Waste Management Startup Recykal Secures $23 Million Funding, Eyes Global Expansion and Tech Growth

Waste management startup Recykal has secured $23 million (approximately ₹217 crore) in a bridge funding round to accelerate its global expansion, strengthen its technology platform, and scale sustainable waste management solutions. The funding includes a mix of primary and secondary transactions backed by existing investors and family offices.

The latest capital infusion comes as Recykal continues to strengthen its position in the circular economy and recycling ecosystem, helping businesses manage plastic waste, e-waste, and recyclable materials through technology-driven solutions.

Funding Details

Recykal raised $17.6 million (₹166 crore) through primary funding, while $5.4 million (₹51 crore) came through secondary transactions.

The company plans to utilize the fresh capital for expanding its technology capabilities, supporting international growth initiatives, making strategic investments, and accelerating deployment of its Deposit Return System (DRS) solutions.

Funding Snapshot

Particulars	Details
Startup	Recykal
Sector	Waste Management & Recycling
Funding Amount	$23 Million
INR Equivalent	₹217 Crore
Primary Capital	$17.6 Million
Secondary Transactions	$5.4 Million
Funding Type	Bridge Round
Founded	2016

What Does Recykal Do?

Recykal is a technology-driven waste management platform that enables businesses to manage, track, and recycle waste efficiently.

The company operates through:

• B2B recyclable material marketplace
• Plastic waste management solutions
• E-waste tracking systems
• Sustainability compliance platforms
• Circular economy solutions
• Deposit Return System (DRS) infrastructure

Its platform connects waste generators, recyclers, producers, and compliance stakeholders within a digital ecosystem.

Business Model

Segment	Solution
Marketplace	Recyclable Material Trading
SaaS Platform	Waste Tracking & Compliance
Plastic Waste	Recycling Management
E-Waste	Traceability Solutions
Sustainability	ESG & Compliance Support
DRS Solutions	Circular Economy Infrastructure

Focus on Global Expansion

The fresh funding will support Recykal's ambitions to expand beyond India and strengthen its international footprint.

As governments and corporations globally increase their focus on sustainability and waste reduction, demand for technology-driven recycling solutions continues to grow.

Expansion Priorities

Growth Area	Objective
Global Markets	International Expansion
Technology Stack	Platform Enhancement
Strategic Investments	Ecosystem Growth
DRS Deployment	Circular Economy Adoption
Sustainability Solutions	Enterprise Expansion

Driving the Circular Economy

Recykal has emerged as one of India's leading climate-tech startups working toward building a circular economy.

The company's technology enables organizations to track waste generation, recycling, compliance obligations, and sustainability goals through a centralized digital platform.

Key Industry Trends Supporting Growth

Trend	Impact
Sustainability Regulations	Higher Demand
E-Waste Growth	Recycling Opportunities
Plastic Waste Management	Compliance Need
ESG Adoption	Enterprise Demand
Circular Economy Focus	Long-Term Growth
Climate Tech Investments	Industry Expansion

Strengthening Technology Capabilities

A significant portion of the capital will be invested in improving Recykal's technology infrastructure.

The company aims to strengthen:

• Data intelligence systems
• Waste traceability solutions
• SaaS offerings
• Compliance automation
• Marketplace efficiency
• Sustainability analytics

This is expected to improve transparency and efficiency across the recycling value chain.

Company Overview

Founded in 2016, Recykal operates at the intersection of Climate Tech, Clean Tech, Waste Management, and Sustainability Solutions.

The startup has built a comprehensive ecosystem that helps enterprises manage waste responsibly while meeting regulatory requirements.

Company Snapshot

Particulars	Details
Company	Recykal
Founded	2016
Industry	Waste Management
Category	Climate Tech
Business Model	B2B Marketplace & SaaS
Focus Areas	Plastic Waste, E-Waste, Recycling
Funding Raised	$23 Million
Expansion Focus	Global Markets

Key Highlights

• Recykal raises $23 million bridge funding
• Funding includes $17.6 million primary capital
• Additional $5.4 million through secondary transactions
• Plans global expansion and technology enhancement
• Focus on waste management and recycling solutions
• Operates B2B marketplace for recyclable materials
• Provides plastic and e-waste compliance solutions
• Expanding Deposit Return System (DRS) deployment
• Strengthening circular economy infrastructure

Conclusion

Recykal's $23 million funding round highlights growing investor confidence in climate-tech and sustainability-focused startups. With increasing regulatory focus on recycling, waste management, and circular economy practices worldwide, the company is well-positioned to capitalize on global opportunities. The fresh capital will enable Recykal to strengthen its technology stack, expand internationally, and further accelerate the adoption of sustainable waste management solutions.

How much funding has Recykal raised?

Recykal has raised $23 million (approximately ₹217 crore) in a bridge funding round.

How will Recykal use the funds?

The company will use the funds for technology development, global expansion, strategic investments, and DRS solution deployment.

What does Recykal do?

Recykal operates a B2B marketplace for recyclable materials and provides SaaS-based waste management, plastic recycling, and e-waste compliance solutions.

When was Recykal founded?

Recykal was founded in 2016.

What industries does Recykal serve?

The company serves businesses involved in waste management, recycling, sustainability, ESG compliance, and circular economy initiatives.