About Recyclekaro
Recyclekaro is an Environment company based in Navi Mumbai (India) founded in 2010 by Rajesh Gupta. Recyclekaro has raised $16.8 million across 8 funding rounds from investors including AIG, Ascent Capital and J M Global Equities. Recyclekaro was last valued at $43.59 million in March 2022. Its chief executive, as recorded, is Prassann Daphal. Its Indian entity Evergreen Recyclekaro (India) Limited reported revenue of ₹185 Cr. Recyclekaro offers products and services including E-waste Recycling Service, Battery Recycling Service, and EPR Management Service. Its focus areas include Environment Tech, Solid Waste Management Tech, Recycling and Technology Providers. Its competitors include Lohum and Metastable Materials; 2 of its 2 listed competitors have raised funding.
Company details
Provider of ewaste and battery recycling services. It manages a circular-economy value chain by collecting, recycling, and extracting critical raw materialssuch as lithium, cobalt, nickel, manganese, and precious metals from electronic and battery waste. It also provides facility-based recycling services, capacity expansions, and recovery processes achieving over 95 percent efficiency and 99.5 percent material purity. It supports integrated waste management, including collection networks, waste-to-wealth conversion, residential and corporate e-waste programs, and fostering awareness around sustainability within communities.
- Headquarters Navi Mumbai, India
- Founders Rajesh Gupta
- Stage Minicorn
- SectorsEnvironment
- Email••••••••
- Phone•••• ••••
- Website recyclekaro.com
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Evergreen Recyclekaro India Private Limited
- Date of Incorporation 20 Dec, 2010
- Jurisdiction Thane, Maharashtra, India
- Annual Revenue₹185 Cr
FY 2025 · +75% YoY
- Net Profit₹22.28 Cr
FY 2025 · 10% margin
- EBITDA₹37.78 Cr
FY 2025 · 17% margin
- Total Equity Funding$16.8M (USD)
in 8 rounds
- Latest Funding Round$3.85M (USD), Series A
Feb 2026
- InvestorsAIG
& 61 more
Associated legal entities of Recyclekaro
Recyclekaro is associated with 2 registered companies on The Company Check; the primary company is Evergreen Recyclekaro (India) 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 |
|---|---|---|---|---|---|---|---|
| Evergreen Recyclekaro (India) Limited CIN U93030MH2010PLC211127 | Active | 20 Dec 2010 | Thane, Maharashtra | ₹185 Cr | 48 | 7 | View details |
| Evergreen Lithium Recycling Private Limited CIN U14294MH2019PTC333621 | Active | 26 Nov 2019 | Palghar, Maharashtra | ₹39.7 Cr | 29 | 2 | View details |
Products & Services of Recyclekaro
Recyclekaro offers a comprehensive portfolio of products and services, including E-waste Recycling Service, Battery Recycling Service, and EPR Management Service.
Processes electronic waste to extract and recover valuable metals for reuse.
Recycles batteries to recover materials like cobalt and lithium for industrial supply.
Handles extended producer responsibility for waste management and regulatory compliance.
Apps and channels of Recyclekaro
its YouTube channel Recyclekaro has 1.15K subscribers and 7 videos.
Videos from Recyclekaro
The most watched videos on Recyclekaro's YouTube channel, Recyclekaro (1.15K subscribers). Click a video to play it here.
More on Recyclekaro.
