Recykal Raises $22 Million Funding From Morgan Stanley, Existing Investors

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The company works with several of the world’s largest consumer brands to assist them in implementing sustainability solutions in India and has also launched India’s first B2B marketplace for waste that connects participants across the waste value chain. This will enable the circular economy and help corporate India in achieving its sustainability goals, the company said. "With a passionate team and cutting-edge end-to-end digital solutions, the company is making a real difference to advancing the circular economy in India. "India generates more than 60 million tonnes of municipal solid waste per annum, while a mere c.20% is processed or recycled, the company said... So far, Recykal has channelized 200,000 tonnes of dry waste through its platform back into the circular economy and away from landfills and water bodies by digitally connecting 100+ brands, 1000+ corporates, 150+ recyclers, 80+ Government agencies across all states and UT’s on one platform," the company said.