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โ โ Can Plastic Waste Build High Quality Homes? This Gujarat Startup Says Yes

YourStoryYourStory ยท 1y ago
โ โ Can Plastic Waste Build High Quality Homes? This Gujarat Startup Says Yes
Medial

Gujarat-based startup Ricron Panels is transforming non-recyclable plastic waste into high-quality building materials using innovative technology. The waterproof, rust-proof, fire-retardant, and heat-resistant sheets are a low-cost alternative to traditional plywood. The panels are 20% cheaper and offer enhanced durability, versatility, and sustainability. Ricron Panels sources waste from ragpickers, empowering the informal waste collection sector. The process saves carbon emissions and generates no additional waste, contributing to a cleaner environment. The startup's approach showcases the power of innovation in addressing environmental challenges and promoting a sustainable future.

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Flipkart Ventures-backed ReCircle raises bridge round

EntrackrEntrackr ยท 1y ago
Flipkart Ventures-backed ReCircle raises bridge round
Medial

Cleantech startup ReCircle has raised an undisclosed amount of investment in a bridge funding round co- led by Venture Catalysts, Mumbai Angels, and high-net-worth individuals (HNIs). The company had previously raised pre Series-A round from Flipkart Ventures, 3i Partners & Acumen Fund Inc The proceeds will be allocated towards diversification, expansion, and launching its own recycling unit in the coming months, ReCircle stated in a press-release. Co- founded in 2016 by Rahul Nainani and Gurashish Singh Sahni, ReCircle aims to solve Indiaโ€™s growing waste problem and empowers consumers and brands to divert waste away from landfills and oceans, and back into the economy to be recycled, reused or repurposed. The startup has introduced flagship initiatives such as ClimaOne, Plastic EPR Service, Plastic Neutral Programs, and Project Extra Life. Its tech-enabled platform, ClimaOne, addresses existing challenges in the ecosystem by building a unified, transparent platform that provides real-time tracking, backed by data analytics and simplifies reporting and compliance. ReCircle intends to work towards ethical circularity, and plans to forward integration into the plastic waste supply chain. This will enable it to provide high-quality, traceable recycled plastic content to companies using plastic packaging. The company aims to achieve a revenue of Rs 100 crore in the next financial year.

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