Funding Insights of Recyclekaro
Recyclekaro has successfully raised a total of $16.8M across 8 strategic funding rounds. The most recent funding activity was a Series A round of $3.85 million completed in February 2026. 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 $16.8M
- Total Rounds 8
- Last Round Series A — $3.85M
- First Round $84,369
(Jan 2020)
- Investors Count 62
All 8 funding rounds of Recyclekaro 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 |
|---|---|---|---|---|---|
| Feb 2026 | $3.85M | Series A | – | LRT | |
| Apr 2025 | $5.65M | Series A | – | Realsme, AIG | |
| Oct 2024 | $3.73M | Series A | – | Abhishek Dua, Bikramjit Singh Kandhari | |
| Mar 2022 | $1.5M | Series A | $43.59M | Navin Bhai Patel | |
| Oct 2021 | $1.03M | Series A | $42.3M | Clarion | – |
| Dec 2020 | $866,887 | Angel Round | $••••• | Sudhakar desai | |
| Mar 2020 | $99,380 | Angel Round | – | Sudhakar desai | – |
| Jan 2020 | $84,369 | Angel Round | $••••• | Navin Bhai Patel | – |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2022 | $43.59M | •••••••• |
| Oct 2021 | $42.3M | •••••••• |
| Dec 2020 | $••••• | •••••••• |
| Jan 2020 | $••••• | •••••••• |
Full valuation and stage history of Recyclekaro
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Verified entity values are shown only after access is granted.
Last known valuation $43.59M (Mar 2022). 62 investors in total: 22 institutional and 40 angel.
Investors in Recyclekaro
Recyclekaro has secured backing from 62 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include AIG, Ascent Capital and J M Global Equities.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
AscentCapital is engaged in potato farming, grain marketing, and equipment services in Maine. | 2000 | ascentcapital.in | Bengaluru, India | |
Multiple sectors are invested in via private equity approaches. | jmglobalequities.tcc.mode | Kolkata, India | ||
Brand of nail polish | vanshikachemicals.tcc.mode | |||
Management consulting services are provided to businesses. | cerametconsultants.tcc.mode | Mumbai, India | ||
Contract manufacturing of cosmetics and personal care products is provided. | clarionindia.in | Chennai, India | ||
| shubhamfoundation.tcc.mode | ||||
| jnanaadrifamilytrust.tcc.mode | ||||
AIG is recognized as a leading global insurance organization. | 1919 | aig.com | New York, United States | |
| s-amit.com | ||||
AP Ajay Padval | unknown_34c8a2648572496ca |
Investor details for Recyclekaro
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Evergreen Recyclekaro (India) Limited (Recyclekaro)
Evergreen Recyclekaro (India) Limited is the primary company behind Recyclekaro. The boards of the 2 registered companies of Recyclekaro currently have 6 directors; the longest-serving is Rajesh Ramloutan Gupta, appointed in 2010. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rajesh Ramloutan Gupta DIN 03141855 | Managing Director | 20 Dec 2010 | 15 yrs 10 mo | Evergreen Recyclekaro (India) Limited, Evergreen Lithium Recycling Private Limited |
| Rupesh Chitte Dattu DIN 06803862 | Director | 15 Jun 2014 | 12 yrs 4 mo | Evergreen Recyclekaro (India) Limited |
| Anuradda Ganesh DIN 10568820 | Additional Director | 11 Jun 2025 | 1 yr 4 mo | Evergreen Recyclekaro (India) Limited |
| Venugopal Prasad Rao DIN 06628017 | Additional Director | 01 Oct 2025 | 1 yr | Evergreen Recyclekaro (India) Limited |
| Rajiv Bhupendra Sanghvi DIN 01907103 | Additional Director | 04 Nov 2025 | 11 mo | Evergreen Recyclekaro (India) Limited, Evergreen Lithium Recycling Private Limited |
| Sanjay Kumar Lalit DIN 01598994 | Additional Director | 07 Nov 2025 | 11 mo | Evergreen Recyclekaro (India) Limited |
People of Recyclekaro
2 people are tracked at Recyclekaro (2 in leadership).
| Name | Role | Group |
|---|---|---|
| Founder & Managing Director | Leadership | |
Prassann Daphal | CEO | Leadership |
Complete people profiles for Recyclekaro
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of Recyclekaro
Figures of Evergreen Recyclekaro (India) Limited, the primary company behind Recyclekaro, for FY 2025. Revenue was ₹185 Cr (+75% year on year). Net profit was ₹22.28 Cr (10% margin). EBITDA was ₹37.78 Cr (17% margin).
