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Radar · Solid Waste Management Tech in India

Best Solid Waste Management Tech Companies in India

The 314 best Solid Waste Management Tech companies in India in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Lohum.

314companies tracked
$404.3Mdisclosed funding
0unicorns
99have raised

Ranking the best Solid Waste Management Tech companies in India by disclosed equity funding, this directory tracks 314 ventures sitting on $404M in total disclosed capital, and the revenue picture underneath that funding is what you actually want to see. Across 183 filers, the combined revenue pool hits $1.3B, with a median of roughly $197K per company and median YoY growth of 36%. That growth rate isn't hype. Rapidue Technologies ($114M, +37% YoY), Zeco Green ($113M, +128% YoY), Attero Recycling ($112M, +116% YoY), and Gps Renewables ($110M, +110% YoY) are the four biggest earners, each clearing nine figures on their own. The global solid waste management market was valued near $285.2B in 2019 and is forecast to reach $379.1B by 2028, growing at a 3.3% CAGR, driven by urbanization and IoT-enabled infrastructure. India's slice of that buildout is moving fast.

The profitability story is where I'd focus your attention. The sector median net income sits at just $17,612, which sounds thin, until you see Sfc Environmental Technologies posting $18M in net income, roughly 1,006 times that median. Gps Renewables clears $3M in net profit (159x median), and Evergreen Recyclekaro comes in at $3M as well (147x). So who's actually printing money here? A very small cluster of operators with scale and discipline, while the broader field is still finding its floor. Lohum leads the funding leaderboard at $63M, with Metalbook at $27M and Gps Renewables at $20M rounding out the top tier. Investors like Social Alpha and Villgro are the most active backers, signaling continued early-stage conviction in this sector's long-term compounding potential.

