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11-50
India , 2015
Mumbai, Maharashtra
One of ReCircle’s flagship offerings is ethically recycled plastic. This product allows businesses to incorporate recycled materials into their products, thus reducing their reliance on virgin plastic and minimizing their environmental impact. ReCircle sources plastic waste through an extensive network of over 400 collection partners and 45 waste processing partners. These partners gather and segregate waste from various sources, ensuring that the raw materials used in ReCircle’s recycled plastic are ethically and sustainably collected. This process not only helps reduce plastic waste but also supports the livelihoods of individuals working in the waste management sector. ReCircle ensures complete transparency in its supply chain through its proprietary platform, ClimaOne. ClimaOne is a cutting-edge technological solution that provides end-to-end traceability of recycled materials. By embedding QR codes into products, brands can offer consumers a window into the lifecycle of the recycled plastic used in their products. This transparency builds trust and engagement, as consumers can see firsthand the sustainable practices employed by the brands they support. ClimaOne empowers businesses to showcase their commitment to sustainability and ethical practices, enhancing their brand value in the eyes of increasingly eco-conscious consumers. In addition to providing ethically recycled plastic, ReCircle offers plastic credits to businesses looking to offset their plastic footprint.
Founded in 2016 by Rahul Nainani and Gurashish Singh Sahni, Swachh Sustainable Solutions Private Limited (ReCircle) is headquartered in Mumbai, India. As a clean-tech and waste management company, ReCircle addresses the significant issue of plastic waste management in India, where 70% of plastic packaging becomes waste. ReCircle provides plastic credits to FMCG companies, aiding them in achieving plastic neutrality and complying with local Extended Producer Responsibility (EPR) regulations and global Sustainable Development Goals (SDGs). The company's tech platform, ClimaOne, ensures the traceability and transparency of plastic credits. ReCircle operates with an asset-light, partner-based model, collaborating with local aggregators and waste management agencies across 270+ cities, towns, and villages in India. ReCircle boasts a client base of 210, including HUL, Dabur, Hindustan Coca-Cola, Tata Starbucks, and Nestle. The company has been cash flow positive for the last four years, with a growth rate of 100% YoY. ReCircle's revenue model includes selling plastic credits and trading plastic scrap. In FY24, the company achieved a revenue of INR 26.33 crore & profitable and is projected to reach INR 125.4 crore by FY27.
ReCircle’s business model is rooted in creating a traceable reverse supply chain for waste. This involves purchasing raw materials, processing them for recycling, and issuing plastic credits. The company’s partnerships with waste processors and collection partners are crucial to ensuring a steady supply of raw materials, allowing ReCircle to produce high-quality recycled plastic products. This integrated approach not only supports the circular economy but also fosters sustainable development by reducing the demand for virgin materials and minimizing environmental pollution
India, Europe, North America, Africa (excluding North Africa)
Website and Mobile App
B2B
Banayan Nation, Waste Ventures India, Saahas Zero Waste, Geminor, Plastics for Change
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