- ₹185 CrRevenue · FY 2025 · +75% YoY
- ₹22.28 CrNet profit · 10% margin
- ₹37.78 CrEBITDA · 17% margin
- ₹1.5 LakhPaid-up capital
- 48Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Evergreen Recyclekaro (India) Limited are on its company page.
Detailed financial statements for Recyclekaro
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Recyclekaro
4 dated milestones of Recyclekaro across 16 years, from founding to its latest funding, stage changes and deals.
- Founded Recyclekaro is founded.
- Funding First funding round of $84K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $3.9M.
Competitors of Recyclekaro
Recyclekaro has 2 listed competitors in our database, 2 of them funded. They include Lohum and Metastable Materials.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| lohum.com | 2018 | Noida, India | $115.92M | 286 | Recycles lithium-ion batteries and repurposes battery raw materials through low-carbon refining | |
| metastable.in | 2021 | Bengaluru, India | $2.79M | 21 | End-to-end lithium-ion battery recycling services are provided. |
Detailed competitors of Recyclekaro
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Verified entity values are shown only after access is granted.
Web traffic of Recyclekaro
The website of Recyclekaro (recyclekaro.com) receives about 8.9K visits a month.
- Monthly visits8.9K
▲ 80.4% vs previous month
Websites whose visitors overlap most with Recyclekaro. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| facebook.com | 100% | 12.1B | #3 | View details | |
| google.co.in | 100% | 77M | #407 | View details | |
| gogreenrecycling.in | 83% | View details | |||
| spasrecycling.com | 81% | 1.6K | #9,209,202 | View details |
Top companies in Waste & Water Management Systems
3 companies that operate in the same segment as Recyclekaro (Waste & Water Management Systems) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
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 | |
Provider of smart water purifier rental and maintenance services | 2016 | Bengaluru, Karnataka, India | USD 19.29 M | USD 3.62 M | ||
Tech-based solid waste management and recycling solutions are provided. | 2008 | Noida, Uttar Pradesh, India | USD 31.1 M | USD 52.13 M | 106 |
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Related news about Recyclekaro
Complete news archive for Recyclekaro
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Frequently Asked Questions about Recyclekaro
Recyclekaro was founded in 2010 and raised its 1st funding round 10 years after it was founded.
Recyclekaro is headquartered in Navi Mumbai, India. It is registered at Navi Mumbai, Maharashtra, India.
Prassann Daphal is the CEO of Recyclekaro, as recorded in our data.
Recyclekaro is a funded company, having raised a total of $16.8M across 8 funding rounds to date. The company's 1st funding round was a Angel Round of $84.37K, raised on Jan 2020.
The primary company behind Recyclekaro, Evergreen Recyclekaro (India) Limited, reported revenue of ₹185 Cr for FY 2025, up 75% year on year.
Provider of ewaste and battery recycling services. It manages a circular-economy value chain by collecting, recycling, and extracting critical raw materialssuch as lithium, cobalt, nickel, manganese, and precious metals from electronic and battery waste. It also provides facility-based recycling services, capacity expansions, and recovery processes achieving over 95 percent efficiency and 99.5 percent material purity. It supports integrated waste management, including collection networks, waste-to-wealth conversion, residential and corporate e-waste programs, and fostering awareness around sustainability within communities.
Recyclekaro's top competitors include Lohum and Metastable Materials.
Recyclekaro offers E-waste Recycling Service, Battery Recycling Service, and EPR Management Service.
Recyclekaro has 62 investors. Key investors include AIG, Ascent Capital, J M Global Equities, Vanshika Chemicals, and Ceramet Consultants.
The valuation of Recyclekaro is $43.59M as of Mar 2022.
Recyclekaro is associated with 2 legal entities: Evergreen Recyclekaro (India) Limited, Evergreen Lithium Recycling Private Limited.
The legal entities of Recyclekaro currently have 7 directors, including Rajesh Ramloutan Gupta, Anuradda Ganesh, Rupesh Chitte Dattu and others.