Indian firm Recykal secures US$22 million funding from Morgan Stanley

Recyckal works with top brands like Unilever, Johnson and Johnson, Amul etc., to solve the Indian waste problem with innovative digital solutions.

Indian firm Recykal secures US$22 million funding from Morgan Stanley
Photo by Alfonso Navarro / Unsplash

Indian waste management firm Recykal announced on Tuesday that it had raised US$22 million in a funding round led by leading investment company Morgan Stanley. At the same time, other investors also participated in the round.

The Hyderabad-based sustainability firm provides consumer brands with innovative and technology solutions to effectively manage their waste. They connect waste generators like consumers and businesses to waste aggregators and recyclers and enable transactions with transparency and traceability.