An ‘ocean fund’ aims to scale up circular economy
Circulate Capital has invested in Nepra, which has been working with waste pickers and collectors of dry waste in Ahmedabad, Pune and Indore.
(Photo: Let’s recycle)
From collection and sorting to recycling, Circulate Capital wants to broaden interventions across the waste chain
Despite the slow-moving wheels of regulation, the idea of creating value from waste has caught the interest of entrepreneurs
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From discarded debit cards to packaging material,plastic waste is choking up our streets and oceans. Covid-19 and lockdowns made it worse as throwaways increased while collections got disrupted.
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Exclusive: Singapore s Circulate Cap lines up Rs 300 crore investment in Indian waste management firms
The infusion will help plug gaps in India’s waste management ecosystem and prevent 5 mln metric tonnes of plastic pollution from entering the environment by 2030. December 10, 2020 / 09:29 AM IST
Circulate Capital, a Singapore-based management company involved in Asian recycling operations, has dedicated Rs 300 crore for India’s waste management and recycling industry.
The investment will be offered to four Indian companies using high-end technology to improve waste management and recycling value chain, Circulate Capital CEO Rob Kaplan told MoneyControl.
The investment was meant to help Indian companies which routinely need investment for recycling critical waste, Kaplan said. “There is no magic tool in handling waste, there is no silver bullet. Companies need sustained investment to manage this insurmountable problem in South Asia and Southeast Asia.”