About Srichakra Polyplast
Srichakra Polyplast is a company based in Hyderabad (India) founded in 2010 by Srinivas Chakravarthy, Chandra Sekhar Reddy, Ravindra Venkata Paruchuri, and Rajasekhar Yarlagadda.. Srichakra Polyplast has raised $12.08 million across 6 funding rounds from investors including Circulate Capital, Prudhvi Chandra Simhadri and VJ Metcraft. The company has 152 employees as of September 11, 2024. Srichakra Polyplast offers products and services including Recycling Equipment and EPR Services. Srichakra Polyplast operates in a competitive market with competitors including Dalmia Polypro Industries, Banyan Nation, APK, Jeplan and Loop Industries, among others.
- Headquarter Hyderabad, India
- Employees 152 as on 11 Sep, 2024
- Founders Srinivas Chakravarthy, Chandra Sekhar Reddy, Ravindra Venkata Paruchuri, Rajasekhar Yarlagadda
- Stage Minicorn
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Sectors
Environment
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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 Srichakra Polyplast (India) Private Limited
- Date of Incorporation 06 Aug, 2010
- Jurisdiction Hyderabad, Telangana, India
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Annual Revenue
$13.08 M (USD)310.57as on Mar 31, 2023
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Net Profit
$480.46 K (USD)138.16as on Mar 31, 2023
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EBITDA
$953.35 K (USD)218.38as on Mar 31, 2023
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Total Equity Funding
$12.08 M (USD)
in 6 rounds
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Latest Funding Round
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Investors
Circulate Capital
& 57 more
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Employee Count
152
as on Sep 11, 2024
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Products & Services of Srichakra Polyplast
Srichakra Polyplast offers a comprehensive portfolio of products and services, including Recycling Equipment and EPR Services. 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.
Machinery for processing and recycling plastic waste efficiently.
Assists in extended producer responsibility for waste compliance.
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Funding Insights of Srichakra Polyplast
Srichakra Polyplast has successfully raised a total of $12.08M across 6 strategic funding rounds. 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 6
- Last Round Last Round
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First Round
First Round
(18 Apr 2019)
- Investors Count 58
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2025 | Amount | Series A - Srichakra Polyplast | Valuation |
investors |
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| Nov, 2024 | Amount | Series A - Srichakra Polyplast | Valuation | Prudhvi Chandra Simhadri | |
| Sep, 2022 | Amount | Series A - Srichakra Polyplast | Valuation | Circulate Capital |
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| 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 Srichakra Polyplast
Srichakra Polyplast has secured backing from 58 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Circulate Capital, Prudhvi Chandra Simhadri and VJ Metcraft. 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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Founded Year | Domain | Location | |
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Infrastructure investments are directed toward multiple sectors by this fund.
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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 Srichakra Polyplast
| 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 - Srichakra Polyplast
| 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 |
Srichakra Polyplast Comparisons
Competitors of Srichakra Polyplast
Srichakra Polyplast 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 Dalmia Polypro Industries, Banyan Nation, APK, Jeplan and Loop Industries, 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 |
Provider of recycled plastic flakes and granules from post-consumer waste. It sources waste from various points in the supply chain, including waste pickers and municipalities. The company processes this waste to produce high-quality recycled PET and polyolefin products for use in various industries, including fashion, consumer packaging, and material handling. It also assists companies in meeting their extended producer responsibility (EPR) obligations. The process aims to maximize the value of collected plastic waste and promote a circular economy.
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| domain | founded_year | HQ Location |
Post-consumer and industrial plastics are recycled into comparable granules.
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| domain | founded_year | HQ Location |
Provider of plastic recycling solutions
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| domain | founded_year | HQ Location |
Waste plastic is processed into recyclable materials via advanced technology.
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| domain | founded_year | HQ Location |
Producer of waste polyethylene terephthalate (PET) plastics and polyester fibers
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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 Srichakra Polyplast
Frequently Asked Questions about Srichakra Polyplast
When was Srichakra Polyplast founded?
Srichakra Polyplast was founded in 2010 and raised its 1st funding round 9 years after it was founded.
Where is Srichakra Polyplast located?
Srichakra Polyplast is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Who is the current CEO of Srichakra Polyplast?
Ravindra Venkata Paruchuri is the current CEO of Srichakra Polyplast. They have also founded this company.
Is Srichakra Polyplast a funded company?
Srichakra Polyplast is a funded company, having raised a total of $12.08M across 6 funding rounds to date. The company's 1st funding round was a Series A of $2.55M, raised on Apr 18, 2019.
How many employees does Srichakra Polyplast have?
As of Sep 11, 2024, the latest employee count at Srichakra Polyplast is 152.
What is the annual revenue of Srichakra Polyplast?
Annual revenue of Srichakra Polyplast is $13.08M as on Mar 31, 2023.
What does Srichakra Polyplast do?
Founded in 2010 in Hyderabad, India, operations in the plastic recycling sector are conducted. End-to-end recycling and waste management solutions are offered, including the development of plastic bottles from waste plastic bottles. rPET flakes, rPET SSP granules, and polyolefin odorless granules are manufactured from waste plastic. Services focus on sustainable processing and material recovery in the region.
Who are the top competitors of Srichakra Polyplast?
Srichakra Polyplast's top competitors include APK, Plastic Energy and Banyan Nation.
What products or services does Srichakra Polyplast offer?
Srichakra Polyplast offers Recycling Equipment and EPR Services.
Who are Srichakra Polyplast's investors?
Srichakra Polyplast has 58 investors. Key investors include Circulate Capital, Prudhvi Chandra Simhadri, VJ Metcraft, Laanso Equity Investment, and Nagendra Ammineni.
What is Srichakra Polyplast's valuation?
The valuation of Srichakra Polyplast is $74.78M as of Nov 2024.