PE-VC Fund Investments
Digital waste mgmt platform Recykal attracts $23-M
Hyderabad-based waste-commerce and clean-technology company Recykal has attracted USD 23 million in a bridge round led by Ajay Parekh, with participation from 360 ONE, Strat Ventures and Trinity Combine. While $17.6 million was a primary infusion, the remaining $5.4 million comprised secondary deals.Founded in 2017, Recykal operates a digital waste management platform that connects brands, producers, recyclers, and waste collectors to assist businesses with EPR (extended producer responsibility) regulations and circular economy solutions.The new funds will be used to support working capital requirements and to make strategic investments.In the fiscal year 2026, the company reported gross revenue of INR 1,498 crore and a loss of INR 60 crore.
Between May 2019 and Feb 2024, Recykal had attracted about $46-M from Circulate Capital, Triton Fund, Morgan Stanley, 360 ONE and others.
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