Hyderabad firm to transform waste management
These challenges include mismatch between buyers and sellers of plastic waste, as well as a lack of transparency.
Share Via Email
| A+A A- By Express News Service
HYDERABAD: Hyderabad-based Rapidue Technologies (Recykal) is a digital solutions waste-commerce company that connects all stakeholders across the value chain to solve the challenges faced by the industry. Underpinned by strong entrepreneurial experience in developing digital businesses, it recognised that some of the most pressing challenges faced by the waste management and recycling industry in India could be solved through digital technology.
These challenges include mismatch between buyers and sellers of plastic waste, as well as a lack of transparency. Circulate Capital, a Singapore-based investment management company said that the Circulate Capital’s Ocean Fund (CCOF) has made a strategic investment into Recykal.
streetAsia s premium subscription service Unlock your competitive advantage in a rapidly evolving landscape. Our packages come with exclusive access to archive content, data, discount on summit tickets & more. Be a part of our growing community now. SUBSCRIBE NOW
Singapore Reporter/s
In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digi
Circulate Capital invests to scale India s circular economy for plastic waste daijiworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from daijiworld.com Daily Mail and Mail on Sunday newspapers.
Circulate Capital
Circulate Capital Invests to Scale India s Circular Economy for Plastic Waste - Offers Powerful Blueprint to Build Back Stronger ANI | Updated: Dec 10, 2020 13:15 IST
Mumbai (Maharashtra) [India], December 10 (ANI/BusinessWire India): Circulate Capital, the Singapore-based investment management company focused on preventing plastic from leaking into the ocean and advancing the circular economy, today announced that the Circulate Capital Ocean Fund (CCOF) has committed to invest USD 19 million in four leading companies that are using technology and innovation to scale and transform India s waste management and recycling value chain. Established in partnership with PepsiCo, Procter & Gamble, Dow, Danone, Chanel, Unilever, The Coca-Cola Company, and Chevron Phillips Chemical, CCOF is the world s first investment fund dedicated to combat ocean plastic in South and Southeast Asia.
You re reading Entrepreneur India, an international franchise of Entrepreneur Media.
Singapore-based investment management firm Circulate Capital on Thursday announced that its Circulate Capital’s Ocean Fund (CCOF) has made a strategic investment in Recykal, a digital solutions waste-commerce company.
This funding is part of Circulate Capital’s commitment to invest half of its $106 million fund in India to transform the country’s waste management and recycling industry. The funding will enable Recykal to expand the network of Recykal Points to over 100 locations in tier I and II cities pan-India.
Recykal is an end-to-end digital solutions provider, facilitating transactions for all stakeholders across India’s waste management and recycling value chain. Its integrated approach connects waste generators, processors, recyclers to solve demand-supply mismatch, lack of transparency, source segregation and others.