Recykal Revolutionizes Waste Management with a Robust Rs 110 Crore Investment, Spearheading Sustainability in India – Start-Up Hyderabad
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Recykal Revolutionizes Waste Management with a Robust Rs 110 Crore Investment, Spearheading Sustainability in India

 1 month ago    

Hyderabad’s Recykal emerges as a beacon of innovation in the sustainability sector, securing a monumental Rs 110 crore in pre-series B funding from 360 ONE Asset Management’s Category II scheme. This significant financial milestone propels Recykal’s mission to modernize waste management through its tech-driven ecosystem that enhances waste collection, processing, and recycling efforts across India.

With a vision deeply rooted in transforming waste management practices, Recykal’s latest funding underscores investor confidence in its sustainable mission. Abhay Deshpande, the Founder and CEO of Recykal, emphasizes the investment’s role in fostering further technological and solution-driven innovations, aiming to expand the company’s growth and establish it as a leader in sustainable practices.

Boasting an impressive funding history with a total of $35 million raised to date, Recykal is backed by influential investors, including Morgan Stanley, Circulate Capital, Triton Investment Advisors, and distinguished individuals like Ajay Parekh from Pidilite Industries, alongside Arun Venkatachalam and Vellyan Subbiah of the Murugappa Group.

Recykal’s unique approach combines environmental conservation with economic opportunities through its technology platform, facilitating efficient waste segregation and recycling. This model addresses pressing environmental issues and champions the circular economy concept.

The company’s strategic initiatives align with India’s National Circular Economy Framework and the Confederation of Indian Industry (CII), positioning Recykal at the forefront of a potential $ 2 trillion circular economy space in India by 2050. This alignment highlights the critical role of innovation in achieving sustainability goals on a national scale.

360 ONE Asset Management, part of the esteemed 360 ONE group, brings extensive financial and strategic support to Recykal’s mission, with its $54 billion in assets under management underscoring the investment firm’s commitment to fostering sustainable growth.

Recykal’s journey represents a significant stride towards innovative waste management solutions in India. With its cutting-edge technology and strategic investments, Recykal is tackling waste management challenges and leading the charge towards a sustainable, circular economy, showcasing the transformative power of technology in achieving ecological balance.

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Hi, I am Greeshma Nethrikaa. I'm an engineer by day and a content writer by night!

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