About Let's Recycle
Let's Recycle is an Environment company based in Ahmedabad (India) founded in 2012 by Chirag Nathubhai Patel and Dhrumin Maheshkumar Patel. It operates as a dry waste is collected, segregated, and sent to authorized recyclers. 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. Let's Recycle was last valued at $59.37 million in November 2020. Its Indian entity Nepra Resource Management Private Limited reported revenue of ₹131 Cr. Its focus areas include Environment Tech, Solid Waste Management Tech, Tech Enabled Waste Management Services and Sustainability Tech. Its competitors include Nepra, Peppermint Robotics, RecommerceX, Cercle X and Organic Recycling Systems; 4 of its 5 listed competitors have raised funding.
Company details
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.
- Headquarters Ahmedabad, India
- Employees 281
- Founders Chirag Nathubhai Patel, Dhrumin Maheshkumar Patel
- Stage Minicorn
- SectorsEnvironment
- Email••••••••
- Phone•••• ••••
- Website letsrecycle.in
- Social LinkedIn X Facebook
- Legal Name Nepra Resource Management Private Limited
- Date of Incorporation 13 Oct, 2006
- Jurisdiction Ahmedabad, Gujarat, India
- Annual Revenue₹131 Cr
FY 2025 · 0% YoY
- Net Loss-₹39.08 Cr
FY 2025 · -30% margin
- EBITDA-₹9.25 Cr
FY 2025 · -7% margin
- Total Equity Funding$38.62M (USD)
in 8 rounds
- Latest Funding Round$4M (USD), Debt – Conventional
Jun 2023
- InvestorsTriodos Investment Management
& 5 more
- Employee Count281
Associated legal entities of Let's Recycle
Let's Recycle operates through Nepra Resource Management Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Nepra Resource Management Private Limited CIN U90001GJ2006PTC049227 | Active | 13 Oct 2006 | Ahmedabad, Gujarat | ₹131 Cr | 304 | 6 | View details |
Apps and channels of Let's Recycle
Let's Recycle publishes 2 mobile apps with over 1.1K+ downloads.
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 $38.62M
- Total Rounds 8
- Last Round Debt – Conventional — $4M
- First Round $2.5M
(Jan 2013)
- Investors Count 6
All 8 funding rounds of Lets Recycle with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2023 | $4M | Debt – Conventional | – | – | |
| Nov 2020 | $18M | Series C | $59.37M | Aavishkaar Capital, Circulate Capital | – |
| Nov 2019 | $5.72M | Series B | $41.44M | Aavishkaar Capital | |
| Jun 2018 | $6.5M | Series B | $••••• | Aavishkaar Capital | |
| Aug 2016 | $1.95M | Series A | $••••• | Aavishkaar Capital | – |
| May 2015 | $3.61M | Series A | $••••• | – | |
| Jun 2014 | $333,312 | Series A | $••••• | Aavishkaar Capital | – |
| Jan 2013 | $2.5M | Series A | – | Aavishkaar Capital |
| Date | Valuation | Stage |
|---|---|---|
| Nov 2020 | $59.37M | •••••••• |
| Nov 2019 | $41.44M | •••••••• |
| Jun 2018 | $••••• | •••••••• |
| Aug 2016 | $••••• | •••••••• |
| May 2015 | $••••• | •••••••• |
| Jun 2014 | $••••• | •••••••• |
| Jan 2013 | $••••• | •••••••• |
Full valuation and stage history of Lets Recycle
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $59.37M (Nov 2020). 6 investors in total: 4 institutional and 2 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Diversified investment portfolios are managed for various clients. | – | triodos-im.com | Driebergen Rijsenburg, Netherlands | |
Venture capital firm | – | aavishkaarcapital.in | Mumbai, India | |
Investment management focused on circular economy and plastic supply chains in high-growth markets. | 2017 | circulatecapital.com | - | |
Venture capital fund investment in series-A startups | – | ashaventures.in | Mumbai, India | |
RR Ravindra Rameshbhai Patel | - | – | unknown_5395b8b702bc497c9 | - |
DM Dhrumin Maheshkumar Patel | - | – | unknown_e365995fc7ae46ed8 | - |
Investor details for Lets Recycle
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- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Nepra Resource Management Private Limited (Let's Recycle)
Nepra Resource Management Private Limited is the primary company behind Let's Recycle. The board of Nepra Resource Management Private Limited currently have 5 directors; the longest-serving is Anurag Agrawal, appointed in 2018. 9 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Anurag Agrawal DIN 02385780 | Nominee Director | 19 Jun 2018 | 8 yrs 3 mo | Nepra Resource Management Private Limited |
| Robert Ira Kaplan DIN 08711799 | Nominee Director | 02 Dec 2020 | 5 yrs 10 mo | Nepra Resource Management Private Limited |
| Gurjit Singh DIN 07981749 | Director | 17 Jun 2021 | 5 yrs 4 mo | Nepra Resource Management Private Limited |
| Deep Halendra Dholakia DIN 03466012 | Director | 03 Feb 2025 | 1 yr 8 mo | Nepra Resource Management Private Limited |
| Kushal Lathia DIN 11093937 | Nominee Director | 08 May 2025 | 1 yr 5 mo | Nepra Resource Management Private Limited |
People of Let's Recycle
10 people are tracked at Let's Recycle (9 in leadership, 1 in team); the tracked headcount is 281.
