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, the latest employee count at Recyclekaro is 104.

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.

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 4th amongst 68 active competitors, of which 33 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was Lohum, which secured $24M in Jul, 2026.

Who are the top competitors of Recyclekaro?

Recyclekaro's top competitors include Lohum, Attero and Aqua Metals. Among them, Lohum secured the most recent funding round in July, 2026.

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

Recyclekaro is a series A company based in Navi Mumbai (India), founded in 2010 by Rajesh Ramloutan Gupta. It operates as a Manufacturer of recycled metals and provider of electronic waste and battery recycling services. Recyclekaro has raised $21.8M in funding from investors like AIG, Clarion and LRT, with a current valuation of $*****. The company has 68 active competitors, including 33 funded and 7 that have exited. Its top competitors include companies like Lohum, Attero and Aqua Metals.

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

4^th among 68 active competitors

Annual Revenue

₹100 - ₹500 Cr as on Mar 31, 2025

Employee Count

104 as on Apr 30, 2026

Similar Companies

Aqua Metals & 49 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	Documents
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	9879909	Series A	9224557	4363040	8900987	3025797
Apr 02, 2025	8263899	Series A	6598759	7997198	9005042	Jay Arun Mehra & 2 more
Oct 23, 2024	4744839	Series A	5952275	7927256	Abhishek Dua & 1 more	Tanay Gupta & 9 more

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View details of Recyclekaro's funding rounds and investors

The founders of Recyclekaro is Rajesh Ramloutan Gupta. Prassann Daphal is the CEO of Recyclekaro.

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

Rajesh Ramloutan Gupta: Founder & Managing Director of Recyclekaro. They serve on the board of 1 company.
Contact Info: 1 email address and 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 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 8m
ecfqzyw	Team	-	Current	9y 1m
lygcyux	Team	-	Current	9y 1m
jomv{ja	Team	-	Current	9y 8m
gaaioct	Team	-	Current	5y 5m
hpqumja	Team	-	Past	7y 7m

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 Aqua Metals. 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 Partners ... & 132 others	75/100
2nd	Attero 2008, Noida (India), Series C	Provider of e-waste and lithium-ion battery recycling solutions	$31.1M	IFC, IndoUS Venture Partners & 10 others	71/100
3rd	Aqua Metals 2013, Reno (United States), Public	Provider of battery recycling solutions	$6M	Liquid Venture Partners, Herald Investment Management ... & 4 others	65/100
4th	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
5th	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	64/100
6th	MiniMines 2020, Bengaluru (India), Series A	Provider of lithium-ion battery recycling and commodity extraction clean-tech solutions	$4.97M	Shastra, Micelio & 22 others	64/100
7th	ABTC 2011, Reno (United States), Public	Provider of Lithium-ion battery recycling platform	-	DOE, Greentown Labs & 2 others	63/100
8th	SiTration 2020, Cambridge (United States), Seed	Provider of battery recycling solutions	$17.4M	2150.VC, Azolla Ventures & 9 others	62/100
9th	Redwood Materials 2017, Carson City (United States), Series E	Provider of repurposed battery packs for modular energy storage systems	$2.29B	T. Rowe Price, Capricorn & 30 others	60/100
10th	Ascend Elements 2015, Westborough (United States), Series D	Manufacturer of engineered materials from recycled lithium-ion batteries and battery scrap	$1.1B	Temasek, Fifth Wall & 31 others	60/100

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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.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	48.49%	829Cr	7561799	4987112	6596393	3203690
Rajesh Ramloutan Gupta	3052868	3881957	6519113	7556464	3111803	7188086
Fund	0.89%	15.1Cr	0	0	0	0
Ascent Capital	0	0	0	0	0	0
Parent Entity	4.80%	82.1Cr	7782	3947	4463	2767
Enterprise	8.45%	144Cr	7737609	3649357	7033145	2069927
Angel	18.31%	313Cr	4261583	1670837	1527996	8084743
Navin Bhai Patel	3849	2277	1319	9915	9447	1453
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	878	746	104	512
ESOP Pool	12.20%	209Cr	4678587	9274090	3760556	2799575
Other Investors	3.19%	54.6Cr	703	912	270	658
Total	100.00%	1,710Cr	7541496	9308114	1071050	7678807