Recykal.com

Recykal is a technology-driven startup based in Hyderabad, India, working towards formalizing the circular economy in the country. The company has established a managed marketplace for the Circular Economy, digitizing the waste management ecosystem and offering solutions for plastic, paper, metal, e-waste, tyre, and batteries. Functioning as a crucial link between producers, waste generators, facilitators, and other stakeholders in the waste management industry, Recykal has effectively managed 7,00,000 MT of waste and raised awareness about efficient waste management practices.

In recent developments, Recykal secured a significant INR1.10B Series B investment on 10 April 2024. The investors involved in this latest funding round include Circulate Capital, IIFL Asset Management, Morgan Stanley, Murugappa Group, Arun Venkatachalam, Ajay Parekh, Vellayan Subbiah, Triton Investment Advisors LLP, and Pidilite Industries Limited.

Having gained recognition for its efforts, Recykal has received prestigious accolades, including being named the No. 1 Growth Champion in India by the Economic Times, and being acknowledged as one of the World's Most Innovative Companies by Fast Company. Moreover, the World Economic Forum has lauded Recykal as a Tech Pioneer. With over 400 brands, 325+ recyclers and co-processors, 10,000+ businesses, 600+ urban local bodies, and 3000+ service providers and aggregators associated with the platform, Recykal has demonstrated its potential to drive sustainable change across the waste management and recycling industry.