Upcoming Plastic Recycling Business Raising Funds In NCR
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About Business
Faridabad, NCR-Haryana–based recycle business is raising a ₹1.5 crore seed round to launch India's first tech-enabled, multi-revenue-stream plastic recycling operation. The business is pre-revenue, with a projected Year 1 turnover of ₹3.2 crore and a breakeven target at Month 10 of operations.
The company collects plastic waste from households, RWAs, and retail outlets through a network of 500+ waste pickers using a GPS-tracked mobile app with UPI-linked payments. Collected material is sorted using an AI-based computer vision system capable of distinguishing six plastic types (PET, HDPE, PP, LDPE, PVC, PS) at 95%+ accuracy, then processed at a 2,000 sq ft shredder-and-pelletizer plant in Faridabad into recycled plastic pellets sold to manufacturers at ₹55,000 per MT.
The ₹1.5 crore seed round will be deployed as follows: ₹67.5L (45%) on plant and machinery, ₹30L (20%) on working capital, ₹18L (12%) on AI sorting and app technology, ₹10.5L (7%) on team hiring, and the remainder on marketing, legal, and contingency. The fundraising is structured as an equity round. Investors are projected a 5–8x return over five years, with a Year 5 revenue target of ₹142 crore across 10,000 MT/month processing capacity and a potential exit via strategic acquisition or IPO by Year 6.
About the founder:
The founder is a first-generation entrepreneur based in Delhi NCR with a strong interest and self-developed expertise in India's plastic recycling and circular economy sector. Over several months, extensive research has been conducted across market dynamics, regulatory frameworks, revenue models, and operational requirements related to the recycling industry.
The founder brings a lean, resourceful, and problem-solving mindset and is currently working with advisors to complete company registration and prepare for launch.
Clientele type
They will be targeting various plastric products manufactureres.
Premises
The premises will be leased.
Asking Price Includes
The terms of the transaction will be discussed with potential investors.
Asking Price
INR 1.50 Cr
Minimum ticket size
INR 1.50 Cr
Reason
They are raising funds to establish the business
Keywords
Business Tags
Fundraising for ₹10 Cr – 500 Cr
Confidential Process Completed in 120 Days
Strategic Preparation, Aligned Investor Outreach and Seamless Closure
Supported by Advisors with 26+ Years of Experience