Sources & further reading
  • The Business Research Company

Ranked: Best Solid Waste Management Tech companies in India

#CompanyRevenueDisclosed fundingLast roundTech stackWeb popularityMarket signals (1y)Patents & IP focusRecent signals
1Metalbook
B2B platform for metal sourcing, recycling, contract manufacturing, and financing
90Growth top 17%Moat top 18%Funding top 22%Market top 23%
All 9 signals ▾
Growthtop 17%
Moattop 18%
Fundingtop 22%
Markettop 23%
Fin. healthtop 28%
Talenttop 28%
Techtop 41%
Globalbottom 48%
Productbottom 48%
Growth: Revenue +67% YoY · Fresh capital in last 24 mo
Moat: Top 1% by revenue among 262 tracked Manufacturing Tech companies · 9 curated direct competitors tracked
rank vs industry peers · Fliar Intelligence Index 90/100
$158M
FY2025
$27M15 mo agoApple iCloud MailNode.jsRadix UI+20Top 500k———
2Recykal
Provider of digital solutions for sustainable waste management
$117M
FY2025
$41M27 mo agoWordPressMySQLPHP+39Top 5M——1 launch · 1 award
3Attero
Provider of e-waste and lithium-ion battery recycling
$114M
FY2025
$31M147 mo agoNode.jsUbuntuTailwind CSS+18Top 5M———
4GPS Renewables
Provider of biogas engineering and clean fuels technology solutions
69Growth top 24%Moat top 27%Funding top 33%Fin. health top 33%
All 13 signals ▾
Growthtop 24%
Moattop 27%
Fundingtop 33%
Fin. healthtop 33%
Techtop 34%
Talenttop 35%
Markettop 40%
Newstop 40%
Producttop 49%
Globalbottom 44%
Partnersbottom 42%
Patentsbottom 38%
Innovationbottom 34%
Growth: Headcount 291 → 640 (+120%) across vintages · Fresh capital in last 24 mo
Moat: Top 1% by revenue among 174 tracked Solid Waste Management Tech companies · Editorial + unicorn rating 7/10
rank vs industry peers · Fliar Intelligence Index 69/100
$114M
FY2025
$20M2 mo agoWordPress Block EditorWordPressMySQL+21Top 5M4 signals ▲33%
Leadership · Capital raise · Contracts
2 patents
Patents concentrated in chemistry & materials
—
5Lohum
Recycles lithium-ion batteries and repurposes battery raw materials through low-carbon refining
72Moat top 20%Funding top 27%Talent top 28%Partners top 32%
All 10 signals ▾
Moattop 20%
Fundingtop 27%
Talenttop 28%
Partnerstop 32%
Growthtop 34%
Techtop 36%
Markettop 40%
Fin. healthtop 47%
Newstop 48%
Globalbottom 39%
Moat: Top 1% by revenue among 393 tracked Energy Storage Tech companies · Editorial + unicorn rating 8/10
Funding: Raised $62.5M across 13 rounds · 13 rounds over 8 yrs (1.6/yr)
rank vs industry peers · Fliar Intelligence Index 72/100
$99M
FY2025
$63M8 mo agoWordPressMySQLPHP+29Top 5M7 signals ▼59%
Regulatory · Announcements · Capital raise
—1 award
6JB Ecotex
Manufacturer of recycled polyester staple fiber and food grade resins
67Fin. health top 29%Market top 30%Moat top 30%Tech top 33%
All 9 signals ▾
Fin. healthtop 29%
Markettop 30%
Moattop 30%
Techtop 33%
Talenttop 38%
Fundingtop 50%
Growthbottom 48%
Newsbottom 41%
Globalbottom 37%
Fin. health: Revenue ~$84.9M (FY2024) · Net margin 4.0%
Market: 279 employees (top 17% of Sustainability Tech) · Revenue ~$84.9M
rank vs industry peers · Fliar Intelligence Index 67/100
$85M
FY2025
$5M8 mo agoWordPressMySQLPHP+26Top 5M———
7Gruner Renewable
Provider of sustainable energy solutions from waste
80Growth top 16%Moat top 21%Fin. health top 25%Market top 33%
All 8 signals ▾
Growthtop 16%
Moattop 21%
Fin. healthtop 25%
Markettop 33%
Fundingtop 33%
Techtop 42%
Talentbottom 49%
Globalbottom 30%
Growth: Headcount 28 → 136 (+386%) across vintages · Revenue +464% YoY
Moat: Top 5% by revenue among 174 tracked Solid Waste Management Tech companies · Editorial + unicorn rating 4/10
rank vs industry peers · Fliar Intelligence Index 80/100
$28M
FY2025
$60M22 mo agoNode.jsUbuntuBootstrap+12Top 5M——1 award
8Srichakra
Provider of plastic waste recycling, offering products, solutions, and equipment
$27M
FY2025
$9M16 mo agoWordPress Block EditorElementorWordPress+17Top 10M———
9Recyclekaro
Provider of e-waste, battery, vehicle, and office equipment recycling services
69Growth top 22%Fin. health top 25%Moat top 25%News top 30%
All 9 signals ▾
Growthtop 22%
Fin. healthtop 25%
Moattop 25%
Newstop 30%
Talenttop 38%
Fundingtop 39%
Markettop 48%
Techtop 50%
Globalbottom 37%
Growth: Revenue +75% YoY · Fresh capital in last 24 mo
Fin. health: Revenue ~$26.1M (FY2023) · Net margin 8.5%
rank vs industry peers · Fliar Intelligence Index 69/100
$26M
FY2025
$3M4 mo agoWordPressMySQLPHP+17Top 10M5 signals
Regulatory · Capital raise · Announcements
——
10Lucro
Provider of post-consumer plastic waste collection, recycling, and product manufacturing
55Moat top 25%Fin. health top 36%Market top 39%Growth top 43%
All 10 signals ▾
Moattop 25%
Fin. healthtop 36%
Markettop 39%
Growthtop 43%
Talenttop 45%
Fundingtop 48%
Partnersbottom 43%
Techbottom 37%
Globalbottom 37%
Newsbottom 20%
Moat: Top 7% by revenue among 174 tracked Solid Waste Management Tech companies · Editorial + unicorn rating 7/10
Fin. health: Revenue ~$24.1M (FY2021) · Net margin 3.7%
rank vs industry peers · Fliar Intelligence Index 55/100
$24M
FY2025
$10M14 mo agoWindows ServerMicrosoft ASP.NETBootstrap+12Top 5M——2 awards
11Dalmia Polypro Industries
Provider of recycled plastic flakes and granules from post-consumer waste.
$20M
FY2025
$9M17 mo agoCart FunctionalityWixSentry+19Top 10M——2 job openings
12Let's Recycle
Dry Waste Management Services Provider
$15M
FY2025
$39M36 mo agoPleskPHPBootstrap+16Top 10M———
