Cleantech startup ReCircle has raised investment in a bridge funding round ,the amount is undisclosed co- led by Venture Catalysts, Mumbai Angels, and high-net-worth individuals (HNIs). Company had previously raised pre Series-A round from Flipkart Ventures, 3i Partners & Acumen Fund Inc.
As per company statement in press release , The new funds will be allocated towards diversification, expansion, and launching its own recycling unit in the coming months.

Founded in 2016 by Rahul Nainani and Gurashish Singh Sahni, Firm aims to solve India’s growing waste problem and empowers consumers and brands to divert waste away from landfills and oceans, and back into the economy to be recycled, reused or repurposed.

The startup has introduced flagship initiatives such as ClimaOne, Plastic EPR Service, Plastic Neutral Programs, and Project Extra Life. Its tech-enabled platform, ClimaOne, addresses existing challenges in the ecosystem by building a unified, transparent platform that provides real-time tracking, backed by data analytics and simplifies reporting and compliance.

ReCircle intends to work towards ethical circularity, and plans to forward integration into the plastic waste supply chain. This will enable it to provide high-quality, traceable recycled plastic content to companies using plastic packaging. The company aims to achieve a revenue of Rs 100 crore in the next financial year.

 

visit: gamicaltech.com recircle