Mumbai, India – December 24, 2024— The premier clean-tech resource recovery group, ReCircle, has published its FY 2023–2024 Impact Report, highlighting significant advancements in resource management and sustainability. The study emphasizes ClimaOne’s development, strategic alliances with more than 60 brands, and a noteworthy 200% year-over-year increase in waste recovery, which amounts to 57,457.80 metric tonnes, or 35% of the total waste processed by the company to date.
ReCircle’s dedication to digitalization, circularity, and community empowerment further highlights its efforts and shows how far it has come in building a sustainable future for people and the environment.
“We increased our waste recovery by a staggering 200% in 2023-2024, showcasing the effectiveness of our pan-India initiatives and strategic partnerships,” said Rahul Nainani, CEO & Co-Founder of ReCircle. “This report highlights our key developments, including the evolution of ClimaOne — our cutting-edge waste management platform, and the positive societal and environmental impact we’re driving. We also emphasize our work in brand engagement, community development, and the significant support from our investors and partners. From the very beginning, our goal has been to build something truly impactful — and we are just getting started.”
Gurashish Singh Sahni, COO & Co-Founder of ReCircle, added, “In the months ahead, we are focused on evolving our impact through a series of growth strategies, including achieving end-to-end circularity for plastics, exploring new supply chains, expanding ClimaOne, growing our team and building our textile waste recovery facility in Mumbai. We are also committed to furthering our support for Safai Saathis and collection partners to ensure sustainable growth.”
Key Highlights from ReCircle’s FY 2023-2024 Impact Report:
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Empowering Safai Sathis: Enhanced livelihoods and social recognition for over 3,500 informal waste workers, fostering empowerment and better working conditions.
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Investment Milestones: Secured funding in its pre-series A round from Flipkart Ventures, 3i Partners, and Acumen Fund Inc., signaling strong investor confidence in India’s clean-tech ecosystem.
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Grants and CSR Partnerships: Formed strategic partnerships with organizations such as the Alliance to End Plastic Waste, IIT Kanpur’s Swachhata Startup Challenge, Metro Shoes, and Hindustan Unilever (HUL).
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Tech for Impact: ClimaOne, ReCircle’s waste management platform, evolves to provide transparency, traceability, and ethical solutions for waste handling across the supply chain.
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National Goals Alignment: ReCircle’s initiatives align with the Swachh Bharat Mission and contribute toward achieving Sustainable Development Goals (SDGs) globally.
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Brand Engagement: Supported 60+ brands including HUL, UNDP India, and Hindustan Coca-Cola Beverages in meeting their sustainability goals.
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Community Engagement: Conducted Waste Collection Drives and Zero-Waste Events across India, educating and inspiring responsible waste management practices.
These efforts highlight ReCircle’s continued commitment to sustainability, social impact, and innovation in the clean-tech sector.
ReCircle invites companies, communities, and consumers to explore the transformative impact of its initiatives in the FY 2023-2024 Impact Report. The report provides an in-depth look at ReCircle’s achievements and the milestones it has reached in its journey toward a circular future. [View the complete report here]
About ReCircle
Founded in 2016 by Rahul Nainani and Gurashish Singh Sahni, ReCircle aims to tackle India’s growing waste challenge by enabling consumers and brands to divert waste from landfills and oceans, reintegrating it into the economy for recycling, reuse, and repurposing.
Headquartered in Mumbai, ReCircle is driven by its mission to accelerate the world’s transition to a circular economy. The company offers tech-enabled solutions like ClimaOne, a platform that tracks waste in real-time, simplifies compliance, and promotes transparency, as well Plastic EPR Service, Plastic-Neutral programs and Project Extra Life to further their goal. ReCircle has diverted over 169,000 MT of waste from landfills and water bodies across 300+ cities in India, working with over 20 processing partners and over 200 collection partners.
ReCircle has also impacted the lives of over 3,500 Safai Saathis and has helped over 60 brands, including HUL, UNDP India, and Hindustan Coca-Cola Beverages, meet their sustainability goals. In September 2024, ReCircle raised a bridge round led by Venture Catalysts and Mumbai Angels to close the loop on plastics.
For more information, visit: https://recircle.in
