Fundz

Morgan Stanley-backed Recykal raises $18 Mn in Series D funding led by Ajay Parekh, aiming to enhance working capital and strategic investments.

PRIVATEJun 20, 2026

Amount Raised

$18 Million

Round Type

Series D

HyderabadInformation TechnologySustainabilitySoftware

Investors

P. Arun VarmaShyam BhatUsha Reddy ChigarapalliVivek MundhraAryaadi Consulting Services LLPPVS RajuClini Pharma LLP360 One Large Value FundBiological E LtdTrinity CombineStrat Venture LLC360 OneNageshwar ReddyKesari SinghAjay Parekh

Description

Recykal has successfully raised approximately $18 million (Rs 166 crore) in a Series D funding round led by Ajay Parekh of Pidilite Industries. The company will utilize the funds to support working capital and strategic investments. This funding validates Recykal's valuation at around $280 million post-money. Established in 2016, Recykal specializes in digital waste management solutions.

Who to call at Recykal, and when

A new round usually means Recykal is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Recykal raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Recykal, from your own LinkedIn network
See plan options
Trusted byOracleSnowflakeCloudflareLinkedInGoogleSalesforce 4.8/5 on G2

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.

AI made execution free. Knowing first is the whole game now.

Fundz sees it the moment Recykal raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

1 contact
Predictive Intelligence
Strategic

ML-powered predictions for Recykal's next move

See what Strategic adds

Recykal raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

5 screens from a live account. No signup.

Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.