Cleantech startup ReCircle has successfully raised an undisclosed amount in a bridge funding round co-led by Venture Catalysts, Mumbai Angels, and a group of high-net-worth individuals (HNIs). This fresh infusion of capital follows the company’s earlier pre-Series A round, which saw participation from prominent investors such as Flipkart Ventures, 3i Partners, and Acumen Fund Inc.
The newly raised funds will be strategically allocated towards diversifying the company’s offerings, expanding its operational footprint, and launching a dedicated recycling unit in the coming months. These initiatives are set to strengthen ReCircle’s mission to combat India’s escalating waste management challenges.
Founded in 2016 by Rahul Nainani and Gurashish Singh Sahni, ReCircle has been at the forefront of transforming waste management in India. The startup is dedicated to diverting waste from landfills and oceans, channelling it back into the economy for recycling, reuse, or repurposing. Through its innovative solutions, ReCircle empowers consumers and brands to contribute actively to a sustainable future.
ReCircle has introduced several flagship initiatives, including ClimaOne, a tech-enabled platform that addresses key challenges in the waste management ecosystem by offering real-time tracking, data analytics, and simplified reporting and compliance. Other notable programs include the Plastic EPR (Extended Producer Responsibility) Service, Plastic Neutral Programs, and Project Extra Life, all of which aim to promote ethical circularity and sustainability.
Looking ahead, ReCircle plans to forward integrate into the plastic waste supply chain, enabling it to supply high-quality, traceable recycled plastic content to companies relying on plastic packaging. With these ambitious plans, the company is targeting a revenue milestone of Rs 100 crore in the next financial year, further solidifying its position as a leader in India’s cleantech sector.
