About Ricron Panels
Ricron Panels is a company based in Ankleshwar (India) founded in 2013 by Radhika Chaudhary. Ricron Panels has raised $1.67 million across 2 funding rounds from investors including Boon, Veromint and Circulate Capital. The company has 41 employees as of April 06, 2024. Ricron Panels offers products and services including Eco Panels, Eco-Roof Sheets, and Plain Panels. Ricron Panels operates in a competitive market with competitors including ECOR Global, Enerdrape, ZS2 Technologies, RECOMA and Continuus Material Recovery, among others.
- Headquarter Ankleshwar, India
- Employees 41 as on 06 Apr, 2024
- Founders Radhika Chaudhary
- Stage Minicorn
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Sectors
Real Estate & ConstructionEnvironment
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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 Ricron Panels Private Limited
- Date of Incorporation 03 Jun, 2009
- Jurisdiction Jalgaon, Maharashtra, India
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Annual Revenue
$818 K (USD)-15.01as on Mar 31, 2023
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Net Profit
-$541.49 K (USD)-1496.02as on Mar 31, 2023
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EBITDA
-$283.76 K (USD)-280.69as on Mar 31, 2023
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Total Equity Funding
$1.67 M (USD)
in 2 rounds
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Latest Funding Round
$659.67 K (USD), Series A
May 18, 2024
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Investors
Boon
& 8 more
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Employee Count
41
as on Apr 06, 2024
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Products & Services of Ricron Panels
Ricron Panels offers a comprehensive portfolio of products and services, including Eco Panels, Eco-Roof Sheets, and Plain Panels.
Panels made from recycled plastic for industrial applications.
Sheets from recycled plastic for roofing and construction.
Cost-effective substitute for plywood using recycled materials.
People of Ricron Panels
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Funding Insights of Ricron Panels
Ricron Panels has successfully raised a total of $1.67M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $659.67 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 Total Funding
- Total Rounds 2
- Last Round Series A — $659,665
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First Round
First Round
(01 Dec 2020)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2024 | Amount | Series A - Ricron Panels | Valuation | Boon | |
| Dec, 2020 | Amount | Seed - Ricron Panels | Valuation | Circulate Capital |
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Investors in Ricron Panels
Ricron Panels has secured backing from 9 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Boon, Veromint and Circulate Capital.
| 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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Boon is engaged in water purification and AI-driven water technology solutions.
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Founded Year | Domain | Location | |
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Investment banking and advisory services for early and growth stage ventures.
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Founded Year | Domain | Location |
Investments & Acquisitions by Ricron Panels
Financial Statements - Ricron Panels
Ricron Panels Comparisons
Competitors of Ricron Panels
Ricron Panels 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 ECOR Global, Enerdrape, ZS2 Technologies, RECOMA and Continuus Material Recovery, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Sustainable building materials are developed from recycled cellulose fibers.
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| domain | founded_year | HQ Location |
Geothermal panel technology is developed for renewable heating and cooling.
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| domain | founded_year | HQ Location |
Low-carbon building materials and prefabricated panels are manufactured.
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| domain | founded_year | HQ Location |
Sustainable construction boards from recycled materials are provided.
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| domain | founded_year | HQ Location |
Provider of paper and plastic recycling services
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Frequently Asked Questions about Ricron Panels
Ricron Panels was founded in 2013 and raised its 1st funding round 7 years after it was founded.
Ricron Panels is headquartered in Ankleshwar, India. It is registered at Ankleshwar, Gujarat, India.
Ricron Panels is a funded company, having raised a total of $1.67M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.01M, raised on Dec 01, 2020.
As of Apr 06, 2024, the latest employee count at Ricron Panels is 41.
Annual revenue of Ricron Panels is $818K as on Mar 31, 2023.
Ricron Panels was founded in 2013 in Ankleshwar, India, within the construction materials sector. Brick pallets, regenerated plastic sheets, and regenerated plastic sheet pallets are produced as part of its portfolio. Orders for these materials are facilitated through provision of location, user details, and related information, supporting building and infrastructure needs in the region.
Ricron Panels's top competitors include ECOR Global, ZS2 Technologies and RECOMA.
Ricron Panels offers Eco Panels, Eco-Roof Sheets, and Plain Panels.
Ricron Panels has 9 investors. Key investors include Boon, Veromint, Circulate Capital, Venkatesh Srinivasan, and Kaushik Rajan.
The valuation of Ricron Panels is $3.91M as of May 2024.