Recykal raised Rs 110 cr in a pre-series B funding round led by a Category II scheme managed by 360 ONE Asset Management.

Apr 10, 2024•over 1 year ago

Amount Raised

₹110 Million

Round Type

series b

HyderabadInformation TechnologySustainabilitySoftware

Investors

Vellyan SubbiahArun VenkatachalamAjay ParekhTriton Investment AdvisorsCirculate CapitalMorgan Stanley

Description

Recykal, a tech startup providing a digitised waste management ecosystem, has raised Rs 110 crore in a pre-series B investment from a Category II scheme managed by 360 ONE Asset Management. This investment will enable Recykal to drive further innovation in their technology, products, and solutions to amplify their growth and strengthen their position as a trusted sustainability partner.

Company Information

Company

Recykal

Location

Hyderabad, Telangana, India

About

Recykal is a tech startup, headquartered in Hyderabad, formalizing the circular economy in India. We are the pioneer of the managed marketplace for the Circular Economy in India, enabling all stakeholders across waste management and recycling with a digitized waste management ecosystem. We operate in these categories offering circularity & sustainability solutions: plastic, paper, metal, e-waste, tyre and batteries. Recykal is a first-of-its-kind technology-driven solution provider for the waste management ecosystem and forms a key link between producers, waste generators, facilitators, and the different stakeholders in the waste management industry in India.

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Funding Insights

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