13Phool
D2C eco-friendly brand turning temple flower waste into luxury incense and wellness products
$9M
FY2025
$13M50 mo agoCart FunctionalityShopifyBootstrap+24Top 500k———
14EcoEx
Cloud-based platform for exchange of plastic credit certificates
64Fin. health top 23%Innovation top 34%Moat top 34%Talent top 38%
All 10 signals ▾
Fin. healthtop 23%
Innovationtop 34%
Moattop 34%
Talenttop 38%
Techtop 40%
Growthtop 41%
Producttop 43%
Marketbottom 47%
Fundingbottom 46%
Globalbottom 37%
Fin. health: Revenue ~$6.9M (FY2020) · Net margin 19.1%
Innovation: 12 product lines
rank vs industry peers · Fliar Intelligence Index 64/100
$7M
FY2025
$4M8 mo agoWordPressMySQLPHP+31Top 10M——1 launch
15WeVOIS Labs
Provider of eco-friendly waste management services
$6M
FY2025
$4M17 mo agoTypeScriptFirebaseUIKit+12Top 5M———
16RecommerceX
Manufacturer of steel and plastic products from recycled industrial materials
42Talent top 28%Moat top 35%Funding top 45%Growth top 45%
All 9 signals ▾
Talenttop 28%
Moattop 35%
Fundingtop 45%
Growthtop 45%
Techbottom 47%
Marketbottom 44%
Fin. healthbottom 37%
Globalbottom 32%
Newsbottom 18%
Talent: 3 named leaders on record · 3 C-suite/founder profiles curated
Moat: Top 20% by revenue among 174 tracked Solid Waste Management Tech companies · Editorial + unicorn rating 4/10
rank vs industry peers · Fliar Intelligence Index 42/100
$5M
FY2025
$4M7 mo agoWordPress Block EditorElementorWordPress+31Top 10M——2 job openings
17ReCircle
Provider of waste management and recycling solutions for businesses and individuals
$4M
FY2025
$692K24 mo agoWordPressZohoMySQL+18Top 5M———
18BatX Energies
Provider of lithium-ion battery recycling services producing battery grade materials
$4M
FY2025
$7M17 mo agoWordPressMySQLPHP+22Top 10M—3 patents
Lithium‑ion battery recycling and precursor material production from spent battery black mass
—
19Lico
It is a lithium-ion battery recycling company focused on recycling end-of-life lithium-ion batteries
32Product top 50%Growth bottom 49%Talent bottom 49%Market bottom 46%
All 10 signals ▾
Producttop 50%
Growthbottom 49%
Talentbottom 49%
Marketbottom 46%
Innovationbottom 45%
Globalbottom 45%
Fundingbottom 43%
Fin. healthbottom 33%
Techbottom 29%
Newsbottom 21%
Product: 0 product launch events in 12 mo, 1 the year before · 12 distinct product lines
Growth: Revenue +5% YoY · Web rank 50,000,000 → 10,000,000 YoY
rank vs industry peers · Fliar Intelligence Index 32/100
$3M
FY2025
$3M1 mo agoWordPressMySQLPHP+16Top 10M——1 job opening
20Wastelink
Provider of food waste upcycling and circular economy platform
$3M
FY2025
$2M9 mo agoWordPressMySQLPHP+19Top 500k5 signals
Funding
——
21Ecoil
Provides tech based solutions for recycling used cooking oil
55Growth top 25%Talent top 28%News top 38%Moat top 42%
All 9 signals ▾
Growthtop 25%
Talenttop 28%
Newstop 38%
Moattop 42%
Fundingtop 46%
Techtop 46%
Fin. healthbottom 48%
Marketbottom 40%
Globalbottom 37%
Growth: Revenue +41% YoY · Fresh capital in last 24 mo
Talent: 4 named leaders on record · 4 C-suite/founder profiles curated
rank vs industry peers · Fliar Intelligence Index 55/100
$3M
FY2025
$361K2 mo agoChart.jsYouTubeBootstrap+19Top 5M3 signals ▲200%
Funding · Capital raise
——
22Zerund brick
Manufacturer and supplier of bricks
$2M
FY2025
$976K20 mo ago—————
23REGRIP
Provider of comprehensive solutions for fleet owners, efficiently managing tyre inventory, retreading, and…
53Growth top 18%News top 42%Fin. health top 42%Tech top 43%
All 10 signals ▾
Growthtop 18%
Newstop 42%
Fin. healthtop 42%
Techtop 43%
Moattop 46%
Fundingtop 47%
Talentbottom 49%
Productbottom 40%
Globalbottom 37%
Marketbottom 32%
Growth: Revenue +119% YoY · Fresh capital in last 24 mo
News: 2 BI events in 12 mo (of 12 tracked, 3 types) · Top themes: Funding, Regulatory
rank vs industry peers · Fliar Intelligence Index 53/100
$2M
FY2025
$2M4 mo agoWordPress Block EditorElementorWordPress+26Top 10M——1 launch
24Ishitva Robotic Systems
AI‑driven robotic and vision‑based sorting systems for waste‑management, recycling, and food‑processing…
$2M
FY2025
$1M8 mo agoWordPressMySQLPHP+28Top 10M—12 patents
Automated air‑based material detection and sorting systems for waste/recycling handling
1 job opening
25ScrapUncle
Provider of a digital recycling platform
$2M
FY2025
$520K11 mo agoGoogle MapsIonicBootstrap+23Top 1M6 signals
Funding · Capital raise
——
26PadCare Labs
Manufacturer of sanitary waste disposal bins and recycling processing systems
55Growth top 21%News top 34%Moat top 37%Innovation top 46%
All 12 signals ▾
Growthtop 21%
Newstop 34%
Moattop 37%
Innovationtop 46%
Fin. healthtop 47%
Techtop 48%
Patentstop 50%
Talentbottom 49%
Marketbottom 47%
Fundingbottom 46%
Productbottom 39%
Globalbottom 37%
Growth: Headcount 40 → 92 (+130%) across vintages · Fresh capital in last 24 mo
News: 3 BI events in 12 mo (of 10 tracked, 3 types) · Top themes: Funding, Capital raise
rank vs industry peers · Fliar Intelligence Index 55/100
$2M
FY2025
$1M6 mo agoUbuntuYouTubeBootstrap+21Top 5M3 signals
Funding · Capital raise
5 patents
Portable smart devices for sanitary waste collection and disposal
1 award
27Carbon Masters
Provider of carbon footprinting software and Net Zero consulting services
53Growth top 32%Innovation top 34%Product top 36%Fin. health top 38%
All 10 signals ▾
Growthtop 32%
Innovationtop 34%
Producttop 36%
Fin. healthtop 38%
Talenttop 38%
