About Lucro
Lucro is a company based in Mumbai (India) founded in 2012 by Ujwal Desai. It operates as a Circular Economy and Direct-to-Consumer (D2C). Lucro has raised $14.49 million across 4 funding rounds from investors including HUL and Circulate Capital. Lucro offers products and services including Recycled Granules, Automotive Covers, Flexible Packaging, and Retail Packaging. Lucro operates in a competitive market with competitors including Allonnia, QuantaFuel, Deluxe Recycling India, MacroCycle and revalyu Resources, among others.
- Headquarter Mumbai, India
- Founders Ujwal Desai
- 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 Lucro Plast-E-Cycle Pvt. Ltd.
- Date of Incorporation 30 Aug, 2019
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$10.38 M (USD)56.76as on Mar 31, 2024
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Net Profit
$731.2 K (USD)176.11as on Mar 31, 2024
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EBITDA
$943.98 K (USD)160.86as on Mar 31, 2024
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Total Equity Funding
$14.49 M (USD)
in 4 rounds
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Latest Funding Round
Not available
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Investors
HUL
& 1 more
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Employee Count
Not available
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Products & Services of Lucro
Lucro offers a comprehensive portfolio of products and services, including Recycled Granules, Automotive Covers, Flexible Packaging, and Retail Packaging.
Recycled granules are produced from post-consumer plastic waste.
Automotive covers are made using recycled plastic materials.
Flexible packaging is created from post-consumer recycled content.
Retail packaging is developed with sustainable recycled materials.
Funding Insights of Lucro
Lucro has successfully raised a total of $14.49M across 4 strategic funding rounds. 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 Lucro
Lucro has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include HUL and Circulate Capital.
| Investor | Description | 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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Fast-moving consumer goods, packaged foods, and consumer products are produced.
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Investor details for Lucro
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Investments & Acquisitions by Lucro
Investment portfolio details for Lucro
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Financial Statements - Lucro
Detailed financials for Lucro
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Lucro Comparisons
Peer comparison for Lucro
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Competitors of Lucro
Lucro 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 Allonnia, QuantaFuel, Deluxe Recycling India, MacroCycle and revalyu Resources, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Plastic waste is upcycled through advanced biology and technology solutions.
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Developer of technology upgrading plastic waste into valuable, recycled products
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Manufacturer of recycled composite boards and related products. It produces sturdy, environmentally friendly alternatives to wood, plywood, and plastic-based panels for various applications including furniture, packaging, roofing, and pallets. The manufacturing process prioritizes zero gas emission, zero water effluent, and zero solid waste. The company's products offer cost reduction and consistent quality for end-users. A commitment to sustainability drives its operations, utilizing recycled materials to create high-quality, reusable products.
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Developer of zero-carbon plastic upcycling technology
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Multiple solutions for plastic bottle recycling are developed.
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Detailed competitors of Lucro
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Latest news on Lucro
Complete news archive for Lucro
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Frequently Asked Questions about Lucro
Lucro was founded in 2012 and raised its 1st funding round 8 years after it was founded.
Lucro is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Lucro is a funded company, having raised a total of $14.49M across 4 funding rounds to date.
Annual revenue of Lucro is $10.38M as on Mar 31, 2024.
Lucro is involved in the collection, recycling, and manufacturing of post-consumer plastic waste into high-value sustainable products. Operations span across waste management in 30 villages and cities in India, supporting over 200 waste pickers and enabling brands to transition to post-consumer recycled materials. Solutions are provided in sectors like automotive, retail, and flexible packaging, promoting a circular economy and reducing environmental impact through innovative recycling processes. Sustainability and social equity are prioritized at every step, with significant reductions in CO2 emissions achieved annually.
Lucro's top competitors include Allonnia, QuantaFuel and revalyu Resources.
Lucro offers Recycled Granules, Automotive Covers, Flexible Packaging, and Retail Packaging.
Lucro has 2 investors. Key investors include HUL, and Circulate Capital.
The valuation of Lucro is $49.18M as of Jun 2022.