Angel Investments
Plastic waste recycling co. Ricron raises funding led by Boon Sustainable Tech
Ankleshwar, Gujarat-based plastic waste recycling company Ricron Panels has raised a Series A round of funding led by Boon Sustainable Technologies. The round also saw participation from Harsh Mohunta (Managing Director, Classic Display Systems), Dinesh Babbar (ex-President, Infra.Market), Venkatesh Srinivasan (ex-Partner, EY GDS), Architect Renuka Sharma, and Kaushik Rajan (Founder, Stoicus Legal) and Veromint Advisors.Founded by Rahul Chaudhary and Radhika Chaudhary, Ricron's patented technology transforms non-recyclable plastic waste into waterproof, rust-proof, fire-retardant, heat-resistant, termite-proof, and impact-resistant building materials, including roofing, framework shuttering, doors, panels, and storage pallets.
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