Newstop 44%
Techtop 48%
Fundingbottom 45%
Globalbottom 45%
Marketbottom 29%
Growth: Revenue +53% YoY · Fresh capital in last 24 mo
Innovation: 5 product lines
rank vs industry peers · Fliar Intelligence Index 53/100
$2M
FY2025
$2M8 mo agoWordPressMySQLPHP+17Top 50M———
28Carbonlites
Biogas digester developer and bio-CNG producer
$2M
FY2025
$406K15 mo agoBootstrapAmazon Web ServicesCloudflare+11Top 10M———
29MiniMines
Provider of lithium-ion battery recycling and commodity extraction clean-tech solutions
53Growth top 18%Talent top 38%Moat top 41%Innovation top 43%
All 10 signals ▾
Growthtop 18%
Talenttop 38%
Moattop 41%
Innovationtop 43%
Fundingtop 43%
Producttop 46%
Fin. healthbottom 47%
Techbottom 42%
Globalbottom 37%
Marketbottom 34%
Growth: Revenue +601% YoY · Fresh capital in last 24 mo
Talent: 2 named leaders on record · 2 C-suite/founder profiles curated
rank vs industry peers · Fliar Intelligence Index 53/100
$1M
FY2025
$5M9 mo ago—Top 10M——2 job openings
30The Kabadiwala
Digital platform offering door to door scrap collection and recycling services
27Customers top 22%Moat top 26%Talent top 38%Funding top 45%
All 10 signals ▾
Customerstop 22%
Moattop 26%
Talenttop 38%
Fundingtop 45%
Growthbottom 42%
Marketbottom 40%
Productbottom 40%
Techbottom 37%
Globalbottom 37%
Fin. healthbottom 20%
Customers: App rating 4.2★ (1,948 reviews)
Moat: Top 13% by revenue among 415 tracked Local Services companies · Editorial + unicorn rating 5/10
rank vs industry peers · Fliar Intelligence Index 27/100
$1M
FY2025
$3M9 mo agoMicrosoft ASP.NETBlazorAzure+7Top 1M———
31Bintix
Platform utilizing technology to collect, tag, and analyze household dry waste for recycling purposes
$1M
FY2025
$201K8 mo agoTypeScriptChart.jsUbuntu+15Top 10M———
32Ricron Panels
Manufacturer of building materials for construction solutions
$851K
FY2025
$2M25 mo agoPHPVimeoYouTube+16Top 50M———
33Recove
Provider of pre-processed recycled plastic raw materials for the recycling industry
$493K
FY2025
$597K8 mo agoShopifyLayersReact+7Top 50M——1 job opening
34Brisil Technologies
Manufacturer and supplier of precipitated silica for various industrial and consumer applications using…
$452K
FY2025
$420K9 mo agoWordPressMySQLPHP+15Top 10M———
35APChemi
Provider of pyrolysis & pyoil purification services
$237K
FY2025
$515K15 mo agoCart FunctionalityWix eCommerceWix+19Top 10M———
36Strawcture
Designs and manufactures building structures and materials
$194K
FY2025
$416K19 mo agoWordPressMySQLPHP+18Top 50M———
37GreenJams
Manufacturer of carbon-negative building materials
$120K
FY2025
$369K12 mo agoCart FunctionalityWordPressMySQL+27Top 50M——1 job opening · 1 launch
383R ZeroWaste
Provider of integrated waste management and recycling solutions
$109K
FY2025
$14K7 mo agoWordPressMySQLPHP+28Top 50M——5 launchs
39AltMat
Manufacturer of sustainable material science solutions converting agricultural waste into natural textile…
$104K
FY2025
$1M8 mo agoWordPressMySQLPHP+25Top 10M———
40ElementRe Technologies
Provider of end-to-end lithium-ion battery recycling solutions
$90K
FY2025
$2M34 mo ago—————
41Neo San
Provider of solutions for decentralised reject-waste incinerator
$60K
FY2025
$2M25 mo agoWordPressMySQLPHP+16Top 50M——1 partnership
42Dharaksha Ecosolutions
Manufacturer of biodegradable packaging material produced from crop stubble waste
$55K
FY2025
$3M25 mo agoWix eCommerceWixSentry+14Top 10M———
43PolyCycl
Patented technology for conversion of low-grade waste plastics into valuable feedstocks for a…
40Innovation top 28%Growth top 32%Funding top 44%News bottom 49%
All 11 signals ▾
Innovationtop 28%
Growthtop 32%
Fundingtop 44%
Newsbottom 49%
Talentbottom 49%
Productbottom 45%
Techbottom 41%
Moatbottom 38%
Globalbottom 37%
Fin. healthbottom 33%
Marketbottom 26%
Innovation: 3 new-product events in 24 mo · Deep-tech classification: Tech Hardware
Growth: Revenue +77% YoY · Fresh capital in last 24 mo
rank vs industry peers · Fliar Intelligence Index 40/100
$37K
FY2025
$1M4 mo agoWebflowLiteSpeedcore-js+10Top 50M3 signals
Funding · Capital raise
—1 job opening
44BacAlt BioSciences
Manufacturer of biopolymers derived from processed post harvest crop residues
$27K
FY2025
$2M9 mo agoFramer SitesReactLenis+5Top 50M3 signals
Funding
——
45Beyond Renewables
Provider of solar panel recycling and waste management solutions
$10K
FY2025
$566K7 mo agoWordPressMySQLPHP+10Top 50M———
46Apratima Biosolutions
Biotechnology solutions focused on enzyme engineering and AI-driven biological innovation
$8K
FY2025
$58K12 mo agolit-htmllit-elementClosure Library+2Top 50M———
47Mankomb
Developer of AI-powered sustainable home and waste management appliances
48Growth top 28%Talent top 28%Tech top 44%AI top 45%
All 7 signals ▾
Growthtop 28%
Talenttop 28%
Techtop 44%
AItop 45%
Fundingbottom 45%
Globalbottom 32%
Marketbottom 22%
Growth: Web rank 50,000,000 → 10,000,000 YoY · Fresh capital in last 24 mo
Talent: 3 named leaders on record · 3 C-suite/founder profiles curated
rank vs industry peers · Fliar Intelligence Index 48/100
—$450K7 mo agoHostinger Website BuilderAstroVue.js+15Top 10M———
48Recyclaro.com
Provider of a platform for trading and managing industrial recyclables
—$1M12 mo ago—————
49Climitra
Manufacturer of bio-coal produced from processed waste biomass for industry
—$541K12 mo agoTurbopackNode.jsThree.js+9Top 50M——3 job openings · 1 internship

