PolyCycl Raises INR 26 Cr To Scale Its Chemical Recycling Tech

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SUMMARY

PolyCycl has raised INR 26 Cr (about $2.8 Mn) in a Series A round from Zerodha’s investment arm Rainmatter to scale its chemical recycling tech stack for plastic waste

The startup intends to utilise the fresh capital to roll out commercial projects in partnership with industrial partners, strengthen its engineering and operations teams as well as support long-term licensing across domestic and global markets

The investment comes at a time when India’s plastic waste problem…



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PolyCycl Raises INR 26 Cr To Scale Its Chemical Recycling Tech


SUMMARY

PolyCycl has raised INR 26 Cr (about $2.8 Mn) in a Series A round from Zerodha’s investment arm Rainmatter to scale its chemical recycling tech stack for plastic waste

The startup intends to utilise the fresh capital to roll out commercial projects in partnership with industrial partners, strengthen its engineering and operations teams as well as support long-term licensing across domestic and global markets

The investment comes at a time when India’s plastic waste problem…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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