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2021 | Q1

Ecoware
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Ecoware is the registered trade name of Ecoware Solutions Private Limited, a

company incorporated and registered in New Delhi, India. Where a company is
identified by its trade name or “Ecoware”, the reference is used for convenience,
or may be used where no useful purpose is served in referring to the company
by name. The services and products of these companies may not be available in
certain countries or political subdivisions thereof.

The information contained in this presentation is provided for general

information purposes only and must not be relied on as specific advice in
connection with any decisions you may make. No representations or warranties,
express or implied, are made by the company or companies presenting these
materials or its affiliates concerning the applicability, suitability, accuracy or
completeness of the information contained herein and these companies do not
accept any responsibility whatsoever for the use of this information. The
companies presenting these materials and their affiliates are not liable for any
action you may take as a result of you relying on such material or for any loss or
damage suffered by you as a result of you taking this action. Furthermore, these
materials do not in any way constitute an offer to provide specific services.

Copyright ©2020 Ecoware Solutions Private Limited. All rights reserved. No part
of this publication may be reproduced or transmitted in any form or by any
means, electronic or mechanical including by photocopy, recording or
information storage and retrieval system, without permission in writing from
Ecoware.

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BRIEFLY

Brand Name Ecoware®

Legal Name Ecoware Solutions Private Limited

Industry Consumer Goods - Sustainable Packaging

Founder & CEO Rhea Mazumdar Singhal

Established July 2009

Head Office New Delhi, Delhi

Production Facility Greater Noida, Uttar Pradesh

Employees 85

Products 31

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OUR OBJECTIVES

Of Earth. For Earth.

We provide high quality, affordably priced
biodegradable & compostable products
made from plants

Make an Impact
We create positive Environmental, Social
and Governance impact for very product
we produce and sell

Lead by Example
We maintain strict quality and testing
procedures to ensure compliance with
global standards
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MEET RHEA

Founder & CEO

Rhea founded Ecoware in 2010 when there
was little awareness about the harmful
effects of plastic. Cheap oil prices had led
to a proliferation of plastic production and
usage. Yet, the devastation caused to the
natural environment and the harmful
effects on human and animal health went
unnoticed. There were no plastic bans or
any sort of incentives to change consumer
behavior. This is when Rhea decided to
disrupt the commoditsed packaging
industry by creating a natural and healthy
alternative to single-use plastics.

RHEA MAZUMDAR SINGHAL

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MEET RHEA

Nari Shakti Puraskar Young Global Leader Asia 21 Young Leader

Received the highest civilian honor Made a Young Global Leader (YGL) Selected as a Young Leader of the
for women by the President of of the World Economic Forum in Asia Society in 2019, an honor
India in Feb 2019 for her efforts to 2018 and currently holds the given to dynamic individuals under
eradicate single-use plastic country chair for India 40 who will impact global affairs

Unreasonable Fellow, Unreasonable Group + Barclays Impact | Women of Excellence Award, The Women Economic Forum
Enterprising Woman of the Year 2020 | Finalist, Impact Earth Hero 2021, Earth Company
University of Bristol, Oxford and Harvard
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MEET RHEA

Global Thought Leader on Sustainability

Dreamforce by Salesforce, San Francisco, Sep 2018

The Good Day by Engie, Paris, Jul 2019
Motilal Oswal Annual Global Investor Conference, Mumbai, Aug 2019
Unreasonable Impact World Forum, London, Nov 2019
National Commission for Women in India, New Delhi, Mar 2019
Mind Rocks Youth Summit by India Today, New Delhi, Sep 2019
The Ellen MacArthur Foundation, Virtual, Nov 2019
The Shiv Nadar University, New Delhi, Jan 2020
Ashoka University, New Delhi, Jan 2020
Women Transforming India by Niti Aayog, New Delhi, Mar 2020
Sustainable Economic Growth, EU / India Partnership, Virtual, Jun 2020
Green Dream Foundation, Virtual, Jul 2020
Chairperson, CII Northern Region, Indian Women Network, Jun 2020-21
The Unreasonable Impact COVID-19 Response Global Summit, Jul 2020
Mahindra Rise, Green Consumer Day, Sep 2020
The Hult Prize judge, IIT Bombay & Shaheed Bhagat Singh College, Nov 2020
Himalayan Startup Trek 2020, IIT Mandi Catalyst, Dec 2020

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OUR BRILLIANT TEAM

Brand Ambassadors Production

We employ 100 production staff of
Friends, family and well-wishers who have
which almost 25% are women and 75%
championed Ecoware since the very
were previously low-wage workers
beginning

