. Octopus wants to reduce that number with a platform that makes it easier to collect back waste products from consumers and recycle it into raw materials that brands can reuse. The Jakarta-based startup announced today it has raised an oversubscribed round of $5 million led by Openspace and SOSV.
Octopus was founded last year by Mohammad Ichsan, Hamish Daud, Niko Adi Nugroho, Rizki Mardian and Dimas Ario, who have known each other for over a decade.