When was Lucro founded?

Lucro was founded in 2012 and raised its 1st funding round 8 years after it was founded.

Where is Lucro located?

Lucro is headquartered in Mumbai, India. It is registered at 175/5, New Aashirwad Industrial Estate, Ram Mandir Road, Goregaon (West), Mumbai City, Mumbai, Maharashtra, India, 400104.

Which legal entities is Lucro associated with?

Lucro is associated with LUCRO PLASTECYCLE PRIVATE LIMITED and 1 other.

How many employees does Lucro have?

As of Jul 31, 2025, the latest employee count at Lucro is 83.

Is Lucro a funded company?

Lucro is a funded company, having raised a total of $26.2M across 4 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Mar 13, 2020.

How much is Lucro worth?

The latest valuation of Lucro is $***** as of Apr 23, 2025.

When was the latest funding round of Lucro?

Lucro's latest funding was a $***** Series B round on Mar 21, 2025, with participation from 1 investor.

What is the annual revenue of Lucro?

Annual revenue of Lucro is between ₹100 Cr and ₹500 Cr as on Mar 31, 2025

Where does Lucro rank among its competitors?

Lucro ranks 7th amongst 2091 active competitors, of which 129 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was Fairmat, which secured $11.5M in Nov, 2025.

Who are the top competitors of Lucro?

Lucro's top competitors include Re Sustainability, Agilyx and Charter Next Generation. Among them, Fairmat secured the most recent funding round in November, 2025.

Lucro - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Provider of post-consumer plastic waste collection, recycling, and product manufacturing. The company transforms discarded plastic into valuable recycled granules and various finished goods. These products include automotive covers, flexible packaging solutions, and retail packaging options. The company focuses on upcycling waste into sustainable materials for businesses.

Website: lucro.in
Social
Email ID: *****@lucro.in, *****@lucro.co.in
Phone Number: +91 **********
Registered Address: 175/5, New Aashirwad Industrial Estate, Ram Mandir Road, Goregaon (West), Mumbai City, Mumbai, Maharashtra, India, 400104

Key Metrics

Founded Year

2012

Location

Mumbai, India

Stage

Series B

Total Funding

$26.2M in 4 rounds

Latest Funding Round

Series B, Mar 21, 2025, $*****

Post Money Valuation

$***** as on Apr 23, 2025

Investors

Circulate Capital & 2 more

Ranked

7^th among 2091 active competitors

Annual Revenue

₹100 - ₹500 Cr as on Mar 31, 2025

Employee Count

83 as on Jul 31, 2025

Similar Companies

Agilyx & 618 more

View Lucro's full profile

Lucro is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
Tattva Enterprises Llp CIN: AAI-5408 , India, Active	Feb 12, 2017	₹100 - ₹500 Cr (As on Mar 31, 2025)	17 (As on Jul 31, 2025)
LUCRO PLASTECYCLE PRIVATE LIMITED CIN: U25209MH2019PTC329977 , India, Active	Aug 30, 2019	₹100 - ₹500 Cr (As on Mar 31, 2025)	73 (As on Apr 01, 2026)

Lucro has raised a total funding of $26.2M over 4 rounds. Its first funding round was on Mar 13, 2020. Its latest funding round was a Series B round on Mar 21, 2025 for $*****. 1 investor participated in its latest round. Lucro has 3 institutional investors.

Here is the list of recent funding rounds of Lucro:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 21, 2025	7628557	Series B	6081847	1397509	4008131	4458420
Feb 02, 2023	1678573	Series A	4092498	9373914	5163745	8653267
Jun 17, 2022	1545097	Series A	2332739	7351010	Circulate Capital	1139820

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View details of Lucro's funding rounds and investors

The founders of Lucro are Saumil Dinesh Desai and Ujwal Desai.

Here are the details of Lucro's key team members:

Saumil Dinesh Desai: Director of Lucro. They serve on the board of 1 company.
Contact Info: 1 phone number
Ujwal Desai: Co-Founder & Managing Director of Lucro. They serve on the board of 1 company.
Contact Info: 1 email address

Lucro's Board of Directors

Lucro's board has 3 active members. Saumil Dinesh Desai and Ujwal Desai are part of team and Robert Ira Ira Kaplan is independent board member.

Here is the list of Lucro's board of directors:

Name	Type	Representing	Status	Duration
Saumil Dinesh Desai	Team	-	Current	7y 0m
cyexceg	Team	-	Past	7y 5m
Robert Ira Ira Kaplan	Independent board member	-	Current	6y 5m

View details of Lucro's Founder profiles and Board Members

Lucro's employee count trend

Lucro has 83 employees as of Jul 25. The total employee count is 1.0% more than what it was in Jul 24. Here is Lucro's employee count trend over the years:

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Top competitors of Lucro include Re Sustainability, Agilyx and Charter Next Generation. Here is the list of Top 10 competitors of Lucro, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Re Sustainability 1994, Hyderabad (India), Acquired	Provider of bio medical waste treatment services	$147M	Vistra ITCL, IIML & 10 others	65/100
2nd	Agilyx 2004, Beaverton (United States), Series D	Provider of plastic recycling services	$83.3M	Crossroads Liquidating Trust, Point Financial ... & 8 others	61/100
3rd	Charter Next Generation 1998, Milton (United States), Acquired	Manufacturer of superior-quality coextruded, barrier, and monolayer films	-	Leonard Green and Partners, Oak Hill	59/100
4th	TerraCycle 2001, Trenton (United States), Series A	Provider of waste recycling services	$27.4M	Quadia, Nestle & 14 others	58/100
5th	Fairmat 2020, Paris (France), Series B	Provider of fiber recycling services	$85.2M	CNP, Temasek & 10 others	57/100
6th	PureCycle 2015, Orlando (United States), Public	Provider of waste plastic recycling services	$99.3M	Closed Loop Partners, Samlyn Capital & 3 others	56/100
7th	Lucro 2012, Mumbai (India), Series B	Provider of post-consumer plastic waste collection, recycling, and product manufacturing	$26.2M	Circulate Capital, Hindustan Unilever & 1 others	56/100
8th	Perma-Fix 1991, Atlanta (United States), Public	Provider of waste treatment services	-	Quabbin Capital, Europa	56/100
9th	Ganesha Ecosphere 1987, Kanpur (India), Public	Provider of plastic waste recycling services	$6M	MCap Fund Advisors, IFCI Venture Capital Funds	56/100
10th	SKAKO 1963, Faaborg (Denmark), Public	Supplier of construction equipment & supplies	-	Lind Invest, FCDE	53/100

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Founders own 18.27%, Funds (largest shareholder) own 38.83%, Enterprises own 14.29% and Other People own 25.20%. The net worth of Lucro's founders is INR 128Cr as of Apr 23, 2025.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	18.27%	128Cr	5654157	5021313	5777624	4935442
Ujwal Desai	6674809	2410762	9524513	3522688	7723415	3308181
Saumil Dinesh Desai	74	75	55	75	75	20
Fund	38.83%	272Cr	1341100	6777209	5407773	1986515
Circulate Capital	3274977	7026979	9244943	2496439	2278937	3957397
Enterprise	14.29%	100Cr	1319545	5317297	2663602	4056537
Other People	25.20%	176Cr	4630388	1177920	5816710	3725168
ESOP Pool	3.43%	24Cr	189	201	773	647
Total	100.00%	700Cr	4252857	8104019	8236192	7267316