About Lucro
Lucro is an Environment company based in Mumbai (India) founded in 2012 by Ujwal Desai. It operates as a post-consumer plastic waste is collected, recycled, and manufactured into products. It operates on a Circular Economy and Direct-to-Consumer (D2C) model. Lucro has raised $14.49 million across 4 funding rounds from investors including HUL and Circulate Capital. Lucro was last valued at $49.18 million in June 2022. Its Indian entity Lucro Plastecycle Private Limited reported revenue of ₹118 Cr. Lucro offers products and services including Recycled Granules, Automotive Covers, Flexible Packaging, and Retail Packaging. Its focus areas include Materials, Plastics & Rubber and Recycling & Waste Management. Its competitors include Allonnia, QuantaFuel, Deluxe Recycling India, MacroCycle and revalyu Resources and 4 more; 7 of its 9 listed competitors have raised funding.
Company details
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.
- Annual Revenue₹118 Cr
FY 2025
- Net Profit₹4.79 Cr
FY 2025 · 2% margin
- EBITDA₹13.67 Cr
FY 2025 · 7% margin
- Total Equity Funding$14.49M (USD)
in 4 rounds
- InvestorsHUL
& 1 more
Associated legal entities of Lucro
Lucro is associated with 2 registered companies on The Company Check; the primary company is Lucro Plastecycle Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Lucro Plastecycle Private Limited CIN U25209MH2019PTC329977 | Active | 30 Aug 2019 | Mumbai, Maharashtra | ₹118 Cr | 63 | 4 | View details |
| Tattva Enterprises Llp CIN AAI-5408 | Active | 12 Feb 2017 | Mumbai, Maharashtra | ₹70.5 Cr | 27 | 2 | View details |
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.
- Total Funding $14.49M
- Total Rounds 4
- First Round $4.8M
(Mar 2020)
- Investors Count 2
All 4 funding rounds of Lucro 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 |
|---|---|---|---|---|---|
| Mar 2025 | – | Series A | – | – | |
| Feb 2023 | $4.88M | Series A | – | Circulate Capital | – |
| Jun 2022 | $4.81M | Series A | $49.18M | Circulate Capital | – |
| Mar 2020 | $4.8M | Series A | $14.61M | Circulate Capital | – |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2022 | $49.18M | •••••••• |
| Mar 2020 | $14.61M | •••••••• |
Last known valuation $49.18M (Jun 2022). 2 investors in total: 2 institutional.
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 |
|---|---|---|---|---|
Investment management focused on circular economy and plastic supply chains in high-growth markets. | 2017 | circulatecapital.com | - | |
Fast-moving consumer goods, packaged foods, and consumer products are produced. | 1933 | hul.co.in | Mumbai, India |
Investor details for Lucro
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Verified entity values are shown only after access is granted.
Board of directors of Lucro Plastecycle Private Limited (Lucro)
Lucro Plastecycle Private Limited is the primary company behind Lucro. The boards of the 2 registered companies of Lucro currently have 4 directors; the longest-serving is Saumil Dinesh Desai, appointed in 2017. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Saumil Dinesh Desai DIN 07352388 | Designated Partner | 12 Feb 2017 | 9 yrs 8 mo | Tattva Enterprises Llp, Lucro Plastecycle Private Limited |
| Ujwal Dhruven Desai DIN 03480735 | Partner | 17 Feb 2020 | 6 yrs 8 mo | Tattva Enterprises Llp, Lucro Plastecycle Private Limited |
| Robert Ira Kaplan DIN 08711799 | Director | 10 Apr 2020 | 6 yrs 6 mo | Lucro Plastecycle Private Limited |
| Varun Dinesh Karasia DIN 10140694 | Additional Director | 12 Dec 2025 | 10 mo | Lucro Plastecycle Private Limited |
People of Lucro
2 people are tracked at Lucro (2 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder & MD | Leadership | |
| Director | Leadership |
Complete people profiles for Lucro
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Verified entity values are shown only after access is granted.
Financials of Lucro
Figures of Lucro Plastecycle Private Limited, the primary company behind Lucro, for FY 2025. Revenue was ₹118 Cr. Net profit was ₹4.79 Cr (2% margin). EBITDA was ₹13.67 Cr (7% margin).
- ₹118 CrRevenue · FY 2025
- ₹4.79 CrNet profit · 2% margin
- ₹13.67 CrEBITDA · 7% margin
- ₹1.62 CrPaid-up capital
- 63Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Lucro Plastecycle Private Limited are on its company page.
Detailed financial statements for Lucro
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Timeline of Lucro
4 dated milestones of Lucro across 13 years, from founding to its latest funding, stage changes and deals.
- Founded Lucro is founded.
- Funding First funding round of $4.8M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A,.
Competitors of Lucro
Lucro has 9 listed competitors in our database, 7 of them funded. They include Allonnia, QuantaFuel, Deluxe Recycling India, MacroCycle and revalyu Resources, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| allonnia.com | 2019 | Boston, United States | $90.65M | 16 | Plastic waste is upcycled through advanced biology and technology solutions. | |
| quantafuel.com | 2014 | Lysaker, Norway | $21.94M | 46 | Developer of technology upgrading plastic waste into valuable, recycled products | |
| ecolinkindia.com | 1999 | Mumbai, India | $278,756 | 93 | 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. | |
| macrocycle.tech | 2023 | Cambridge, United States | $6.5M | – | Developer of zero-carbon plastic upcycling technology | |
| revalyu.com | 2007 | Kleinostheim, Germany | – | 1 | Multiple solutions for plastic bottle recycling are developed. | |
| polycycl.com | 2016 | Kalka, India | $1.08M | 15 | Patented technology is utilized to recycle waste plastics into feedstocks. | |
| ecosheet.com | 2007 | Glenrothes, United Kingdom | – | – | Durable boards from recycled plastic are produced for construction use. | |
| continuusmaterials.com | 2014 | Kingwood, United States | $2M | – | Provider of paper and plastic recycling services | |
| nilo.world | 2017 | Auckland, New Zealand | $1.5M | – | Technology is developed to convert plastic waste into useful materials. |
Detailed competitors of Lucro
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of Lucro
The website of Lucro (lucro.in) receives about 1.9K visits a month.
- Monthly visits1.9K
▼ 35.7% vs previous month
Websites whose visitors overlap most with Lucro. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| circulatecapital.com | 100% | – | #2,700,353 | View details |
Top companies in Waste & Water Management Systems
10 companies that operate in the same segment as Lucro (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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Related news about 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. The company's 1st funding round was a Series A of $4.8M, raised on Mar 2020.
The primary company behind Lucro, Lucro Plastecycle Private Limited, reported revenue of ₹118 Cr for FY 2025.
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.
Lucro is associated with 2 legal entities: Lucro Plastecycle Private Limited, Tattva Enterprises Llp.
The legal entities of Lucro currently have 4 directors, including Ujwal Dhruven Desai, Saumil Dinesh Desai, Robert Ira Kaplan and others.