| Name | Role | Group |
|---|---|---|
Chirag Nathubhai Patel | Co-Founder | Leadership |
| Co-Founder | Leadership | |
| Head of Sales | Leadership | |
Shaunak Upadhyay | Head, Human Resources | Leadership |
Ravi Patel | Co-Founder & Chief Commercial Officer | Leadership |
Samir Jani | Chief Financial Officer | Leadership |
Dhrumin Patel | Co-Founder & Chief Operating Officer | Leadership |
Sandeep Patel | Co-Founder & CEO | Leadership |
Jatin Kohli | Chief Sales Officer | Leadership |
Amit Patel | Manager, Stretagic Operation | Team |
Complete people profiles for Let's Recycle
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Let's Recycle
Figures of Nepra Resource Management Private Limited, the primary company behind Let's Recycle, for FY 2025. Revenue was ₹131 Cr (0% year on year). Net loss was -₹39.08 Cr (-30% margin). EBITDA was -₹9.25 Cr (-7% margin). Revenue has grown at a compounded annual rate of -6% over three years and +8% over five years.
- ₹131 CrRevenue · FY 2025 · 0% YoY
- -₹39.08 CrNet loss · -30% margin
- -₹9.25 CrEBITDA · -7% margin
- ₹13.70 CrPaid-up capital
- 304Employees (provident fund records)
- -6%Revenue CAGR, 3 years
- +8%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Nepra Resource Management Private Limited are on its company page.
Detailed financial statements for Let's Recycle
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Let's Recycle
4 dated milestones of Let's Recycle across 11 years, from founding to its latest funding, stage changes and deals.
- Founded Let's Recycle is founded.
- Funding First funding round of $2.5M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Debt – Conventional, of $4.0M.
Competitors of Let's Recycle
Let's Recycle has 5 listed competitors in our database, 4 of them funded. They include Nepra, Peppermint Robotics, RecommerceX, Cercle X and Organic Recycling Systems, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| nepra.co.in | 2006 | Ahmedabad, India | $39.33M | 263 | Provides solutions for the collection, segregation, processing, and recycling of municipal dry waste | |
| peppermintrobotics.com | 2019 | Pune, India | $7.31M | 95 | Intelligent robots are provided for commercial and industrial automation tasks. | |
| recommercex.com | 2024 | Noida, India | $3.6M | 18 | Manufacturer of recycled steel and plastic products from industrial waste | |
| cerclex.com | 2020 | Coimbatore, India | $911,723 | 27 | Software solutions for industrial waste management are provided. | |
| organicrecycling.co.in | 2008 | Navi Mumbai, India | – | 46 | Provider of waste management solutions |
Detailed competitors of Lets Recycle
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of Let's Recycle
The website of Let's Recycle (letsrecycle.in) receives about 1.4K visits a month.
- Monthly visits1.4K
▼ 6.7% vs previous month
Websites whose visitors overlap most with Let's Recycle. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| mywastesolution.com | 100% | 16.3K | #1,527,030 | View details | |
mewconsultants.com | mewconsultants.com | 97% | – | #9,467,555 | – |
eprconsultant.com | eprconsultant.com | 87% | – | – | – |
| gravitaindia.com | 74% | 27.4K | #1,223,937 | View details |
Top companies in Waste & Water Management Systems
10 companies that operate in the same segment as Let's Recycle (Waste & Water Management Systems), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Wastewater and energy management services are provided internationally. | 1853 | Aubervilliers, Seine-saint-denis, France | – | USD 52.17 B | 215,040 | |
Sustainable infrastructure solutions in renewable energy are developed and managed. | 1931 | Alcobendas, Comunidad De Madrid, Spain | – | USD 1.9 M | 44 | |
Provider of climate-smart deeptech solutions for renewable energy and sustainable agriculture | 2010 | Pune, Maharashtra, India | USD 76.38 M | USD 56.11 M | 702 | |
Waste collection and management services are provided nationwide. | 1968 | Houston, Texas, United States | – | USD 25.2 B | 61,700 | |
Integrated waste management services are provided nationwide. | 1998 | Phoenix, Arizona, United States | – | USD 16.59 B | 42,000 | |
Provider of smart water purifier rental and maintenance services | 2016 | Bengaluru, Karnataka, India | USD 19.29 M | USD 3.62 M | – | |
Sensor-based sorting and recycling solutions are provided for multiple industries. | 1972 | Asker, Viken, Norway | – | USD 1.53 B | 4,950 | |
Smart water dispensers with flavored options are provided for offices. | 2013 | Boston, Massachusetts, United States | USD 135.53 M | – | 102 | |
Surplus goods are shared among neighbors through a mobile app. | 2015 | London, England, United Kingdom | USD 51.2 M | – | – | |
Water and waste treatment services are provided worldwide. | 1966 | London, England, United Kingdom | – | USD 4.18 B | 9,750 |
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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. The company's 1st funding round was a Series A of $2.5M, raised on Jan 2013.
Let's Recycle has 281 employees.
The primary company behind Let's Recycle, Nepra Resource Management Private Limited, reported revenue of ₹131 Cr for FY 2025, down 0% year on year.
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.
Let's Recycle operates through Nepra Resource Management Private Limited.
The legal entities of Let's Recycle currently have 6 directors, including Anurag Agrawal, Robert Ira Kaplan, Gurjit Singh and others.
Yes. Let's Recycle publishes NRMPL Attendance App and 1 more app, with over 1,100 downloads.