Climate-tech startup Recykal has raised $18 million in fresh funding, taking its valuation to $280 million as investor appetite for circular economy businesses continues to grow.
India's waste problem has long been viewed as a challenge. Recykal is betting it can also be a business opportunity.
The Hyderabad-based climate-tech startup has raised $18 million in fresh funding, pushing its valuation to around $280 million. The round saw participation from several investors and further strengthens confidence in Recykal's vision of building technology infrastructure for the circular economy.
Founded in 2016, Recykal operates a digital platform that connects brands, waste generators, recyclers, producers and regulators. Its technology helps businesses track waste, comply with environmental regulations and bring more transparency to a sector that has historically been fragmented and informal.
The latest capital injection comes at a time when sustainability is no longer just a buzzword. With stricter rules around plastic waste, battery recycling and extended producer responsibility, companies are increasingly looking for technology partners that can help them navigate compliance while improving efficiency.
Recykal has quietly positioned itself at the center of that shift. Over the years, the startup has expanded beyond waste collection and built a broader ecosystem around circular economy solutions.
The fresh funding is expected to support working capital needs and strategic investments as the company looks to strengthen its platform and deepen its presence across multiple waste streams.
As climate-tech gains momentum in India, Recykal's latest raise signals that investors are increasingly willing to back businesses that combine sustainability with scalable economics.
For Recykal, the opportunity isn't just about managing waste. It's about proving that solving environmental problems can also create enduring businesses.
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Startup Unplugged
