Recyclekaro - About the company
Recyclekaro is a series A company based in Navi Mumbai (India), founded in 2010 by Rajesh Gupta. It operates as a Provider of e-waste, battery, vehicle, and office equipment recycling services. Recyclekaro has raised $18.3M in funding from investors like AIG, Clarion and LRT, with a current valuation of ₹*****. The company has 2104 active competitors, including 120 funded and 346 that have exited. Its top competitors include companies like Lohum, Attero and Covanta.
Company Details
Provider of e-waste, battery, vehicle, and office equipment recycling services. The company focuses on recycling waste and extracting resources for manufacturers. It offers solutions for battery extended producer responsibility. The business refines technology and optimizes processes to provide sustainable solutions.
- Website
- www.recyclekaro.com/
- Social
- Email ID
- *****@recyclekaro.com, *****@recyclekaro.com
- Phone Number
- +91 **********
- Registered Address
- 1603, Atrium B, Rupa Solitaire, Millennium Business Park, Mahape, Thane, Thane, Thane, Maharashtra, India, 400710
Key Metrics
Founded Year
2010
Location
Navi Mumbai, India
Stage
Series A
Total Funding
$18.3M in 8 rounds
Latest Funding Round
Post Money Valuation
₹***** as on Mar 31, 2026
Investors
Ranked
8th among 2104 active competitors
Annual Revenue
₹100 - ₹500 Cr as on Mar 31, 2025
Employee Count
93 as on Aug 31, 2025
Similar Companies
Legal entities associated with Recyclekaro
Recyclekaro is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
EVERGREEN LITHIUM RECYCLING PRIVATE LIMITED CIN: U14294MH2019PTC333621 , India, Active | Nov 26, 2019 | ₹10 - ₹50 Cr (As on Mar 31, 2025) | 44 (As on Feb 01, 2026) | |
EVERGREEN RECYCLEKARO (INDIA) LIMITED CIN: U93030MH2010PLC211127 , India, Active | Dec 20, 2010 | ₹100 - ₹500 Cr (As on Mar 31, 2025) | 57 (As on Apr 01, 2026) |
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Recyclekaro's funding and investors
Recyclekaro has raised a total funding of $18.3M over 8 rounds. Its first funding round was on Jan 20, 2020. Its latest funding round was a Series A round on Feb 10, 2026 for $*****. 5 investors participated in its latest round. Recyclekaro has 24 institutional investors and 88 angel investors.
Here is the list of recent funding rounds of Recyclekaro:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Feb 10, 2026 | 2267671 | Series A | 8130073 | 7599099 | 2625727 | 7110524 |
Apr 02, 2025 | 7218976 | Series A | 2809805 | 2505730 | 9653808 | |
Oct 23, 2024 | 1242163 | Series A | 3473118 | 6555340 |
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Recyclekaro's founders and board of directors
Founder? Claim ProfileThe founders of Recyclekaro is Rajesh Gupta. Prassann Daphal is the CEO of Recyclekaro.
Here are the details of Recyclekaro's key team members:
- Rajesh Gupta: Founder & Managing Director of Recyclekaro and founder of 1 other company. They serve on the board of 1 company.Contact Info: 1 phone number
- Prassann Daphal: CEO of Recyclekaro. Contact Info: 1 email address
Recyclekaro's Board of Directors
Recyclekaro's board has 6 active members. Rajesh Gupta is part of team and ANURADDA GANESH, Rupesh Chitte Dattu, Sanjay Kumar Lalit, Rajiv Bhupendra Sanghvi and Venugopal Prasad Rao are independent board members.Here is the list of Recyclekaro's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
sguuxle | Team | - | Past | 5y 4m |
Independent board member | - | Current | 0y 10m | |
uceuagj | Independent board member | - | Current | 1y 2m |
bmgnbnk | Independent board member | - | Current | 7y 2m |
dxyxyvg | Independent board member | - | Current | 8y 7m |
ukppkgy | Independent board member | - | Past | 9y 8m |
View details of Recyclekaro's Founder profiles and Board Members
Recyclekaro's employee count trend
Recyclekaro has 93 employees as of Aug 25. The total employee count is 4.0% more than what it was in Aug 24. Here is Recyclekaro's employee count trend over the years:
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Recyclekaro's Competitors and alternates
Top competitors of Recyclekaro include Lohum, Attero and Covanta. Here is the list of Top 10 competitors of Recyclekaro, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Sustainable critical minerals and advanced materials producer | $109M | 75/100 | ||
