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. RECITY operates in a competitive market with competitors including Colu, Commonplace, Samsara Eco, Matter and ReCircle, among others.
- Annual Revenue₹26.08 Cr
FY 2025 · +15% YoY
- Net Profit₹1.04 Cr
FY 2025 · 4% margin
- EBITDA₹3.20 Cr
FY 2025 · 12% margin
- Total Equity Funding$314.81 K (USD)
in 2 rounds
- Latest Funding Round$314.81 K (USD), Seed
May 21, 2024
- InvestorsMaharashtra State Innovation Society
& 8 more
- Employee Count82
Associated legal entities of RECITY
RECITY operates through Recity Network Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Recity Network Private Limited CIN U93090MH2017PTC293495 | Active | 06 Apr 2017 | Mumbai, Maharashtra | ₹26.1 Cr | 82 | 3 | View details |
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.
- Total Funding $314,809
- Total Rounds 2
- Last Round Seed — $314,809
- Investors Count 9
All 2 funding rounds of RECITY 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 |
|---|---|---|---|---|---|
| 21 May 2024 | $314,809 | Seed | $12.9M | Akhilesh Bhargava | |
| 11 Feb 2019 | – | Grant | – | – |
| Date | Valuation | Stage |
|---|---|---|
| 21 May 2024 | $12.9M | •••••••• |
Last known valuation $12.9M (May 2024). 9 investors in total: 3 institutional and 6 angel.
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 |
|---|---|---|---|---|
Promotion of innovation and digital services in Maharashtra. | 2017 | msins.in | Mumbai, India | |
AB Akhilesh Bhargava | Angel investor, founder of Tracxn, focused on startups and tech innovation | – | unknown_95a47c55d4de4da9b | - |
HD Harbir Dhingra | - | – | unknown_474d009dca1545998 | - |
UC Upkaran Chawla | - | – | unknown_5ecea47eb6594abf9 | - |
GK Ganesh Kumar | - | – | unknown_5b09a65697b5430cb | - |
SS Sukhdeep Singh Sethi | - | – | unknown_69303947f18a45f99 | - |
PS Prahlad Swaroop Bhargava | - | – | unknown_e71d3bb207654e7da | - |
Plastic Bags Manufacturer | 1975 | narendrabags.com | Mumbai, India | |
Manufacturing of polypropylene sheets and films for printing, packaging, and stationery industries. | – | sangeetapolypack.com | - |
Investor details for RECITY
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Recity Network Private Limited (RECITY)
Recity Network Private Limited is the primary company behind RECITY. The board of Recity Network Private Limited currently have 3 directors; the longest-serving is Meha Lahiri, appointed in 2017. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Meha Lahiri DIN 07709073 | Director | 06 Apr 2017 | 9 yrs 6 mo | Recity Network Private Limited |
| Surajkumar Nandakumar DIN 07711137 | Director | 06 Apr 2017 | 9 yrs 6 mo | Recity Network Private Limited |
| Akhilesh Bhargava DIN 00380931 | Additional Director | 07 Nov 2025 | 11 mo | Recity Network Private Limited |
People of RECITY
9 people are tracked at RECITY (4 in leadership, 5 in team); the tracked headcount is 82.
| Name | Role | Group |
|---|---|---|
Aman Grover | Assistant General Manager | Leadership |
Suraj Nandakumar | CEO & Co-founder | Leadership |
| Co-founder, COO & CFO | Leadership | |
Yashesh Panchal | Assistant General Manager - Key Projects | Leadership |
Satyabrata Sahoo | Assistant Manager - Projects | Team |
Abhishek Singh | Project Management Officer | Team |
Vivek Shettar | Agm- Material Sourcing | Team |
Mohd Atif Intezar | Community Lead | Team |
Aayush Singh | Behaviour Change Manager | Team |
Complete people profiles for RECITY
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of RECITY
Figures of Recity Network Private Limited, the primary company behind RECITY, for FY 2025. Revenue was ₹26.08 Cr (+15% year on year). Net profit was ₹1.04 Cr (4% margin). EBITDA was ₹3.20 Cr (12% margin). Revenue has grown at a compounded annual rate of +48% over three years and +73% over five years.
