About Recykal
Recykal is a company based in Hyderabad (India) founded in 2016 by Sujan Parthasaradhi, Vikram Prabakar, Ekta Narain, Abhay Deshpande Raosaheb, Anirudha Jalan, Abhishek Deshpande, and Abhay Deshpande. Recykal has raised $40.89 million across 7 funding rounds from investors including Morgan Stanley, 360 One and Bank of Singapore. The company has 258 employees as of April 05, 2024. Recykal offers products and services including EPR Loop, E-Waste Disposal Platform, and Recykal8. Recykal operates in a competitive market with competitors including Trashin, Gringgo, Aterra, Citizengage and ViaGreen, among others.
- Headquarter Hyderabad, India
- Employees 258 as on 05 Apr, 2024
- Founders Sujan Parthasaradhi, Vikram Prabakar, Ekta Narain, Abhay Deshpande Raosaheb, Anirudha Jalan, Abhishek Deshpande, Abhay Deshpande
- Stage Minicorn
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Sectors
EnvironmentTechnology
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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 Rapidue Technologies Private Limited
- Date of Incorporation 26 Nov, 2015
- Jurisdiction Hyderabad, Telangana, India
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Annual Revenue
$23.08 M (USD)0as on Mar 31, 2022
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Net Profit
$153.02 K (USD)0as on Mar 31, 2022
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EBITDA
$248.75 K (USD)0as on Mar 31, 2022
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Total Equity Funding
$40.89 M (USD)
in 7 rounds
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Latest Funding Round
$13.22 M (USD), Series A
Feb 26, 2024
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Investors
Morgan Stanley
& 28 more
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Employee Count
258
as on Apr 05, 2024
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Products & Services of Recykal
Recykal offers a comprehensive portfolio of products and services, including EPR Loop, E-Waste Disposal Platform, and Recykal8.
Platform for fulfilling EPR targets with transparency and traceability
Secure platform for compliant E-Waste disposal and IT asset bidding
Tool for buying sustainably sourced recycled materials
People of Recykal
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Funding Insights of Recykal
Recykal has successfully raised a total of $40.89M across 7 strategic funding rounds. The most recent funding activity was a Series A round of $13.22 million completed in February 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 Recykal
Recykal has secured backing from 29 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Morgan Stanley, 360 One and Bank of Singapore.
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Investment management focused on circular economy and plastic supply chains in high-growth markets.
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Private equity firm focused on multiple sectors
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Venture capital investments in B2B tech-enabled businesses at early growth stages.
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Investor details for Recykal
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Investments & Acquisitions by Recykal
Investment portfolio details for Recykal
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Financial Statements - Recykal
Detailed financials for Recykal
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Recykal Comparisons
Peer comparison for Recykal
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Competitors of Recykal
Recykal 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 Trashin, Gringgo, Aterra, Citizengage and ViaGreen, among others.
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Recyclables are traded through an app-based online marketplace.
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Waste generators and hauliers are connected via a software application.
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Waste management and consulting services are provided to clients.
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IoT-based platform for tracking and managing waste activities is offered.
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Provides an online platform for waste removal services.
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Detailed competitors of Recykal
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Latest news on Recykal
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Frequently Asked Questions about Recykal
Recykal was founded in 2016.
Recykal is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Abhay Deshpande is the current CEO of Recykal. They have also founded this company.
Recykal is a funded company, having raised a total of $40.89M across 7 funding rounds to date.
As of Apr 05, 2024, the latest employee count at Recykal is 258.
Annual revenue of Recykal is $23.08M as on Mar 31, 2022.
Provider of digital solutions for sustainable waste management. It offers a marketplace connecting buyers and sellers of recyclables, facilitating efficient and traceable waste disposal. The company provides technology-driven solutions for Extended Producer Responsibility (EPR) compliance, e-waste disposal, and industrial waste tracking. It also develops digital deposit refund systems and digitizes waste management centers, improving efficiency and transparency throughout the recycling process. Solutions are offered to corporations, government agencies, educational institutions, and recyclers.
Recykal's top competitors include Trashin, Gringgo and Citizengage.
Recykal offers EPR Loop, E-Waste Disposal Platform, and Recykal8.
Recykal has 29 investors. Key investors include Morgan Stanley, 360 One, Bank of Singapore, Triton Investment Advisors, and Circulate Capital.
The valuation of Recykal is $142.34M as of Feb 2024.