ReCircle is a pioneering startup with a vision to eliminate waste and promote ethical circularity. Established in 2015, the company operates from India and recently secured a Seed Round investment on 26 September 2023 from notable investors including Acumen, Flipkart Ventures, and Impact India Investment Partners. ReCircle's mission extends beyond profit-making, as it strives to harness the untapped value inherent in waste from environmental, societal, and economic perspectives. The company has evolved from an Uber for scrap aggregator model to a social enterprise with a strong emphasis on environmental and community impact. By collaborating with individuals, multinational brands, and urban local bodies, ReCircle has expanded its reach to 102+ Cities, Towns and Villages, 20 States and 3 Union Territories in India. Driven by data, analytics, and technology, ReCircle focuses on localizing resource recovery systems and mobilizing support from grassroots levels to major corporations. The company's efforts are bolstered by a partnership with 2223+ informal waste workers, resulting in an impressive waste recovery rate of 1720 kgs per hour (2021-22), with a lifetime waste recovery figure standing at 25,904+ metric tons (as of March 2020). ReCircle's enduring commitment to environmental sustainability and social impact positions it as a promising investment opportunity with a potentially significant influence on waste management and circular economy initiatives. Explore more about ReCircle and its endeavor for resource recovery at recircle.in.
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