2nd | Provider of e-waste and lithium-ion battery recycling solutions | $31.1M | 71/100 | ||
3rd | Covanta 1983, Morristown (United States), Acquired | Provider of waste recycling services | - | - | 68/100 |
4th |  Re Sustainability 1994, Hyderabad (India), Acquired | Provider of bio medical waste treatment services | $147M | 66/100 | |
5th |  Aqua Metals 2013, Reno (United States), Public | Provider of battery recycling solutions | $6M | 65/100 | |
6th | Redwood Materials 2017, Carson City (United States), Series E | Provider of repurposed battery packs for modular energy storage systems | $2.29B | 65/100 | |
7th | Mangrove Lithium 2013, Delta (Canada), Series B | Developer of modular scalable lithium refining technology for battery‑grade production | $46.5M | 64/100 | |
8th |  Recyclekaro 2010, Navi Mumbai (India), Series A | Provider of e-waste, battery, vehicle, and office equipment recycling services | $18.3M | 64/100 | |
9th | Provider of lithium-ion battery recycling and commodity extraction clean-tech solutions | $4.97M | 63/100 | ||
10th |  ABTC 2011, Reno (United States), Public | Provider of Lithium-ion battery recycling platform | - | 63/100 |
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Recyclekaro's Latest cap tables and shareholding
Founders (largest shareholder) own 50.74%, Funds own 0.93%, Parent Entities own 5.02% and Enterprises own 8.06%. The net worth of Recyclekaro's founders is INR 829Cr as of Feb 10, 2026.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 50.74% | 829Cr | 9608953 | 6843653 | 2072907 | 1459498 |
8724948 | 4080457 | 7410465 | 5879475 | 5084746 | 5675940 | |
Fund | 0.93% | 15.1Cr | 0 | 0 | 0 | 0 |
0 | 0 | 0 | 0 | 0 | 0 | |
Parent Entity | 5.02% | 82.1Cr | 52001 | 58793 | 54023 | 84746 |
Enterprise | 8.06% | 133Cr | 4130327 | 7727780 | 4848003 | 9194116 |
Angel | 15.31% | 265Cr | 2558189 | 6264946 | 9637734 | 5735837 |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
8 | 2 | 5 | 2 | 6 | 1 | |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
Other People | 3.85% | 62.9Cr | 674 | 260 | 585 | 299 |
ESOP Pool | 12.76% | 209Cr | 4745489 | 2326001 | 3096230 | 8518626 |
Other Investors | 3.34% | 54.6Cr | 662 | 918 | 158 | 987 |
Total | 100.00% | 1,650Cr | 6010907 | 8546378 | 7781098 | 6848670 |
To unlock detailed Cap Table of Recyclekaro Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of Recyclekaro's Shareholding
Recyclekaro's Investments and acquisitions
Recyclekaro has made no investments or acquisitions yet.
Reports related to Recyclekaro
Here is the latest report on Recyclekaro's sector:
News related to Recyclekaro
Filter this listMedia has covered Recyclekaro for a total of 6 events in the last 1 year, 3 of them have been about company updates and 1 about partnerships.
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Recyclekaro Partners with IIT Bombay for Critical Mineral Extraction and Battery Recyclingelectronicsforyou.biz•May 15, 2026•Recyclekaro, IIT Bombay
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Recyclekaro plans Rs 240 crore fundraise, weighs IPO amid expansion pushIndiatimes•Apr 02, 2026•Recyclekaro
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Recyclekaro Launches Reloop, India's First D2C Recycling PlatformCyberMedia India Online•Jun 09, 2025•Recyclekaro
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Seeds of Bravery to invest around €2.2M in a few dozen Ukrainian startupsAin•Mar 12, 2025•Seeds of Bravery, Lucid, A-Mark, Neomi Pharma and 44 others
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Recyclekaro’s advanced recycling facility to revamp India’s e-waste and battery waste managementConstructionWeekonline.in•Feb 27, 2025•Recyclekaro
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Recyclekaro Honoured as a Top Innovator at EU-India Battery Recycling Technologies Matchmaking EventMedia Bulletins•Aug 13, 2024•Recyclekaro
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Recyclekaro becomes one of the 4 Lithium-ion Battery Recyclers Registered on India’s EPR PortalBusiness News This Week•May 30, 2024•Recyclekaro, EPRLoop
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