# Srichakra Polyplast (India) Pvt

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/srichakra-polyplast-india-pvt

- Industry: Environmental Services
- Headquarters: Hyderabad, India
- Website: www.srichakra.in
- Total disclosed funding: $7.3M
- Latest round: Series A (Sep 2, 2022)
- Investors on record: 1

## About

Srichakra Polyplast is a company focused on innovative recycling solutions, transforming plastic waste into reusable products and enhancing sustainability across various industries.Founded in 2010 and headquartered in Hyderabad, India, Srichakra Polyplast specializes in recycling solutions. The company has maintained a consistent business strategy without significant pivots and has closed two deals as of September 2022. The latest funding round, Series A, raised INR 202.8 million from Circulate Capital, bringing the total amount raised to INR 202.8 million. Currently, the company's valuation is INR 2005.724 million.Srichakra Polyplast specializes in innovative recycling solutions aimed at transforming plastic waste into valuable products, aligning with sustainability objectives. The company provides comprehensive waste management services, recycling equipment, and efficient recycling processes for industries including beverages, FMCG, and paints and lubricants. Their offerings facilitate the conversion of plastic waste into reusable materials, addressing environmental challenges and enhancing sustainability efforts for clients in various sectors.In the most recent fiscal year 2023, Srichakra Polyplast generated revenue of INR 13,487,448.70 with an EBITDA of INR 1,051,364.90. The company’s revenue comes from structured transactions with a diverse B2B client base, encompassing long-term contracts for ongoing waste management and recycling services, ensuring steady income through one-time fees and subscription models.Following the Series A funding round in September 2022, Srichakra Polyplast plans to utilize the raised INR 202.8 million to develop new recycling technologies and expand its product offerings. The company is targeting geographical expansion into Southeast Asia and Europe by 2024, focusing on regions that emphasize sustainable waste management solutions. This strategic approach aims to leverage recent funding to enhance its market presence and introduce innovative products that align with its commitment to environmental sustainability.

## Funding rounds

- Series A, Sep 2, 2022, $2.5M — Circulate Capital
- Series A, Jul 27, 2020, $4.7M — Circulate Capital

## Investors

- Circulate Capital (https://capitalatlas.ai/funds/circulate-capital) — Series A