Sales
Human Resources
Our Sales team is the key interface
A key function given our
with major customers and
expanding team. Responsible for
distributors in India and abroad
managing key labour
compliances
Finance Marketing
Our Finance team handles day-to-day We are building a dedicated team

customer transactions, logistics and which is social media savvy having

regulatory compliances made a key hire in digital marketing

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“It’s only waste if it’s in the

wrong place”*

* By a wise person 9
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POLLUTION PROBLEM IN 4 NUMBERS: PLASTIC

20x 95%

Fact Loss
Growth in global plastics Plastic packaging
production from 1950 to material value loss after
20141 one use cycle2

90% 8

Feedstock Negative Externalities

Plastic production relies 8 million tons of plastics
on finite fossil fuels leak into the oceans
which make up 90% of every year4
its feedstock3
1. PlasticsEurope | 2. Plastic News | 3. Energy Outlook 2035 | 4. Science, Feb 13, 2015 10
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POLLUTION PROBLEM IN 4 NUMBERS: AIR

2.5
22
million

Fact Loss
22 of the world’s 30 India has the highest
most polluted cities in premature pollution-
the world are in India1 related deaths per year2

17% 10x

Feedstock Negative Externalities

Burning of crop stubble 140 million people
contributes 17% of total breathe air than is 10x
air pollution in India3 over the WHO safe limit4

1. 2019 World Air Quality Report | 2. Global Alliance on Health and Pollution GAHP (Dec 2019) | 3. The Indian Express Dec 24, 2019 | 4. Financial Times Dec 11, 2018 11
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ECOWARE IS ONE SOLUTION TO TWO PROBLEMS

0% Plastic No Trees Cut Heavy Duty

Made from Crop Stubble
100% Plant No Wood Pulp Tamper Proof
Feedstock Agnostic

For Takeaway Continuous Testing Oil & Water Resistant High Temp Resistance
Keeps Food Insulated Globally Certified Suited for all F&B -20 to +140 ºC
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OUR ASSETS

Head Office
Located in south Delhi close
to major commercial zones,
hotels and the international
airport

Production Facility
Located over 40,000 sq. ft.
area in the adjacent state of
Uttar Pradesh which is one
of the densest agricultural
regions

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SELECT CUSTOMERS
We service the entire spectrum of food services and retail including households

Events / Festivals Home Restaurants / Catering Travel

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PORTFOLIO

The Ecoware portfolio covers the entire range of Cups,

Plates, Bowls, Takeaway Boxes, Trays and Cutlery

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PLATES

Round Plates in 6”, 7”, 10” & Compartment Plates in 10” & Square Plates in 6” & 8”
12” 12” Depth 0.6” & 0.9”
Depth 1” Depth 1.1”

All dimensions in inches 16

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CUPS

Cup 250 ml Cup 220 ml

Dia. 3.1” x Dia. 1.8” x Depth Dia. 2.9” x Dia. 1.6” x Depth
3.2” 3.2”

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BOWLS

Large Bowls in 340 ml Small Bowls in 180, 240 & 270 Square Bowls in 150 ml
Dia. 5.1” x Depth 2.4” ml Length 4” x Depth 1.2”
Dia. 4” x Depth 1.4”

Lids for all Bowls available soon 18

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TRAYS

Single Compartment Tray 2 Compartment Tray 3 Compartment Tray

9” x 7” x 2” 9” x 7” x 2” 9.4” x 7.2” x 1.5”

5 Compartment Tray
Coming in 2020
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BOXES

450 ml ‘Hamburger’ Box 600 ml ‘Sandwich’ Box 1000 ml Clamshell Box

6” x 6” x 3” 7” x 5” x 1.8” 9” x 7” x 3”

750 ml ‘Food Box’ with Lid 5 Compartment Clamshell Box 3 Compartment Clamshell Box
7” x 6” x 1” 11” x 9” x 1.5” 9” x 9” x 1.5”
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OTHERS

Wooden Spoon Wooden Fork Wooden Knife

Length 14 cm Length 14 cm Length 14 cm

Wooden Spork
Length 16 cm
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GRANTS
Awarded the prestigious Expo Live Innovation
Impact USD $100,000 Grant by Dubai Expo
2020. This Grant allows us to expand our
sustainable packaging product range to fight
single-use plastics globally
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2
Awarded the $100,000 COVID-19 Response
Grant by the Unreasonable Group and Barclays
Bank to scale up solutions for fighting the
coronavirus pandemic globally
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AWARDS
Validation for being a pioneer in the anti-plastic movement

Highest civilian honor for women Finalist, Indian Circular Enterprising Women of the
by the President of India Economy Awards Year, Government of India
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CERTIFICATES
We have 4 of the most important certifications in our industry

For sale in
United States

For sale in For sale in

India Europe

For sale in
Asia

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CERTIFICATES
We conceive, design and manufacture for a circular economy

