Cleantech startup ReCircle has successfully raised an undisclosed amount of investment in a bridge funding round, co-led by Venture Catalysts, Mumbai Angels, and a group of high-net-worth individuals (HNIs). This new funding will support the company’s strategic goals of diversification, expansion, and the establishment of its own recycling unit in the coming months.
Founded in 2016 by Rahul Nainani and Gurashish Singh Sahni, ReCircle is dedicated to addressing India’s escalating waste management challenges. The company empowers both consumers and brands to divert waste from landfills and oceans, channeling it back into the economy through recycling, reuse, or repurposing.
ReCircle had previously secured pre-Series A funding from Flipkart Ventures, 3i Partners, and Acumen Fund Inc., reflecting strong investor confidence in its mission.
The startup has launched several flagship initiatives, including ClimaOne, Plastic EPR Service, Plastic Neutral Programs, and Project Extra Life. ClimaOne, ReCircle’s tech-enabled platform, is designed to tackle ecosystem challenges by offering a unified, transparent platform that provides real-time tracking, enhanced by data analytics, to simplify reporting and compliance.
Looking ahead, ReCircle has set an ambitious goal to achieve a revenue of Rs 100 crore in the next financial year. The company’s expansion plans and ongoing innovations are expected to play a significant role in advancing sustainability and enhancing the efficiency of recycling processes in India.