About ReCircle
ReCircle is a company based in Mumbai (India) founded in 2015 by Gurashish Singh Sahni and Rahul Nainani.. ReCircle has raised $691.93 thousand across 4 funding rounds from investors including Flipkart, Mumbai Angels and Venture Catalysts. The company has 81 employees as of September 16, 2024. ReCircle offers products and services including Extended Producer Responsibility (EPR), Plastic Neutral Program, and ClimaOne. ReCircle operates in a competitive market with competitors including Samsara Eco, Matter., Recycling Technologies, EREMA and Radical Plastics, among others.
- Headquarter Mumbai, India
- Employees 81 as on 16 Sep, 2024
- Founders Gurashish Singh Sahni, Rahul Nainani
- 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 Swachh Sustainable Solutions Private Limited
- Date of Incorporation 25 Feb, 2016
- Jurisdiction Goregaon East, Maharashtra, India
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Annual Revenue
$3 M (USD)89.83as on Mar 31, 2023
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Net Profit
$294.71 K (USD)258.71as on Mar 31, 2023
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EBITDA
$481.05 K (USD)192.78as on Mar 31, 2023
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Total Equity Funding
$691.93 K (USD)
in 4 rounds
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Latest Funding Round
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Investors
Flipkart
& 10 more
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Employee Count
81
as on Sep 16, 2024
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Products & Services of ReCircle
ReCircle offers a comprehensive portfolio of products and services, including Extended Producer Responsibility (EPR), Plastic Neutral Program, and ClimaOne. 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.
Manages producer accountability for waste recycling and disposal.
Offsets plastic waste through environmental projects and initiatives.
Provides visibility and control over materials for sustainability goals.
Funding Insights of ReCircle
ReCircle has successfully raised a total of $691.93K 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
(18 Jun 2019)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2024 | Amount | Seed - ReCircle | Valuation | Venture Catalysts , Mumbai Angels |
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| Sep, 2023 | Amount | Seed - ReCircle | Valuation | Acumen , Flipkart Leap | |
| Aug, 2020 | Amount | Angel Round - ReCircle | Valuation | Amit Chauhan |
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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 ReCircle
ReCircle has secured backing from 11 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Flipkart, Mumbai Angels and Venture Catalysts. 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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Early-stage startup ecosystem is supported by Venture Catalysts in India.
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Founded Year | Domain | Location | |
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Early-stage venture investments are facilitated by Mumbai Angels network.
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Founded Year | Domain | Location | |
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Venture capital fund focused on multiple sectors
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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 ReCircle
| 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 - ReCircle
| 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 |
Recircle Comparisons
Competitors of ReCircle
ReCircle 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 Samsara Eco, Matter., Recycling Technologies, EREMA and Radical Plastics, 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 |
Enzymatic technology is developed for infinite plastic recycling.
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| domain | founded_year | HQ Location |
Microplastic filtration technology is developed for textile and wastewater sectors.
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| domain | founded_year | HQ Location |
Provider of solutions for plastic recycling
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| domain | founded_year | HQ Location |
Plastic recycling machines are developed and manufactured for thermoplastics.
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| domain | founded_year | HQ Location |
Solutions for plastic recycling are provided using biodegradable technology.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Recircle
Frequently Asked Questions about ReCircle
When was ReCircle founded?
ReCircle was founded in 2015 and raised its 1st funding round 4 years after it was founded.
Where is ReCircle located?
ReCircle is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of ReCircle?
Rahul Nainani is the current CEO of ReCircle. They have also founded this company.
Is ReCircle a funded company?
ReCircle is a funded company, having raised a total of $691.93K across 4 funding rounds to date. The company's 1st funding round was a Angel Round of $21.54K, raised on Jun 18, 2019.
How many employees does ReCircle have?
As of Sep 16, 2024, the latest employee count at ReCircle is 81.
What is the annual revenue of ReCircle?
Annual revenue of ReCircle is $3M as on Mar 31, 2023.
What does ReCircle do?
Founded in 2015 and based in Mumbai, India, ReCircle operates in the waste management sector. Services encompass plastic neutrality programs, textile waste handling, and supply chain traceability. Waste is converted into resources to support sustainability objectives. Community collection initiatives and stakeholder partnerships are utilized to advance circular economy practices. A technology platform is employed for visibility and management of materials from sourcing to disposal.
Who are the top competitors of ReCircle?
ReCircle's top competitors include Samsara Eco, Matter. and Recycling Technologies.
What products or services does ReCircle offer?
ReCircle offers Extended Producer Responsibility (EPR), Plastic Neutral Program, and ClimaOne.
Who are ReCircle's investors?
ReCircle has 11 investors. Key investors include Flipkart, Mumbai Angels, Venture Catalysts, Acumen, and Flipkart Leap.
What is ReCircle's valuation?
The valuation of ReCircle is $7.79M as of Sep 2023.