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
*********
- 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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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.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Debt – Conventional — $4.0M
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First Round
First Round
(12 Jan 2013)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Debt – Conventional - Let's Recycle | Valuation |
investors |
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| Nov, 2020 | Amount | Series C - Let's Recycle | Valuation | Aavishkaar Capital , Circulate Capital |
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| Nov, 2019 | Amount | Series B - Let's Recycle | Valuation | Aavishkaar Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Diversified investment portfolios are managed for various clients.
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Founded Year | Domain | Location | |
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Venture capital firm
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Founded Year | Domain | Location | |
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Investment management focused on circular economy and plastic supply chains in high-growth markets.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Let's Recycle
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Lets Recycle
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Let's Recycle Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provides solutions for the collection, segregation, processing, and recycling of municipal dry waste
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| domain | founded_year | HQ Location |
Intelligent robots are provided for commercial and industrial automation tasks.
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| domain | founded_year | HQ Location |
Manufacturer of recycled steel and plastic products from industrial waste
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| domain | founded_year | HQ Location |
Software solutions for industrial waste management are provided.
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| domain | founded_year | HQ Location |
Provider of waste management solutions
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Let's Recycle
Frequently Asked Questions about Let's Recycle
When was Let's Recycle founded?
Let's Recycle was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Where is Let's Recycle located?
Let's Recycle is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Is Let's Recycle a funded company?
Let's Recycle is a funded company, having raised a total of $38.62M across 8 funding rounds to date. The company's 1st funding round was a Series B of $5.72M, raised on Jan 12, 2013.
How many employees does Let's Recycle have?
As of Aug 28, 2025, the latest employee count at Let's Recycle is 281.
What is the annual revenue of Let's Recycle?
Annual revenue of Let's Recycle is $15.31M as on Mar 31, 2024.
What does Let's Recycle do?
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.
Who are the top competitors of Let's Recycle?
Let's Recycle's top competitors include Peppermint Robotics, Nepra and Organic Recycling Systems.
Who are Let's Recycle's investors?
Let's Recycle has 6 investors. Key investors include Triodos Investment Management, Aavishkaar Capital, Circulate Capital, Asha, and Ravindra Rameshbhai Patel.
What is Let's Recycle's valuation?
The valuation of Let's Recycle is $59.37M as of Nov 2020.
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