- ₹26.08 CrRevenue · FY 2025 · +15% YoY
- ₹1.04 CrNet profit · 4% margin
- ₹3.20 CrEBITDA · 12% margin
- ₹0.01 CrPaid-up capital
- 82Employees (provident fund records)
- +48%Revenue CAGR, 3 years
- +73%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Recity Network Private Limited are on its company page.
Detailed financial statements for RECITY
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of RECITY
4 dated milestones of RECITY across 8 years, from founding to its latest funding, stage changes and deals.
- Founded RECITY is founded.
- Funding First funding round.
- Funding Latest funding round, Seed, of $315K.
- Milestone Reaches Minicorn status.
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 | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| colu.com | 2014 | Tel Aviv, Israel | $26.6M | – | Decentralized payments for local communities are enabled via blockchain infrastructure. | |
| commonplace.is | 2013 | London, United Kingdom | $7.0M | 30 | A digital platform for citizen engagement is offered. | |
| samsaraeco.com | 2021 | Sydney, Australia | $105.6M | – | Enzymatic technology is developed for infinite plastic recycling. | |
| matter.industries | 2018 | Bristol, United Kingdom | $12.2M | 10 | Microplastic filtration technology is developed for textile and wastewater sectors. | |
| recircle.in | 2015 | Mumbai, India | $691,934 | 53 | Provider of waste management and recycling solutions for businesses and individuals | |
| recyclingtechnologies.co.uk | 2011 | Swindon, United Kingdom | $22.9M | 101 | Provider of solutions for plastic recycling | |
| govocal.com | 2015 | Brussels, Belgium | $2.4M | 50 | Digital platform utilized for citizen engagement in local governance. | |
| erema.com | 1983 | Ansfelden, Austria | – | – | Plastic recycling machines are developed and manufactured for thermoplastics. | |
| placemeter.com | 2012 | New York, United States | $7.8M | 244 | Provider of products and equipment for security and surveillance solutions | |
| radical-plastics.com | 2018 | Beverly, United States | $3.8M | 3 | Solutions for plastic recycling are provided using biodegradable technology. |
Detailed competitors of RECITY
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Similar companies to RECITY
10 companies that operate in the same segment as RECITY (GovTech), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Axon is focused on developing public safety technology solutions. | 1993 | Scottsdale, Arizona, United States | – | USD 2.78 B | 4,100 | |
Administrative tools and civic engagement platforms are provided to governments. | 1999 | San Ramon, California, United States | USD 235.62 M | – | – | |
Cloud-based software for visualizing municipal financial data is provided. | 2012 | Redwood City, California, United States | USD 182.12 M | USD 2.39 M | 90 | |
A platform for connecting homeowners with local service professionals is operated. | 2011 | Kansas City, Missouri, United States | USD 30.55 M | – | – | |
Provider of digital signature certificates, PKI, and e-signature solutions | 2008 | Bengaluru, Karnataka, India | USD 26.23 M | USD 74.82 M | 851 | |
Online emergency communication and response system | 2012 | New York, New York, United States | USD 507.54 M | – | – | |
Public safety is managed via cloud-based vehicle surveillance systems. | 2017 | Atlanta, Georgia, United States | USD 657.58 M | – | – | |
AI-based solutions for government decision-making are provided using citizen feedback. | 2014 | Tel Aviv, Israel | USD 94.7 M | – | – | |
A mobile-based payment platform is provided for government agencies. | 2013 | Kansas City, Missouri, United States | USD 271.85 M | – | – | |
Website development, HR management, and emergency notification systems for government agencies | 1998 | Manhattan, New York, United States | USD 456.29 M | – | – |
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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.
RECITY has 82 employees.
The primary company behind RECITY, Recity Network Private Limited, reported revenue of ₹26.08 Cr for FY 2025, up 15% year on year.
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.
RECITY operates through Recity Network Private Limited.
The legal entities of RECITY currently have 3 directors, including Meha Lahiri, Surajkumar Nandakumar, Akhilesh Bhargava.