Top 12 Solid Waste Management Tech companies in India

#1
Series B · Bengaluru, Karnataka · founded 2012 · 640 employees
$20Mraised
▾

Provider of biogas engineering and clean fuels technology solutions. It offers bespoke technology solutions for bio-process design and optimization, and biofuel engineering for various projects. The company executes end-to-end bioenergy project execution, encompassing design, engineering, project management, and procurement. It also develops industrial-scale decarbonization projects focused on biogas, bioCNG, ethanol, and green hydrogen. Additionally, it provides cost-efficient, high-performing technology products for upgrading existing biofuel systems.

Fliar Intelligence Index™ 69how this company ranks against its industry peers
Growth
top 24%
Moat
top 27%
Funding
top 33%
Fin. health
top 33%
Tech
top 34%
Talent
top 35%
Growth: Headcount 291 → 640 (+120%) across vintages · Fresh capital in last 24 mo
Moat: Top 1% by revenue among 174 tracked Solid Waste Management Tech companies · Editorial + unicorn rating 7/10 · IP moat: 2 patents
Funding: Raised $20.0M across 5 rounds · 5 rounds over 12 yrs (0.4/yr) · Last round Conventional Debt (Mar 2026)
Audience (LinkedIn): 40k LinkedIn followers — 6.3% of this cohort's audience
Funding rounds
  • Mar 2026Conventional Debt—
  • Apr 2024Conventional Debt$50M
  • Sep 2023Series B$5.4M
  • Mar 2022Series B$10.5M
Founders & team
Praveen SukumaranCo-Founder & Head New Product DevelopmentMainak ChakrabortyCo-Founder & CEOSreekrishna SankarCo-Founder & COO
Investors
Punjab National Bank, HDFC Bank, Yes Bank, Kotak Mahindra Bank, ICICI Bank, Citi
Tech stack
Alpine.JsAnimate.CssApache Http ServerAstraBackbone.JsChoices
#2
Series B · Noida, Uttar Pradesh · founded 2018 · 317 employees
$62.5Mraised
▾

Recycles lithium-ion batteries and repurposes battery raw materials through low-carbon refining. The company provides single-point lithium-ion battery recycling and reuse solutions. It recovers and recirculates critical battery raw materials, lowering battery costs and reducing reliance on mining. The company offers battery lifecycle management solutions, including recycling used batteries, determining residual value, and facilitating Extended Producer Responsibility (EPR) partnerships. It produces energy storage applications, batteries for low power e-mobility, and high-purity battery raw materials. The company addresses challenges related to battery metal depletion, rising battery waste, geo-disparity of raw materials, reverse logistics, and transparency in refining and recycling.

Fliar Intelligence Index™ 72how this company ranks against its industry peers
Moat
top 20%
Funding
top 27%
Talent
top 28%
Partners
top 32%
Growth
top 34%
Tech
top 36%
Moat: Top 1% by revenue among 393 tracked Energy Storage Tech companies · Editorial + unicorn rating 8/10 · Soonicorn
Funding: Raised $62.5M across 13 rounds · 13 rounds over 8 yrs (1.6/yr) · Last round Series B (Oct 2025)
Talent: 4 named leaders on record · 3 C-suite/founder profiles curated
Audience (LinkedIn): 28k LinkedIn followers — 4.3% of this cohort's audience
Activity (LinkedIn): 1 awards announced in 12 mo
Funding rounds
  • Oct 2025Series B$11.3M
  • Jan 2025Series B$1.3M
  • Dec 2024Series B$200.8K
  • Oct 2024Series B$12.5M
Founders & team
Gazanfar SafaviHead of RecyclingJustin LemmonCo-FounderRajat VermaCo-Founder & Co-CEO
Investors
Stride Ventures, Baring Private Equity Partners, Vyoman India, Cactus Venture Partners, Ventureast, Duo Design
Tech stack
Animate.CssApache Http ServerBootstrap IconsCdnjsCloudflareElementor
#3
Funding Raised · Mumbai, Maharashtra · founded 2021
$2.6Mraised
▾

LICO is a lithium-ion battery recycling company based in India. They focus on recycling end-of-life lithium-ion batteries and contribute to the sustainability of the battery supply chain ecosystem.

