Recykal, one of 5 Indian Startups on the World Economic Forum Tech Pioneer '22 List! - Start-Up Hyderabad
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Recykal, one of 5 Indian Startups on the World Economic Forum Tech Pioneer ’22 List!

 1 month ago    
  • Recykal joins the World Economic Forum’s Tech Pioneers Community 2022.
  • 4 other Indian Startups have been chosen to be a part of this Community.
  • In the 2 years within this community, these startups will get a chance to participate in the WEF workshops, events, and high-level discussions. 

The Technology Pioneer, 2022 brings 100 early-stage startups from across the globe that are building new-age technologies and innovations. Becoming a part of the community, these startups begin a 2-year journey with the World Economic Forum (WEF). Joining the WEF allows access to its initiatives, events, and activities.

WEF’s Global Innovators Community is an invitation-only group of the world’s most promising start-ups leading world innovation and technological development. This community is a part of the Centres for the Fourth Industrial Revolution Network. They contribute to developing laws, policies, and strategies in fields such as AI, Blockchain, IoT, Autonomous Vehicles, and Sustainable solutions.

Recykal Joins The WEF Community

Recykal is a Hyderabad-based startup began in 2015 by Mr. Abhay Deshpande. He aimed to create Asia’s first circular economy marketplace. Recykal connects waste generators, waste aggregators, and waste recyclers to solve some of the biggest problems faced by the industry. Moreover, this startup also tackles demand-supply mismatch and lack of transparency issues in the industry. Aiming to create a digital waste ecosystem and the infrastructure to sustain it successfully, Recykal is innovating waste management!

Recykal's Waste Ecosystem

Check out more about Recykal and its Fundings:
Hyderabad-Based B2B Waste Management Platform, Recykal Raises $22 Million From Morgan Stanley. Start-Up Hyderabad Hyderabad-Based B2B Waste Management and Recycling Platform, Recykal (

Upon selection, Mr. Deshpande says; “We are honored… Digitizing the waste management sector paves the path for an inclusive, ethical, circular ecosystem and organized employment for waste workers within the informal economy.”

Saemoon Yoon, Technology Pioneers Community Lead, World Economic Forum, says; “The 2022 cohort of Technology Pioneers is already bringing great changes to industries around the world. By joining this community these emerging tech leaders can continue to show not only the impressive tech advancements within their firms but also how their companies are helping to build a better future for us all.”

Adding, the WEF exclaims that for the first time ever, over one-third of the selected firms are led by women. And, the Tech Pioneers are from 30 countries with Vietnam, Rwanda, and the Czech Republic having representation for the first time!

Other Indian Startups That Made The Cut!

Apart from Recykal, 4 other Indian startups join the WEF Community. They are Vahan, Pandocorp. Proeon, and SmartCoin Financials.

Vahan is a Full-stack labor marketplace for blue-collar workers. In 2016, Madhav Krishna started this company with Headquarters in Bangalore to build a channel allowing businesses to source and hire blue and grey collar workers efficiently.

Pandocorp is the world’s first open-market freight management platform. Founder Nitin Jayakrishnan describes it as a “network-powered all-in-one freight automation for fast-growing businesses”. With HQ in Chennai, Pando Logistics Cloud helps manufacturers & retailers streamline logistics, improving service, and costs & reducing carbon footprint.

Proeon, a plant-based protein ingredient innovator began its journey in 2018 with founders Ashish Korde and Kevin Parekh. Aiming to solve critical formulation challenges at the ingredient level, this Pune-based company is enabling healthier eating, conscious consumption, and cruelty-free food practices.

SmartCoin Financials, co-founded by Rohit Garg, Amit Chandel, Vinay Kumar Singh, and Jayant Upadhyay began in 2015 and is based in Bangalore. It is a technology-driven financial inclusion platform that aims to empower the underserved. SmartCoin allows individuals to avail personal loans instantly.



Rituka M

I am an avid reader and have a passion for writing. Being a law student coming from a commerce background, I have a flair for learning about the dynamic legal and business fraternity, as well as becoming an entrepreneur myself. Innovation, creativity, and hard work are the sole drivers to growth and is my mantra for life.


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