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
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Investors
HUL
& 1 more
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Employee Count
Employee Count
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Last Round
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First Round
First Round
(13 Mar 2020)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2025 | Amount | Series A - Lucro | Valuation |
investors |
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| Feb, 2023 | Amount | Series A - Lucro | Valuation | Circulate Capital |
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| Jun, 2022 | Amount | Series A - Lucro | Valuation | Circulate Capital |
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| 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 Lucro
Lucro has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include HUL 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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Investment management focused on circular economy and plastic supply chains in high-growth markets.
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Founded Year | Domain | Location | |
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Fast-moving consumer goods, packaged foods, and consumer products are produced.
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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 Lucro
| 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 - Lucro
| 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 |
Lucro Comparisons
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. 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 |
Plastic waste is upcycled through advanced biology and technology solutions.
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| domain | founded_year | HQ Location |
Developer of technology upgrading plastic waste into valuable, recycled products
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| domain | founded_year | HQ Location |
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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| domain | founded_year | HQ Location |
Developer of zero-carbon plastic upcycling technology
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| domain | founded_year | HQ Location |
Multiple solutions for plastic bottle recycling are developed.
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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 Lucro
Frequently Asked Questions about Lucro
When was Lucro founded?
Lucro was founded in 2012 and raised its 1st funding round 8 years after it was founded.
Where is Lucro located?
Lucro is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is Lucro a funded company?
Lucro is a funded company, having raised a total of $14.49M across 4 funding rounds to date. The company's 1st funding round was a Series A of $4.81M, raised on Mar 13, 2020.
What is the annual revenue of Lucro?
Annual revenue of Lucro is $10.38M as on Mar 31, 2024.
What does Lucro do?
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.
Who are the top competitors of Lucro?
Lucro's top competitors include Allonnia, QuantaFuel and revalyu Resources.
What products or services does Lucro offer?
Lucro offers Recycled Granules, Automotive Covers, Flexible Packaging, and Retail Packaging.
Who are Lucro's investors?
Lucro has 2 investors. Key investors include HUL, and Circulate Capital.
What is Lucro's valuation?
The valuation of Lucro is $49.18M as of Jun 2022.
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