Fliar Intelligence Index™ 32how this company ranks against its industry peers
Product
top 50%
Growth
bottom 49%
Talent
bottom 49%
Market
bottom 46%
Innovation
bottom 45%
Global
bottom 45%
Product: 0 product launch events in 12 mo, 1 the year before · 12 distinct product lines · Company stage: Grant (prize money)
Growth: Revenue +5% YoY · Web rank 50,000,000 → 10,000,000 YoY · Fresh capital in last 24 mo
Talent: 1 named leader on record · 1 C-suite/founder profile curated
Audience (LinkedIn): 9k LinkedIn followers
Hiring (LinkedIn): 1 hiring post in 12 mo (public) · hiring: Sourcing Manager
Funding rounds
  • May 2026Grant (prize money)$2.6M
Founders & team
Gaurav DolwaniFounder & CEO
Investors
Mines
Tech stack
Apache Http ServerContact Form 7Core-JsElementorGoogle AnalyticsGoogle Font Api
#4
Series A · Navi Mumbai, Maharashtra · founded 2010 · 23 employees
$3.5Mraised
▾

Provider of e-waste, battery, vehicle, and office equipment recycling services. The company focuses on recycling waste and extracting resources for manufacturers. It offers solutions for battery extended producer responsibility. The business refines technology and optimizes processes to provide sustainable solutions.

Fliar Intelligence Index™ 69how this company ranks against its industry peers
Growth
top 22%
Fin. health
top 25%
Moat
top 25%
News
top 30%
Talent
top 38%
Funding
top 39%
Growth: Revenue +75% YoY · Fresh capital in last 24 mo
Fin. health: Revenue ~$26.1M (FY2023) · Net margin 8.5% · Revenue +75% YoY
Moat: Top 7% by revenue among 174 tracked Solid Waste Management Tech companies · Editorial + unicorn rating 7/10 · Soonicorn
Funding rounds
  • Feb 2026Series A$3.9M
  • Apr 2025Series A$5.6M
  • Oct 2024Series A$5.3M
  • Apr 2022Series A$1.5M
Founders & team
Rajesh GuptaFounder & Managing DirectorPrassann DaphalCEO
Investors
Clarion, Ascent Capital, J M Global Equities, Vanshika Chemicals, Ceramet Consultants, Khandwala Finstock
Tech stack
Apache Http ServerCdnjsCloudflareCore-JsElementorEssential Addons For Elementor
#5
Seed · Jaipur, Rajasthan · founded 2021 · 5 employees
$2.3Mraised
▾

Provider of comprehensive solutions for fleet owners, efficiently managing tyre inventory, retreading, and disposal. The company leverages technology to streamline processes, minimize environmental impact, and promote sustainability. It offers tyre management, retreading, and disposal services, striving to minimize tyres ending up in landfills through maximized recycling efforts. The aim is to optimize fleet performance, reduce operational costs, enhance safety, and prolong tyre lifespan, all while advancing sustainability and contributing to a circular economy. ```

Fliar Intelligence Index™ 53how this company ranks against its industry peers
Growth
top 18%
News
top 42%
Fin. health
top 42%
Tech
top 43%
Moat
top 46%
Funding
top 47%
Growth: Revenue +119% YoY · Fresh capital in last 24 mo
News: 2 BI events in 12 mo (of 12 tracked, 3 types) · Top themes: Funding, Regulatory
Fin. health: Revenue ~$2.0M (FY2025) · Net margin 1.4% · Revenue +119% YoY
Audience (LinkedIn): 3k LinkedIn followers
Activity (LinkedIn): 1 product launches announced in 12 mo
Funding rounds
  • Jan 2026Seed$1.7M
  • Jan 2026Conventional Debt$545.3K
  • Feb 2024Seed$2M
  • Nov 2023Seed$589K
Founders & team
Tushar SuhalkaFounder
Investors
Soonicorn Ventures, SiriusOne, Inflection Point Ventures, LetsVenture, IIMA Ventures, IVY Growth Associates
Tech stack
All In One SeoCloudflareCloudflare Bot ManagementCloudflare Browser InsightsContact Form 7Core-Js
#6
Series A · Delhi, Delhi · founded 2021
$27.3Mraised
▾

B2B platform for metal sourcing, recycling, contract manufacturing, and financing. It connects suppliers and buyers with real-time pricing, seamless logistics, and sustainable solutions to streamline the metal supply chain. It serves industries from construction and automotive to aerospace and renewable energy, it offers real-time commodity prices, quality assurance, and traceable supply chains.

