Cloud-based recycling enabler, Recykal, raises $2 mn in pre-series A funding

Recykal, a cloud-based waste management and recycling enabler, has raised $2 million as part of a Pre-Series A financing round. The funding will enable it to expand its footprint across India.

Triton Investment Advisors (Triton), the family office of Ajay Parekh, Director, Pidilite Industries, and existing investor, Vijay Acharya, former Managing Director, Bank of Singapore, have participated in this round.

Recykal’s digital technology platform connects waste generators (businesses and consumers) with waste aggregators and recyclers, facilitating transactions and offering visibility, transparency and traceability of recyclable waste.