# ReCircle

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/recircle

- Industry: Environmental Services
- Headquarters: Mumbai, India
- Website: www.recircle.in
- Total disclosed funding: $0.6M
- Latest round: Seed (Jul 15, 2024)
- Investors on record: 3

## About

Founded in 2016 by Gurashish Singh Sahni and Rahul Nainani (CEO), and based in Mumbai, India, Swachh Sustainable Solutions Private Limited, trading name under ReCircle operates as an environmental service platform that engages in recycling plastic bottles and converting them into materials. In September 2024, Mumbai Angels, Venture Catalysts, and individual investors co-led an undisclosed amount of venture funding for ReCircle. The firm’s clients include Nestle, Hindustan Unilever Limited, Coca-Cola, Dabur, Mondelez, etc. As of September 2023, the company offers its waste collection services from over 300 locations and operates over 45 processors to convert this into reusable resources.

The firm offers waste recovery and management services for individuals and businesses by employing a tech-enabled circular economy that aims to recycle most plastic waste into reusable plastic to help reduce the waste diverted towards landfills and oceans. As of 2023, the company has diverted over 1,00,000 metric tonnes of plastic waste into reusable resources. 

The company will use the September 2024 funding to diversify and expand its operation and launch its recycling unit.

## Funding rounds

- Seed, Jul 15, 2024, $0.6M — Mumbai Angels, Venture Catalysts, Faad Network

## Investors

- Mumbai Angels (https://capitalatlas.ai/funds/mumbai-angels) — Seed
- Venture Catalysts (https://capitalatlas.ai/funds/venture-catalysts) — Seed
- Faad Network (https://capitalatlas.ai/funds/faad-network) — Seed