About Let's Recycle
Let's Recycle is a company based in Ahmedabad (India) founded in 2012 by Chirag Nathubhai Patel and Dhrumin Maheshkumar Patel. Let's Recycle has raised $38.62 million across 8 funding rounds from investors including Triodos Investment Management, Aavishkaar Capital and Circulate Capital. The company has 281 employees as of August 28, 2025. Let's Recycle operates in a competitive market with competitors including Nepra, Peppermint Robotics, RecommerceX, Cercle X and Organic Recycling Systems, among others.
- Headquarter Ahmedabad, India
- Employees 281 as on 28 Aug, 2025
- Founders Chirag Nathubhai Patel, Dhrumin Maheshkumar Patel
- Stage Minicorn
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Sectors
Environment
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Email
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Phone
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Website
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Social
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- Legal Name Nepra Resource Management Private Limited
- Date of Incorporation 13 Oct, 2006
- Jurisdiction Ahmedabad, Gujarat, India
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Annual Revenue
$15.31 M (USD)-9.41as on Mar 31, 2024
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Net Profit
-$2.92 M (USD)28.26as on Mar 31, 2024
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EBITDA
-$794.39 K (USD)55.93as on Mar 31, 2024
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Total Equity Funding
$38.62 M (USD)
in 8 rounds
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Latest Funding Round
$4 M (USD), Debt – Conventional
Jun 14, 2023
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Investors
Triodos Investment Management
& 5 more
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Employee Count
281
as on Aug 28, 2025
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People of Let's Recycle
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Funding Insights of Let's Recycle
Let's Recycle has successfully raised a total of $38.62M across 8 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $4 million completed in June 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Let's Recycle
Let's Recycle has secured backing from 6 investors, including venture fund and angel investors. Prominent investors backing the company include Triodos Investment Management, Aavishkaar Capital and Circulate Capital.
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Venture capital firm
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Investment management focused on circular economy and plastic supply chains in high-growth markets.
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Investor details for Lets Recycle
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Investments & Acquisitions by Let's Recycle
Investment portfolio details for Lets Recycle
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Financial Statements - Lets Recycle
Detailed financials for Lets Recycle
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Let's Recycle Comparisons
Peer comparison for Lets Recycle
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Competitors of Let's Recycle
Let's Recycle operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Nepra, Peppermint Robotics, RecommerceX, Cercle X and Organic Recycling Systems, among others.
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Provides solutions for the collection, segregation, processing, and recycling of municipal dry waste
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Intelligent robots are provided for commercial and industrial automation tasks.
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Manufacturer of recycled steel and plastic products from industrial waste
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Software solutions for industrial waste management are provided.
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Provider of waste management solutions
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Detailed competitors of Lets Recycle
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Latest news on Let's Recycle
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Frequently Asked Questions about Let's Recycle
Let's Recycle was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Let's Recycle is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Let's Recycle is a funded company, having raised a total of $38.62M across 8 funding rounds to date.
As of Aug 28, 2025, the latest employee count at Let's Recycle is 281.
Annual revenue of Let's Recycle is $15.31M as on Mar 31, 2024.
Lets Recycle was founded in 2012 in Ahmedabad, India, as a provider of dry waste management services. Dry waste is collected through user-requested pickups arranged by phone, segregated by trained waste pickers enrolled for identifying high-value materials, and forwarded to authorized recyclers. Charges are assessed on a case-by-case basis. Operations serve government bodies, hospitality, corporate and industrial sectors, retail outlets, hospitals, townships, and individual households.
Let's Recycle's top competitors include Peppermint Robotics, Nepra and Organic Recycling Systems.
Let's Recycle has 6 investors. Key investors include Triodos Investment Management, Aavishkaar Capital, Circulate Capital, Asha, and Ravindra Rameshbhai Patel.
The valuation of Let's Recycle is $59.37M as of Nov 2020.