Fliar Intelligence Index™ 90how this company ranks against its industry peers
Growth
top 17%
Moat
top 18%
Funding
top 22%
Market
top 23%
Fin. health
top 28%
Talent
top 28%
Growth: Revenue +67% YoY · Fresh capital in last 24 mo
Moat: Top 1% by revenue among 262 tracked Manufacturing Tech companies · 9 curated direct competitors tracked
Funding: Raised $27.3M across 4 rounds · 4 rounds over 4 yrs (1.0/yr) · Last round Venture Debt (Mar 2025)
Funding rounds
  • Mar 2025Venture Debt—
  • Feb 2025Series A$4.3M
  • Apr 2024Conventional Debt$3M
  • Jun 2023Series A$15M
Founders & team
Pulkit BaldevCo-FounderAman TibrewalCo-FounderRaghavendra SinghCo-Founder
Investors
VentureSoul, RTP Global, Foundamental, Stride Ventures, A Paul QCM, Axilor Ventures
Tech stack
Amazon CloudfrontAmazon Web ServicesApple Icloud MailCalendlyCloudflareCloudflare Bot Management
#7
Series A · Noida, Uttar Pradesh · founded 2024
$3.6Mraised
▾

Manufacturer of steel and plastic products from recycled industrial materials. The company specializes in producing stainless steel, alloy steel, and advanced engineering polymers. These materials cater to industries including automotive, pharmaceuticals, oil and gas, and chemicals. It supplies compliant and traceable engineering materials, ensuring reliability for customer operations.

Fliar Intelligence Index™ 42how this company ranks against its industry peers
Talent
top 28%
Moat
top 35%
Funding
top 45%
Growth
top 45%
Tech
bottom 47%
Market
bottom 44%
Talent: 3 named leaders on record · 3 C-suite/founder profiles curated
Moat: Top 20% by revenue among 174 tracked Solid Waste Management Tech companies · Editorial + unicorn rating 4/10 · 9 curated direct competitors tracked
Funding: Raised $3.6M across 2 rounds · 2 rounds over 2 yrs (1.0/yr) · Last round Series A (Nov 2025)
Audience (LinkedIn): 1k LinkedIn followers
Hiring (LinkedIn): 4 hiring posts in 12 mo (public) · momentum +1 · hiring: Deputy Manager/Manager – Human Resources, Customer Sales Executive
Funding rounds
  • Nov 2025Series A$6M
  • Aug 2024Seed$3.6M
Founders & team
Ajay GuptaCo-FounderMohit GulyaniCo-Founder & CBOShobhit GoelCo-Founder & CEO
Investors
Accel, Kae Capital
Tech stack
Chart.JsContact Form 7Core-JsElementorGoogle AnalyticsGoogle Font Api
#8
Seed · Surat, Gujarat · founded 2012 · 279 employees
$4.8Mraised
▾

Manufacturer of recycled polyester staple fiber and food grade resins. Operations involve processing post-consumer plastic waste into materials for textile production and packaging applications. Mechanical and chemical recycling methods remove contaminants to produce flakes and granules. These outputs serve as raw materials for manufacturing apparel, automotive components, home furnishings, and beverage containers. The production process includes washing, crushing, and decontamination to ensure material consistency for industrial use.

Fliar Intelligence Index™ 67how this company ranks against its industry peers
Fin. health
top 29%
Market
top 30%
Moat
top 30%
Tech
top 33%
Talent
top 38%
Funding
top 50%
Fin. health: Revenue ~$84.9M (FY2024) · Net margin 4.0%
Market: 279 employees (top 17% of Sustainability Tech) · Revenue ~$84.9M · ~6% of tracked Solid Waste Management Tech revenue (174 cos, FY2025)
Moat: Top 3% by revenue among 174 tracked Solid Waste Management Tech companies · Editorial + unicorn rating 1/10
Audience (LinkedIn): 8k LinkedIn followers
Funding rounds
  • Sep 2025Seed$2.7M
  • Mar 2025Angel$2.1M
Founders & team
Ayodhyaprasad SinghalCo-Founder & DirectorJitendrakumar AryaCo-Founder
Investors
Carnelian, Big Leap Innovations, MCH Group, Shubhalakshmi Polyesters, Nandico
Tech stack
Google AnalyticsGoogle Tag ManagerHostingerHttp/3Microsoft 365Next.Js
#9
Series A · Bengaluru, Karnataka · founded 2020 · 11 employees
$4.5Mraised
▾

Provider of lithium-ion battery recycling and commodity extraction clean-tech solutions. The company develops processes to obtain commodities from end-of-life lithium-ion batteries and battery manufacturing scrap. It offers a hybrid hydrometallurgy process for recycling lithium-ion batteries. The company aims to provide battery-grade materials for re-entry into the supply chain.

