About RECITY
RECITY is a company based in India founded in 2016. RECITY has raised $314.81 thousand across 2 funding rounds from investors including Maharashtra State Innovation Society, Narendra Plastic and Akhilesh Bhargava. The company has 82 employees as of April 07, 2024. RECITY operates in a competitive market with competitors including Colu, Commonplace, Samsara Eco, Matter and ReCircle, among others.
- Headquarter India
- Employees 82 as on 07 Apr, 2024
- Stage Minicorn
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Sectors
Government & Social SectorEnvironment
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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 Recity Network Private Limited
- Date of Incorporation 06 Apr, 2017
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$1.63 M (USD)67.41as on Mar 31, 2023
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Net Profit
$65.05 K (USD)28.81as on Mar 31, 2023
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EBITDA
$321.6 K (USD)176.96as on Mar 31, 2023
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Total Equity Funding
$314.81 K (USD)
in 2 rounds
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Latest Funding Round
$314.81 K (USD), Seed
May 21, 2024
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Investors
Maharashtra State Innovation Society
& 8 more
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Employee Count
82
as on Apr 07, 2024
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People of RECITY
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Funding Insights of RECITY
RECITY has successfully raised a total of $314.81K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $314.81 thousand completed in May 2024. 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 RECITY
RECITY has secured backing from 9 investors, including venture fund and angel investors. Prominent investors backing the company include Maharashtra State Innovation Society, Narendra Plastic and Akhilesh Bhargava.
| Investor | Description | Founded Year | Domain | Location |
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Promotion of innovation and digital services in Maharashtra.
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Akhilesh Bhargava |
Angel investor, founder of Tracxn, focused on startups and tech innovation
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Locked | Locked | Locked |
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HD
Harbir Dhingra |
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Investor details for RECITY
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Investments & Acquisitions by RECITY
Investment portfolio details for RECITY
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Financial Statements - RECITY
Detailed financials for RECITY
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Recity Comparisons
Peer comparison for RECITY
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Competitors of RECITY
RECITY 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 Colu, Commonplace, Samsara Eco, Matter. and ReCircle, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Decentralized payments for local communities are enabled via blockchain infrastructure.
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A digital platform for citizen engagement is offered.
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Enzymatic technology is developed for infinite plastic recycling.
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Microplastic filtration technology is developed for textile and wastewater sectors.
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Provider of waste management and recycling solutions for businesses and individuals
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Provider of solutions for plastic recycling
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Detailed competitors of RECITY
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Latest news on Recity
Complete news archive for RECITY
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Frequently Asked Questions about RECITY
RECITY was founded in 2016 and raised its 1st funding round 3 years after it was founded.
RECITY is headquartered in India.
RECITY is a funded company, having raised a total of $314.81K across 2 funding rounds to date.
As of Apr 07, 2024, the latest employee count at RECITY is 82.
Annual revenue of RECITY is $1.63M as on Mar 31, 2023.
RECITY was founded in 2016 in India, operating in the plastic waste management sector. Traceable recyclates are delivered through an ethically sourced supply chain. Plastics value is maximized via circular packaging, waste intelligence, and circular cities programs. A technology platform is utilized to automate waste tracking and efficiency across the value chain. Collaborations with partners facilitate quality sourcing and waste management initiatives.
RECITY's top competitors include Commonplace, Samsara Eco and Matter..
RECITY has 9 investors. Key investors include Maharashtra State Innovation Society, Narendra Plastic, Akhilesh Bhargava, Sangeeta Poly Pack Pvt Ltd, and Harbir Dhingra.
The valuation of RECITY is $12.88M as of May 2024.