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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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
Unlock access to complete
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.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Series A — $13.2M
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First Round
First Round
(01 Jun 2016)
- Investors Count 29
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Series A - Recykal | Valuation |
investors |
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| Sep, 2022 | Amount | Series A - Recykal | Valuation | Morgan Stanley |
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| Jan, 2022 | Amount | Series A - Recykal | Valuation | Morgan Stanley , Circulate Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment management focused on circular economy and plastic supply chains in high-growth markets.
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Founded Year | Domain | Location | |
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Private equity firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Venture capital investments in B2B tech-enabled businesses at early growth stages.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Recykal
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Recykal
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Recykal Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Recyclables are traded through an app-based online marketplace.
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| domain | founded_year | HQ Location |
Waste generators and hauliers are connected via a software application.
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| domain | founded_year | HQ Location |
Waste management and consulting services are provided to clients.
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| domain | founded_year | HQ Location |
IoT-based platform for tracking and managing waste activities is offered.
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| domain | founded_year | HQ Location |
Provides an online platform for waste removal services.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Recykal
Frequently Asked Questions about Recykal
When was Recykal founded?
Recykal was founded in 2016.
Where is Recykal located?
Recykal is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Who is the current CEO of Recykal?
Abhay Deshpande is the current CEO of Recykal. They have also founded this company.
Is Recykal a funded company?
Recykal is a funded company, having raised a total of $40.89M across 7 funding rounds to date. The company's 1st funding round was a Series A of $13.2M, raised on Jun 01, 2016.
How many employees does Recykal have?
As of Apr 05, 2024, the latest employee count at Recykal is 258.
What is the annual revenue of Recykal?
Annual revenue of Recykal is $23.08M as on Mar 31, 2022.
What does Recykal do?
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.
Who are the top competitors of Recykal?
Recykal's top competitors include Trashin, Gringgo and Citizengage.
What products or services does Recykal offer?
Recykal offers EPR Loop, E-Waste Disposal Platform, and Recykal8.
Who are Recykal's investors?
Recykal has 29 investors. Key investors include Morgan Stanley, 360 One, Bank of Singapore, Triton Investment Advisors, and Circulate Capital.
What is Recykal's valuation?
The valuation of Recykal is $142.34M as of Feb 2024.