When was Recyclekaro founded?

Recyclekaro was founded in 2010 and raised its 1st funding round 10 years after it was founded.

Where is Recyclekaro located?

Recyclekaro is headquartered in Navi Mumbai, India. It is registered at 1603, Atrium B, Rupa Solitaire, Millennium Business Park, Mahape, Thane, Thane, Thane, Maharashtra, India, 400710.

Who is the current CEO of Recyclekaro?

Prassann Daphal of Recyclekaro.

Which legal entities is Recyclekaro associated with?

Recyclekaro is associated with EVERGREEN RECYCLEKARO (INDIA) LIMITED and 1 other.

How many employees does Recyclekaro have?

As of Apr 30, 2026, Recyclekaro has 104 employees, reflecting a 12% year-over-year growth in headcount.

Is Recyclekaro a funded company?

Recyclekaro is a funded company, having raised a total of $21.8M across 8 funding rounds to date. The company's 1st funding round was a $***** Angel round, raised on Jan 20, 2020.

How much is Recyclekaro worth?

The latest valuation of Recyclekaro is $***** as of Mar 31, 2026.

When was the latest funding round of Recyclekaro?

Recyclekaro's latest funding was a $***** Series A round on Feb 10, 2026, with participation from 7 investors. Its primary sector is Solid Waste Management Tech. In India, the Solid Waste Management Tech sector has seen $179M in funding in 2026 to date.

What is the annual revenue of Recyclekaro?

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

Where does Recyclekaro rank among its competitors?

Recyclekaro ranks 5th amongst 75 active competitors, of which 35 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was NEU Battery Materials, which secured $7.6M in Oct, 2026.

Who are the top competitors of Recyclekaro?

Recyclekaro's top competitors include Lohum, Attero and MiniMines. Among them, NEU Battery Materials secured the most recent funding round in October, 2026.

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

Company Details

Manufacturer of recycled metals and provider of electronic waste and battery recycling services. Operations include the recovery of critical minerals from end of life electronics and batteries through mechanical and chemical processes. Services encompass the collection, dismantling, and processing of waste streams to extract valuable materials for reuse in industrial applications. The organization manages the lifecycle of discarded hardware and energy storage systems to support material recovery and environmental compliance.

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

$21.8M in 8 rounds

Latest Funding Round

Series A, Feb 10, 2026, $*****

Post Money Valuation

$***** as on Mar 31, 2026

Investors

Navin Bhai Patel & 115 more

Ranked

5^th among 75 active competitors

Annual Revenue

₹100 - ₹500 Cr as on Mar 31, 2025

Employee Count

104 as on Apr 30, 2026

Similar Companies

Mangrove Lithium & 55 more

View Recyclekaro's full profile

Recyclekaro is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
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)
EVERGREEN LITHIUM RECYCLING PRIVATE LIMITED CIN: U14294MH2019PTC333621 , India, Active	Nov 26, 2019	₹10 - ₹50 Cr (As on Mar 31, 2025)	47 (As on Apr 01, 2026)

Recyclekaro has raised a total funding of $21.8M 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 $*****. 7 investors participated in its latest round. Recyclekaro has 27 institutional investors and 89 angel investors.

Here is the list of recent funding rounds of Recyclekaro:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 10, 2026	3752864	Series A	9618587	9653044	2700877	1342511
Apr 02, 2025	5156328	Series A	4132545	7982768	1189994	Jay Arun Mehra & 3 more
Oct 23, 2024	5008607	Series A	6789908	8785557	Abhishek Dua & 1 more	Tanay Gupta & 10 more

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View details of Recyclekaro's funding rounds and investors

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

Prassann Daphal: CEO of Recyclekaro.
Contact Info: 1 email address

Recyclekaro's Board of Directors

Recyclekaro's board has 6 active members. Rajesh Ramloutan Gupta, Anuradda Ganesh, Rupesh Chitte Dattu, Sanjay Kumar Lalit, Rajiv Bhupendra Sanghvi and Venugopal Prasad Rao are part of team.

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

Name	Type	Representing	Status	Duration
Rajesh Ramloutan Gupta	Team	-	Current	15y 10m
vuqzqrk	Team	-	Current	9y 5m
jdhbqpw	Team	-	Current	7y 9m
qykvg{r	Team	-	Current	8y 4m
bscipaa	Team	-	Current	1y 6m
oczlkyf	Team	-	Past	8y 2m

View details of Recyclekaro's Founder profiles and Board Members

Recyclekaro's employee count trend

Recyclekaro has 104 employees as of Apr 26. The total employee count is 12.0% more than what it was in Apr 25. Here is Recyclekaro's employee count trend over the years:

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Top competitors of Recyclekaro include Lohum, Attero and MiniMines. Here is the list of Top 10 competitors of Recyclekaro, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Lohum 2018, Noida (India), Series C	Sustainable critical minerals and advanced materials producer	$135M	Baring Private Equity Partners, Cactus Venture Partners ... & 132 others	76/100
2nd	Attero 2008, Noida (India), Series C	Deep-tech recycling and resource recovery company	$31.1M	IFC, IndoUS Venture Partners & 10 others	72/100
3rd	MiniMines 2020, Bengaluru (India), Series A	Provider of lithium-ion battery recycling and commodity extraction clean-tech solutions	$4.48M	Shastra, Micelio & 27 others	66/100
4th	Mangrove Lithium 2013, Delta (Canada), Series B	Developer of modular scalable lithium refining technology for battery‑grade production	$46.5M	BMW i Ventures, Breakthrough Energy & 10 others	66/100
5th	Recyclekaro 2010, Navi Mumbai (India), Series A	Manufacturer of recycled metals and provider of electronic waste and battery recycling services	$21.8M	AIG, Ascent Capital & 114 others	65/100
6th	Cylib 2022, Aachen (Germany), Series A	Provider of sustainable battery recycling and recycled raw materials	$71.5M	World Fund, Porsche Ventures & 15 others	63/100
7th	SiTration 2020, Cambridge (United States), Seed	Provider of battery recycling solutions	$17.4M	2150.VC, Azolla Ventures & 9 others	63/100
8th	BatX Energies 2020, Gurugram (India), Series A	Provider of lithium-ion battery recycling and critical mineral recovery services	$18.6M	Exim Bank, Survam Partners & 95 others	62/100
9th	Aqua Metals 2013, Reno (United States), Public	Provider of battery recycling solutions	$6M	Liquid Venture Partners, Herald Investment Management ... & 4 others	62/100
10th	NEU Battery Materials 2021, Singapore (Singapore), Series A	Provider of lithium iron phosphate battery recycling and battery-grade lithium supply	$11.9M	SGInnovate, Shift4Good & 11 others	62/100

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EVERGREEN RECYCLEKARO (INDIA) LIMITED, the legal entity associated with Recyclekaro, generated between ₹100 Cr and ₹500 Cr in revenue for the financial year ending on Mar 31, 2025. The revenue of EVERGREEN RECYCLEKARO (INDIA) LIMITED has a compounded annual growth rate (CAGR) of 75% in the last 1 year.

Financial Statement Summary

Metrics	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21
Income Statement
Revenue	7737	5833	1812	3736	2677
Total Sales	8670	3959	4283	5833	4435
Total Expenses	8296	1824	6926	3497	1564
Operating Expenses	2982	6822	3699	1269	3070
Employee Expenses	2419	2321	5271	1295	2816
Marketing Expenses	8444	2583	4699	5507	5995
Operating Income (EBIT)	6766	4152	1662	5703	6777
Interest Expenses	1988	4309	1815	2534	6251
Expenses from other activities	4466	5156	9805	7001	8604
EBITDA	7720	1358	3172	9694	5356
Taxes	4607	1595	2328	1119	4173
Net Profit	5778	7485	4034	8409	8412
Balance Sheet
Assets	9555	4326	2073	4491	9878
Cash Equivalent	8802	5714	7911	2453	7496
Accounts Receivables	6667	1591	1738	3848	4538
Inventory	1225	1513	3284	8801	1288
Liabilities	4854	9577	8815	3218	2140
Total Debt	8774	1092	5615	7251	9036
Accounts Payable	9581	9125	5863	7849	8859
Equities	7445	9975	4225	7360	9396
Cashflow Statement
Cash from Operating activities	2928	7086	2267	7059	9434
Cash from Investing activities	9887	4240	3061	7923	9669
Net cash from Financing activities	9544	2598	3466	1552	3410

Detailed Financials (Income Statement, Balance Sheet, Cashflow Statement)

Founders (largest shareholder) own 48.49%, Funds own 0.89%, Parent Entities own 4.80% and Enterprises own 8.45%. The net worth of Recyclekaro's founders is INR 829Cr as of Mar 31, 2026. The cap table displayed below is for EVERGREEN RECYCLEKARO (INDIA) LIMITED which is the legal entity associated with Recyclekaro.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	48.49%	829Cr	6527144	9600013	7670337	4882700
Fund	0.89%	15.1Cr	0	0	0	0
Ascent Capital	0	0	0	0	0	0
Parent Entity	4.80%	82.1Cr	6342	3243	6807	8584
Enterprise	8.45%	144Cr	4397764	5641560	9354098	3232565
Angel	18.31%	313Cr	9159622	4847919	3663943	2607253
Navin Bhai Patel	3434	9122	7832	9107	5565	5994
Jay Arun Mehra	0	0	0	0	0	0
Bikramjit Singh Kandhari	0	0	0	0	0	0
Raji Lakshmanan	0	0	0	0	0	0
Gopal Agrawal	0	0	0	0	0	0
Abhishek Dua	0	0	0	0	0	0
Other People	3.68%	62.9Cr	304	217	763	485
ESOP Pool	12.20%	209Cr	2504224	9193519	9479824	3042001
Other Investors	3.19%	54.6Cr	667	553	390	117
Total	100.00%	1,710Cr	5377427	7903033	6259260	9910237