Founders:
Hamish Daud
Dimas Rubianto
Niko Nugroho
Moehammad Ichsan
Presence:
Indonesia
Milestones:
Founded in 2021
Founded in 2021
Invested in 2021
Founded in 2018
Invested in 2014 Led Series A
Invested in 2018
Invested in 2020
Invested in
Invested in 2021
Founded in 2010
Invested in 2019
Invested in 2016
Invested in 2017
Invested in 2014
Founded in 2002
Founded in 2008
Founded in 2014
Founded in 2007
Founded in 2020
Founded in 2012
Founded in 2018
Founded in 2013
Founded in 2006
Founded in 2017
Founded in 2016
Founded in 2015
Invested in 2015
Founded in 2011
Sector:
Sustainability
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Actively

changing the way Indonesia recycles

Indonesia generates approximately 7.8 million tons of plastic waste annually, with 4.9 million tons of it being mismanaged. That includes being uncollected, disposed of in open dumpsites or leaked from improperly managed landfills.

Octopus was launched in 2021 as the first platform to offer an end-to-end recyclable waste logistic platform. It is redefining the circular economy in an emerging market by transforming people’s perception and behavior towards waste management, waste collectors and by empowering relevant stakeholders.

Octopus has developed a unique and innovative business model. Their end-to-end platform provides a solution for recycling industries to acquire their materials in the most efficient way by involving informal sectors. Octopus empowers them by providing access to both supply and demand and pricing transparency – with local waste collectors earning 10 times more by using their platform.. Each waste collector is equipped with a smartphone to get full transparency on supply and pricing and access to digital wallet in the application. This allows the whole collection and drop-off process to be seamless and captured digitally.

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