When was Averda founded?

Averda was founded in 1964 and raised its 1st funding round 44 years after it was founded.

Where is Averda located?

Averda is headquartered in Dubai, United Arab Emirates. It is registered at Unit 115 of Level 1 & 2, Crescent Building, Lado Sarai, Mehrauli, Gadaipur, South West Delhi, New Delhi, Delhi, India, 110030.

How many employees does Averda have?

As of Aug 31, 2026, the latest employee count at Averda is 1749.

Is Averda a funded company?

Averda is a funded company, having raised an undisclosed amount across 3 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Oct 2008.

When was the latest funding round of Averda?

Averda's latest funding was a $***** Conventional Debt round on May 26, 2022, with participation from 1 investor.

Where does Averda rank among its competitors?

Averda ranks 11th amongst 201 active competitors, of which 10 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was ESGL Holdings, which secured $300K in Jan, 2025.

Who are the top competitors of Averda?

Averda's top competitors include Attero, ABO-Group and Levenseat. Among them, ESGL Holdings secured the most recent funding round in January, 2025.

Averda - 2026 Company Profile, Team, Funding & Competitors

Company Details

Averda offers products and services that sort, recycle, compost, incinerate and landfill waste and caters to government and commercial clients. The company has 4 brands Atria that offers contractual waste management in Lebanon and Ecoverde that offers cleaning and collection in the capital region of Angola, City bin Co a waste and recycling collection system for households and commercial clients in Ireland and Wasteman a fully integrated waste management solutions across all sectors in South Africa.

Website: www.averda.com/
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Registered Address: Unit 115 of Level 1 & 2, Crescent Building, Lado Sarai, Mehrauli, Gadaipur, South West Delhi, New Delhi, Delhi, India, 110030

Key Metrics

Founded Year

1964

Location

Dubai, United Arab Emirates

Stage

Series A

Latest Funding Round

Conventional Debt, May 26, 2022, $*****

Investors

IFC & 2 more

Ranked

11^th among 201 active competitors

Employee Count

1,749 as on Aug 31, 2026

Similar Companies

Attero & 213 more

View Averda's full profile

Averda is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
AMRITSAR MSW LIMITED CIN: U90000DL2014PLC264806 , India, Under CIRP	Feb 12, 2014	₹10 - ₹50 Cr (As on Mar 31, 2022)	880 (As on Oct 31, 2023)
AVERDA WASTE MANAGEMENT INDIA PRIVATE LIMITED CIN: U74110DL2019FTC355977 , India, Active	Oct 09, 2019	₹10 - ₹50 Cr (As on Mar 31, 2022)	-

Averda has raised funding over 3 rounds. Its first funding round was on Oct 2008. Its latest funding round was a Conventional Debt round on May 26, 2022 for $*****. 1 investor participated in its latest round. Averda has 3 institutional investors.

Here is the list of recent funding rounds of Averda:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 26, 2022	8192343	Conventional Debt	7007291	9796693	3045637	9948038
Feb 17, 2022	3097537	Conventional Debt	7549455	1152563	9319955	DFC
Oct 2008	3233890	Series A	2620319	2850366	1117101	Growthgate Capital

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View details of Averda's funding rounds and investors

Averda's employee count trend

Averda has 1,749 employees as of Aug 26. Here is Averda's employee count trend over the years:

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Top competitors of Averda include Attero, ABO-Group and Levenseat. Here is the list of Top 10 competitors of Averda, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Attero 1921, Haelen (Netherlands), Acquired	Provider of waste to energy facilities services	-	3i Infrastructure, DWS & 1 others	56/100
2nd	ABO-Group 1995, Ghent (Belgium), Public	Diversified conglomerate operating across energy, waste management, and geo-technical industries	-	-	48/100
3rd	Levenseat 1986, Lanark (United Kingdom), Funding Raised	Provider of waste management and recycling services	-	Zouk Capital, Zero Waste Scotland	46/100
4th	Fortistar 1974, White Plains (United States), Funding Raised	Provider of capital to build grow and manage sustainability companies	-	-	46/100
5th	ESGL Holdings 1999, Singapore (Singapore), Public	Provider of sustainable solutions to transform industrial waste into circular products, with a focus on renewable energy	-	-	43/100
6th	Rubellite Energy 2021, Calgary (Canada), Public	Provider of clearwater oil exploration and development services	-	-	40/100
7th	BioHiTech Global 2008, New York City (United States), Series A	Biological treatment solutions to manage food waste	$3.4M	-	40/100
8th	Torftech 1982, Thatcham (United Kingdom), Funding Raised	Developer of industrial gas-solid contacting processors for manufacturing and processing	-	The FSE Group, Skills Business Hub	39/100
9th	Quest 2007, The Colony (United States), Unfunded	Provider of waste recycling and disposal services	-	-	39/100
10th	CNIM Group 1856, Paris (France), Public	Provider of waste processing, waste treatment plants, and biomass	-	Eiffel Investment Group, Compagnie Financiere du Lion \| CFL ... & 2 others	38/100
11th	Averda 1964, Dubai (United Arab Emirates), Series A	Integrated waste management company	-	IFC, DFC & 1 others	37/100