Recykal pulls $23M bridge to scale Deposit Return Systems across India and crack UK/Europe
Hyderabad-based circular economy platform Recykal raised a $23M bridge from existing investors and family offices, posting ₹1,498 crore FY26 revenue (+53.2%) with losses narrowing from 6% to 4%. Capital funds Deposit Return Systems rollout across Indian states and expansion into UK and Europe.
Hyderabad-based circular economy platform Recykal raised $23M bridge round from existing investors and family offices to scale Deposit Return Systems across Indian states, expand into UK/Europe, and grow its recyclables marketplace serving brands, producers and retailers.