About Circular Economy sector in India
The Circular Economy sector in India comprises 1.02K companies, including 221 funded companies having collectively raised $708M in venture capital money and private equity. Out of these, 38 are Series A+ funded.
Circular Economy sector in India has seen 4 acquisitions and 8 IPOs.
This sector includes companies that provide solutions to reduce waste, pollution and regenerate natural system.
Companies included in Circular Economy
Companies that provide solutions to reduce and manage emissions, reduce and recycle waste, filter wastewater, renewable energy providers.Companies excluded in Circular Economy
It excludes companies providing generic eco-friendly products, sustainable technologies as well as consulting companies that provide advisory services for environmental protection.Top Circular Economy Companies in India
There are more than 1.02K companies in Circular Economy in India. Recykal is the top Circular Economy company in India, ranked using Tracxn Score (what's this?).
Here are 5 of the top Circular Economy companies in India:
Company | Description | Location | Founded | Current Stage | Private Funding Raised |
|---|---|---|---|---|---|
Provider of digital solutions for sustainable waste management | Hyderabad (India) | 2016 | Series A | $40.9M | |
Provider of e-waste and lithium-ion battery recycling | Noida (India) | 2008 | Series C | $31.1M | |
Recycles lithium-ion batteries and repurposes battery raw materials through low-carbon refining | Noida (India) | 2018 | Series B | $87.7M | |
Provider of biogas engineering and clean fuels technology solutions | Bengaluru (India) | 2012 | Series B | $20M | |
Provider of plastic waste recycling, offering products, solutions, and equipment | Hyderabad (India) | 2010 | Series A | $21.3M |
Companies founded year-on-year in the Circular Economy sector in India
80 Circular Economy startups in India were founded in 2022 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | - |
2025 | 8 |
2024 | 52 |
2023 | 72 |
2022 | 80 |
2021 | 62 |
2020 | 69 |
2019 | 64 |
2018 | 54 |
2017 | 40 |
Stage-wise distribution of Circular Economy sector companies in India
Out of the total 1,023 Circular Economy companies in India, 221 have secured funding. Among them, 38 have reached Series A or higher, and 20 to Series B or beyond.
Founded - 1,023
Funded - 221
Series A+ - 38
Series B+ - 20
Series C+ - 15
Company Stage | No. of companies |
|---|---|
Founded | 1,023 |
Funded | 221 |
Series A+ | 38 |
Series B+ | 20 |
Series C+ | 15 |
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Funding Trends in the Circular Economy sector in India
Total funding year-on-year in the Circular Economy sector in India
The Circular Economy sector in India saw a total funding of more than $638M in the last 10 years. The most amount of funding was in 2024 at more than $203M. There has been a total funding of $8.37M in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $8.37M |
2025 | $130M |
2024 | $203M |
2023 | $108M |
2022 | $85.2M |
2021 | $27.4M |
2020 | $51.4M |
2019 | $12.8M |
2018 | $9.59M |
2017 | $2.36M |
Recent Funding Rounds in Circular Economy in India
In the year 2026, till February 2026, Circular Economy companies in India have raised $8.37M in equity funding across 6 rounds.
In the same period last year (i.e. till February 2025), Circular Economy companies in India had raised $17.1M across 7 rounds.
So, 2026 has seen a 51.03% drop in funding in Circular Economy companies in India as compared to 2025.
Here are some recent, important funding rounds in Circular Economy companies in India:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 2753 | Feb 17, 2026 | ||
Seed | 9577 | Feb 12, 2026 | ||
Seed | 1153 | Jan 28, 2026 | ||
Angel | 6973 | Jan 23, 2026 | ||
Seed | 3790 | Jan 22, 2026 | and 1 more |
Top Investors in Circular Economy in India
Social Alpha is the top investor in Circular Economy companies in India based on number of companies invested.
Here are some top investors in Circular Economy companies in India:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Bengaluru (India) | ||
Bengaluru (India) | ||
Singapore (Singapore) | - | |
Delhi (India) | ||
Delhi (India) |
M&A activity in Circular Economy sector in India
In the year 2025, till April 2025, 1 acquisition happened in Circular Economy sector in India. Last year, in 2024, a total of 1 acquisition happened in Circular Economy sector in India.
Here are some recent, important acquisitions in Circular Economy sector in India:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Apr 07, 2025 | ||
Business Acquisition | Nov 21, 2024 | ||
Business Acquisition | Nov 30, 2023 | ||
Business Acquisition | Jan 09, 2023 | ||
Acqui-Hired | Jan 24, 2017 |
Acquisition trends in Circular Economy sector in India
Here are the acquisition trends in Circular Economy sector in India:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | 1 |
2024 | 1 |
2023 | 2 |
2022 | - |
2021 | - |
2020 | - |
2019 | - |
2018 | - |
2017 | 1 |
IPOs in Circular Economy in India
In the year 2025, till September 2025, 1 IPO happened in Circular Economy sector in India.
Here are some recent, important IPOs in Circular Economy sector in India:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Sep 30, 2025 | National Stock Exchange (NSE) | |
Sep 16, 2024 | National Stock Exchange (NSE) | |
Jun 26, 2024 | Bombay Stock Exchange (BSE) | |
Oct 06, 2023 | Bombay Stock Exchange (BSE) | |
May 09, 2023 | National Stock Exchange (NSE) |
Colleges which produce the most Circular Economy companies in India
Companies founded by alumni from top colleges in the Circular Economy in India
Most number of Circular Economy startups in India have been founded by alumni from Indian School of Business, BITS Pilani and IIT Bombay.
College | No. of companies |
|---|---|
Indian School of Business | 10 |
BITS Pilani | 9 |
IIT Bombay | 8 |
IIT Kanpur | 8 |
IIT Madras | 8 |
IIT Delhi | 6 |
IIT Roorkee | 5 |
IIT Kharagpur | 4 |
Anna University | 3 |
IIM Bangalore | 3 |
Total funding in Circular Economy companies founded by alumni from top colleges in India
In the last 10 years, IIT Kanpur graduates' Circular Economy companies in India have raised the most funding among top colleges. Harvard Business School alumni are second, and Stanford University alumni are third.
College | Total Funding |
|---|---|
IIT Kanpur | $106M |
Harvard Business School | $91.4M |
Stanford University | $91.3M |
Harvard University | $90.8M |
IIT BHU | $90.8M |
Stanford Business School | $90.8M |
IIM Bangalore | $69.3M |
Indian School of Business | $66.5M |
IIT Delhi | $40.8M |
London Business School (LBS) | $31.1M |
Top News in Circular Economy in India
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Kae Capital's maiden fund gains from Porter & HealthKart exitsLivemint•Nov 11, 2025•RecommerceX, HealthKart, CertaSite, Foxtale and 11 others
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Ardian raises the largest infrastructure fund in its historyExpansion•Sep 24, 2025•Verne, Attero, Ardian, Akuo Energy
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Singularity AMC sees $100B m-cap potential in key sectors showing promiseMoneycontrol•Jun 11, 2025•Sterling And Wilson, Singularity Capital, Lohum
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Aramco Digital & Recykal join forces to drive AI-powered circular economy in Saudi ArabiaManufacturingtodayindia•Mar 05, 2025•Recykal, Aramco Digital
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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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