Mukka Proteins bets ₹64.92 lakh on loss-making waste startup Swachha

What's the deal? Mukka Proteins LtdDealroom has a profile for this one. Try Dealroom → has approved a ₹64.92 lakh investment to buy a 25.98% stake in Swachha Eco Solutions Private LimitedDealroom has a profile for this one. Try Dealroom →. The company will acquire 26,500 equity shares at ₹250 each, in a cash deal cleared by its board on August 12, 2026.

What's the endgame? The move pushes Mukka Proteins into the waste management sector. Swachha, incorporated in 2017, collects, treats, and disposes of all types of waste.

Why now? Mukka plans to close the deal by December 31, 2026, through one or more tranches. The transaction is structured at arm's length and involves no related parties, promoters, or group companies. No regulatory approvals are required.

What the numbers show: Swachha reported a net loss of ₹75.05 lakh in FY26 and a negative net worth of ₹2.10 crore as of March 2026. Its turnover fell to ₹1.77 crore in FY26 from ₹2.77 crore in FY25.

What could go wrong? The target has revenue but no profit, having consistently operated at a loss across the last three fiscal years. Mukka's entry suggests a bet on operational turnaround or market access rather than near-term returns.

The signal: The deal shows a proteins maker diversifying into waste management, taking a minority position in an early-stage, unprofitable company to gain a foothold in an adjacent sector.

Read more: ScanX

Image credit: Ken Doerr