Founded in 2016 and headquartered in Hyderabad, Recykal operates a technology-driven platform that helps businesses comply with extended producer responsibility (EPR) regulations, manage e-waste and recyclables, track waste movement, and access circular-economy services. The company has been deploying solutions such as Deposit Return Systems (DRS) and behavioural-change programs and is pursuing international expansion. Recent financings — including a $23 million bridge round and a Rs 166 crore Series D — are being directed toward platform strengthening, scaling DRS deployments, expanding behavioural-change offerings, and supporting global growth and strategic investments. In FY26 Recykal reported gross revenue of Rs 1,498 crore, a 53.2% increase from Rs 978 crore the prior year, while losses widened marginally to Rs 60 crore from Rs 56 crore. Co-founder and CEO Abhay Raosaheb Deshpande remains the largest shareholder with a 23.11% stake following the Series D allocation.

Total raised

$59M

Funding rounds

5

Latest round

Series B

Latest activity

Apr 2024