About recycleX
recycleX is a Real Estate & Construction company based in Bharuch (India) founded in 2020 by Abhishek Chhazed and Vedant Gandhi. Eco-friendly building materials are produced from recycled waste. It operates in the Real Estate & Construction and Environment sectors. recycleX has raised $118.93 thousand across 1 funding round from investors including Social Alpha. The company has 1 employees. Its Indian entity Recyclex Private Limited reported revenue of ₹39.2 Lakh. recycleX offers products and services including Eco-Concrete, Rex Bricks, and Rex Paver. Its focus areas include Real Estate and Construction Tech, Construction Tech, Building Materials and Advanced Building Materials.
Company details
RecycleX was founded in 2020 in Bharuch, India, focusing on the sustainable construction sector. Bricks and pavers are manufactured by incorporating recycled plastic and industrial waste, serving as alternatives to traditional cement-based products. The eco-concrete option is designed to reduce carbon emissions in building processes. Expansion into additional construction materials is underway, with operations centered on upcycling waste streams for environmental benefits.
- Headquarters Bharuch, India
- Employees 1
- Founders Abhishek Chhazed, Vedant Gandhi
- SectorsReal Estate & ConstructionEnvironment
- Email••••••••
- Phone•••• ••••
- Website recyclex.in
- Social LinkedIn Facebook Instagram
- Legal Name Recyclex Private Limited
- Date of Incorporation 30 Oct, 2020
- Jurisdiction Bharuch, Gujarat, India
- Annual Revenue₹39.2 Lakh
FY 2024 · -2% YoY
- Net Loss-₹12.2 Lakh
FY 2024 · -31% margin
- EBITDA-₹5.5 Lakh
FY 2024 · -14% margin
- Total Equity Funding$118.93K (USD)
in 1 rounds
- Latest Funding Round$118.93K (USD), Seed
Oct 2024
- Investors
- Employee Count1
Associated legal entities of recycleX
recycleX operates through Recyclex Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Recyclex Private Limited CIN U37100GJ2020PTC117850 | Active | 30 Oct 2020 | Bharuch, Gujarat | ₹0.4 Cr | 2 | View details |
Products & Services of recycleX
recycleX offers a comprehensive portfolio of products and services, including Eco-Concrete, Rex Bricks, and Rex Paver.
Material replacing cement with industrial waste to lower carbon footprint.
Bricks made from recycled plastic waste for eco-friendly construction.
Paver blocks from plastic waste for durable, sustainable surfaces.
Funding Insights of recycleX
recycleX has successfully raised a total of $118.93K through 1 strategic funding round. The most recent funding activity was a Seed round of $118.93 thousand completed in October 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 $118,933
- Total Rounds 1
- Last Round Seed — $118,933
- First Round $118,933
(Oct 2024)
- Investors Count 1
All 1 funding rounds of recycleX 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 |
|---|---|---|---|---|---|
| Oct 2024 | $118,933 | Seed | – | Social Alpha | – |
1 investors in total: 1 institutional.
Investors in recycleX
recycleX has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Social Alpha.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Sustainable startups are supported via innovation curation and venture funding. | socialalpha.org | Bengaluru, India |
Investor details for recycleX
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 Recyclex Private Limited (recycleX)
Recyclex Private Limited is the primary company behind recycleX. The board of Recyclex Private Limited currently have 2 directors; the longest-serving is Vedant Vijaybhai Gandhi, appointed in 2020.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vedant Vijaybhai Gandhi DIN 08942238 | Director | 30 Oct 2020 | 5 yrs 11 mo | Recyclex Private Limited |
| Abhishek Jagdish Chhazed DIN 08942239 | Director | 30 Oct 2020 | 5 yrs 11 mo | Recyclex Private Limited |
People of recycleX
2 people are tracked at recycleX (2 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for recycleX
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 recycleX
Figures of Recyclex Private Limited, the primary company behind recycleX, for FY 2024. Revenue was ₹39.2 Lakh (-2% year on year). Net loss was -₹12.2 Lakh (-31% margin). EBITDA was -₹5.5 Lakh (-14% margin). Revenue has grown at a compounded annual rate of +76% over three years.
- ₹39.2 LakhRevenue · FY 2024 · -2% YoY
- -₹12.2 LakhNet loss · -31% margin
- -₹5.5 LakhEBITDA · -14% margin
- ₹1 LakhPaid-up capital
- +76%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Recyclex Private Limited are on its company page.
Detailed financial statements for recycleX
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 recycleX
2 dated milestones of recycleX across 4 years, from founding to its latest funding, stage changes and deals.
- Founded recycleX is founded.
- Funding First funding round of $119K.
Web traffic of recycleX
The website of recycleX (recyclex.in) receives about 1K visits a month.
- Monthly visits1K
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Frequently Asked Questions about recycleX
recycleX was founded in 2020 and raised its 1st funding round 4 years after it was founded.
recycleX is headquartered in Bharuch, India. It is registered at Bharuch, Gujarat, India.
recycleX is a funded company, having raised a total of $118.93K across 1 funding round to date. The company's 1st funding round was a Seed of $118.93K, raised on Oct 2024.
recycleX has 1 employees.
The primary company behind recycleX, Recyclex Private Limited, reported revenue of ₹39.2 Lakh for FY 2024, down 2% year on year.
RecycleX was founded in 2020 in Bharuch, India, focusing on the sustainable construction sector. Bricks and pavers are manufactured by incorporating recycled plastic and industrial waste, serving as alternatives to traditional cement-based products. The eco-concrete option is designed to reduce carbon emissions in building processes. Expansion into additional construction materials is underway, with operations centered on upcycling waste streams for environmental benefits.
recycleX offers Eco-Concrete, Rex Bricks, and Rex Paver.
recycleX has 1 investor. Key investors include Social Alpha.
recycleX operates through Recyclex Private Limited.
The legal entities of recycleX currently have 2 directors, including Vedant Vijaybhai Gandhi, Abhishek Jagdish Chhazed.