Indian waste management firms set to receive Rs 300 cr financing
WATER & WASTE

Indian waste management firms set to receive Rs 300 cr financing

Singapore-based management company, Circulate Capital (CC) which is engaged in Asian recycling operations, has lined up Rs 300 crore for the Indian waste management and recycling industry. Four Indian companies will see investments for the use of high-end technology to improve waste management, and recycling value chain, Circulate Capital said.

The investors of Circulate Capital’s founding include PepsiCo, Procter & Gamble, Dow, Danone, CHANEL, Unilever, The Coca-Cola Company, and Chevron Phillips Chemical Company LLC.

According to CEO Rob Kaplan, during the peak time of the pandemic, 80% of the recycling companies were not operational. He has mentioned that across South and Southeast Asia there is a 50% drop in demand for recycled plastic. The pandemic has increased the demand for plastic, and most of it cannot be recycled, thus increasing wastage.

The Indian companies receiving the funding are Hyderabad-based Srichakra Polyplast, Recykal (Rapidue Technologies), Ankleshwar-based Ricron (Deeya Panel Products), and Mumbai-based Dalmia Polypro Industries.

According to a National Geographic report, nearly 6.3 billion tonnes of plastic waste has been created across the world since 1950 and 91% hasn't been recycled yet.

Dalmia and Srichakra will be working in scaling upcycling, from waste to value. Ricron will join them to develop good quality eco-friendly materials for building applications.

Lucro will try to manufacture recycled packaging products. Whereas, Recykal, which is India's first “waste-commerce” company, will work on balancing the digitalization. India’s largest collector and processor of dry waste, Nepra, will work towards transforming traditional waste management models.

Circulate Capital believes that these six companies could prevent nearly 5 million metric tonnes of plastic pollution from entering the environment by 2030. This is equivalent to half the amount of plastic India generates in a year.

Singapore-based management company, Circulate Capital (CC) which is engaged in Asian recycling operations, has lined up Rs 300 crore for the Indian waste management and recycling industry. Four Indian companies will see investments for the use of high-end technology to improve waste management, and recycling value chain, Circulate Capital said.The investors of Circulate Capital’s founding include PepsiCo, Procter & Gamble, Dow, Danone, CHANEL, Unilever, The Coca-Cola Company, and Chevron Phillips Chemical Company LLC. According to CEO Rob Kaplan, during the peak time of the pandemic, 80% of the recycling companies were not operational. He has mentioned that across South and Southeast Asia there is a 50% drop in demand for recycled plastic. The pandemic has increased the demand for plastic, and most of it cannot be recycled, thus increasing wastage. The Indian companies receiving the funding are Hyderabad-based Srichakra Polyplast, Recykal (Rapidue Technologies), Ankleshwar-based Ricron (Deeya Panel Products), and Mumbai-based Dalmia Polypro Industries. According to a National Geographic report, nearly 6.3 billion tonnes of plastic waste has been created across the world since 1950 and 91% hasn't been recycled yet. Dalmia and Srichakra will be working in scaling upcycling, from waste to value. Ricron will join them to develop good quality eco-friendly materials for building applications. Lucro will try to manufacture recycled packaging products. Whereas, Recykal, which is India's first “waste-commerce” company, will work on balancing the digitalization. India’s largest collector and processor of dry waste, Nepra, will work towards transforming traditional waste management models. Circulate Capital believes that these six companies could prevent nearly 5 million metric tonnes of plastic pollution from entering the environment by 2030. This is equivalent to half the amount of plastic India generates in a year.

Next Story
Infrastructure Transport

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

Next Story
Resources

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Next Story
Real Estate

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?