Business Description:Daily Dump has designed a product with which anyone can convert kitchen waste into compost at home. The product, made of terra-cotta, is sourced from village potters. It is marketed through word-of-mouth referrals, media awareness, and our website. It is sold through channels including individuals, retail stores, and societies. The designs are 'open source', so individuals in other locations can replicate, adapt, build on, sell and use - for wide and rapid propogation of the idea.
The current product works well in independent homes; we are working on a 'mechanical composter' for use in flats. Our vision is to see a composter pre-fitted in every flat sold in the country, as a standard fitting. Daily dump not only retro fits composters at homes and other establishments but also provides maintenance advice and assistance through its service plans, essentially allowing you to just dump and letting nature and Daily Dump do the rest.
Industry:Green product/Composting
Founded in:2006
Source of idea:
Significant Competitors:Exel Industries / Vermicomposting / Pits / Landfil Sites / The corner dump
Company Details :
Company Name:Daily Dump
HeadQuarters:Bangalore
Stage of the company:Several customers or locations
No of Employees (2006):0-5
No of Employees (2007):0-5
Office Locations(2006):0-1
Office Locations(2007):6-15
No of companies promoted:Yes (3
Profits (2006):breakeven
Profits (2007):breakeven
>Partnerships:
Initial Funding:Personal savings
Addl Funding:Personal savings
Institutitional Capital:No
Revneue Model:Breaks even, except for my time and expertise. It will make money by supporting the growth of microenterprise and by new products.
Awards & honors:"Nominated for the INDEX awards 2007 - an international award to improve the quality of life Awarded the Green Product of the Year by Anchor Better Interior Excellence Awards 2007"
Promoters Details :
Promoters Name(s):Poonam Bir Kasturi
Age:46
HomeTown:Bangalore
Education:Masters NID
No of companies promoted:Yes (3
Family Background:Business
Job:HR at India Design Centre
Ex-Job Description:Managing
Favorite Book/Movie:No one favourite. Like books of the Beginner series and movies like Devi and Casablanca