Specification Standard Laboratory Date

Food Migration IS 9845 Intertek, India Dec 2018

PFAS (Fluorine) Free EU 2019/1021 TUV Rheinland, China Aug 2019

Biobased Content ASTM D6866-18 Beta Analytics Inc., USA Feb 2020

Heavy Metals & Ash EN 13432 / ASTM D6400 Merieux NutriSciences, Italy Jun 2020

Quantitative ISO 16929 / EN 13432 /

Merieux NutriSciences, Italy Aug 2020
Compostability ASTM D6400

Ecotoxicity on Plants EN 13432 / ASTM D6400 Merieux NutriSciences, Italy Aug 2020

Compostability ISO 17088 CIPET, India Sep 2020

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ACCREDIATIONS

Distinction Agency Date

USDA Certified Biobased Product
USDA BioPreferred Program, USA Dec 2013
Label

India Design Mark India Design Council May 2018

Finalist The Dell Award for Circular Economy Jan 2019

Associate Member National Restaurant Association of India Mar 2020

CE100 Network The Ellen MacArthur Foundation, UK May 2020

Singapore Green Label The Singapore Environment Council Jul 2020

Efficient Solution Label Solar Impulse Foundation, France Sep 2020

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OUR IMPACT

Ecoware creates $2.47 of Environmental, Social and

Governance (ESG) impact for every $1 invested into
the company*

Reduction in GHG emissions from paper and

plastic saved. Improvements in soil quality by

$2.47
using Ecoware composted materials

Ecoware workers earn higher wages relative to

alternate employment opportunities available.
Have access to financial safety net through
pension and insurance

Reduction in medical expenses through healthier

consumption habits developed through
advocacy and marketing efforts

*Impact Investment Exchange, Singapore, May 2016 27

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SUSTAINABLE DEVELOPMENT GOALS

Ecoware meets three UN Sustainable Development Goals (SDGs) as it seeks out impact driven results

As an organization founded and led by a woman, Ecoware gives huge importance to women empowerment. At least
30% of our workforce consists of women who were previously unemployed. We have monthly and quarterly meetings
to discuss their physical and mental health, general well being and financial literacy to ensure they are in control of
their own finances. We target hiring of women from local areas, preferably via referrals from current employees.

Ecoware makes products for a circular economy. Ecoware is made from the waste of common agricultural crops to create
single-use packaging that replaces plastic, thereby providing a sustainable alternative and an incentive for consumers and
businesses to give up plastic. By diverting plastic away from the natural environment and waterways, we closing the loop
on the consumption. Ecoware will degrade naturally within 100 days into compost that improves soil quality.

Air pollution due to crop stubble burning is a growing contributor to climate change. By using this same resource as a raw
material, we are decelerating climate change. The Ecoware process ensures farmers are monetarily incentivized not to burn,
to treat crop stubble as a resource and to sell it for conversion to biodegradable consumer products. Our production
process releases no gaseous, solid or liquid waste.

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REVENUE DISTRIBUTION

Strong
All major Tier 1 & 2 cities in India covering
major consumer markets (Delhi, Mumbai,
Bangalore, Hyderabad, etc.)

Emerging
Tier 3 cities or capital cities of growing
consumer markets (Ahmedabad, Indore,
Lucknow, Kanpur, Jalandhar & Guwahati)

Potential
Regions predominantly in east India
hampered by low demand and high
transportation costs

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REVENUE DISTRIBUTION
Ecoware is sold in over 15 countries in wholesale and retail

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TANGIBLE ECONOMIC BENEFIT TO CUSTOMERS

Reference Product: ECOWHAM (450 ml Hamburger Box)

Ecoware Plastic1
Weight per piece (grams) 20 13

Cost per piece (INR Rs.)

Product 5.75 4.90

Disposal2 0.13 1.76

Legislation3 0.00 0.40

Total 5.88 7.06

Cost Savings by using Ecoware -17%

1. Mixed-use single-use plastics

2. Rs 6,355 & Rs. 1,35,628 : Approx. cost for recycling 1 ton of Paper/Board & Mixed Plastics packaging respectively via separate curbside collection in high population density areas
3. [6%] additional costs due to higher taxation and loss of business, levied by national or regional legislation, introduced to dis-incentivize use of single-use plastics
Source: RDC-Environmental & Pira International, March 2003
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CUSTOMIZATION

Custom printed Ecoware products are an

effective way to advertise your business
and stand out from the crowd. Our
experienced Design team will help you
with R&D, concept creation and rendering,
prototyping, technical drawings all the way
through to manufacture and delivery. We
will make your brand sing to impress your
customers with any shape and/or creative
you want.

Services offered:
• Product printing
• Product embossing
• Custom product shape & design
• Custom product pack size
• Sticker printing

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2021 | Q1

Ecoware

M-58 Market | Greater Kailash 2

New Delhi 110048 | INDIA
1 800 419 ECOW | +91 70422 23269
enquir y@ecoware.in | www.ecoware.in 33