Fliar Intelligence Index™ 53how this company ranks against its industry peers
Growth
top 18%
Talent
top 38%
Moat
top 41%
Innovation
top 43%
Funding
top 43%
Product
top 46%
Growth: Revenue +601% YoY · Fresh capital in last 24 mo
Talent: 2 named leaders on record · 2 C-suite/founder profiles curated
Moat: Top 33% by revenue among 174 tracked Solid Waste Management Tech companies · Editorial + unicorn rating 4/10 · 9 curated direct competitors tracked
Audience (LinkedIn): 5k LinkedIn followers
Hiring (LinkedIn): 4 hiring posts in 12 mo (public) · momentum +2 · hiring: Plant Operators, Program Associate (Generalist)
Activity (LinkedIn): 1 partnerships (incl. Amrita School of Nanosciences and Molecular Medicine) announced in 12 mo
Funding rounds
  • Sep 2025Grant (prize money)$487.9K
  • Mar 2024Series A$4.9M
  • Jan 2024Seed$33.3K
Founders & team
Anupam KumarCo-Founder & CEOArvind BhardwajFounder
Investors
ACT Grants, UNIDO, Oil India, Shastra, Micelio, Beenext
Tech stack
CdnjsCloudflareElementorGoogle Font ApiGoogle Tag ManagerGravity Forms
#10
Seed · Delhi, Delhi · founded 2020 · 27 employees
$4Mraised
▾

Cloud-based platform for exchange of plastic credit certificates. EcoEx is a tech-enabled environmental services company committed to transforming waste management by using innovative technology platforms for better traceability to improve sustainability. Our platform offers expertise in waste collection, waste commodity trading, and EPR services. Bulk waste generators and certified recyclers can do seamless transactions to achieve ethical disposal and compliance norms by using our technology tools such as EPR Pro, B2B E-marketplace and mobile apps. Our tech-driven compliance solutions can be used for plastic, e-waste, tyre, batteries, used-oil and other waste materials falling under EPR ambit. Additionally, it also offers expert consulting services for registration and annual return filing in CPCB Portal and ESG initiatives, BRSR reporting.

Fliar Intelligence Index™ 64how this company ranks against its industry peers
Fin. health
top 23%
Innovation
top 34%
Moat
top 34%
Talent
top 38%
Tech
top 40%
Growth
top 41%
Fin. health: Revenue ~$6.9M (FY2020) · Net margin 19.1% · Revenue +168% YoY
Innovation: 12 product lines
Moat: Top 17% by revenue among 174 tracked Solid Waste Management Tech companies · Editorial + unicorn rating 4/10 · 9 curated direct competitors tracked
Audience (LinkedIn): 13k LinkedIn followers — 2.0% of this cohort's audience
Activity (LinkedIn): 1 product launches announced in 12 mo
Funding rounds
  • Oct 2025Seed$4M
Founders & team
Akshaya RathCo-Founder & CEONimit AggarwalCo-Founder
Investors
NavCap, Dovetail Capital, Narnolia
Tech stack
BootstrapCdnjsCloudflareContact Form 7Core-JsElementor
#11
Series A · Kalka, Haryana · founded 2016 · 12 employees
$1.1Mraised
▾

Patented technology for conversion of low-grade waste plastics into valuable feedstocks for a plastic-to-plastic circular economy. Polycycl's patented technology converts hard-to-recycle plastics, such as single-use polythene bags into liquefied hydrocarbon oils, using a scalable and cost-effective technology. The generated hydrocarbon oils serve as high-value chemical feedstocks for the manufacturing of a host of new low-carbon materials, including new virgin plastics, renewable chemicals and sustainable fuels - thereby transforming environmental waste into premium, valuable materials. Key attributes include- Developed over six generations of innovation and more than 150,000 man-hours of R&D, resulting in a robust and scalable industrial solution. Ability to process dirty, contaminated and mixed polyolefin plastics diverted from landfill streams. Fully-continuous, non-batch conversion enabled by patented reactor design, providing stable operations, high uptime and conversion yields of 65% -80%, Modular architecture with each conversion train capable of processing 15 TPD - 100 TPD of waste plastics per day. The fully-continuous process architecture reduces capital costs to one-half

Fliar Intelligence Index™ 40how this company ranks against its industry peers
Innovation
top 28%
Growth
top 32%
Funding
top 44%
News
bottom 49%
Talent
bottom 49%
Product
bottom 45%
Innovation: 3 new-product events in 24 mo · Deep-tech classification: Tech Hardware
Growth: Revenue +77% YoY · Fresh capital in last 24 mo
Funding: Raised $1.1M across 4 rounds · 4 rounds over 4 yrs (1.0/yr) · Last round Series A (Jan 2026)
Audience (LinkedIn): 2k LinkedIn followers
Hiring (LinkedIn): 2 hiring posts in 12 mo (public) · hiring: Lead | Senior Research Scientist, Leader
Activity (LinkedIn): 1 partnerships (incl. Runmatter by Zerodha) announced in 12 mo
Funding rounds
  • Jan 2026Series A$2.9M
  • May 2024Seed$96.1K
  • Oct 2022Seed$289.6K
  • Feb 2022Seed$689.6K
Founders & team
Amit TandonFounder & CEO
Investors
LetsVenture, Aha Vets, Milestone Gears, Morpheus Ananta, Supermorpheus, TSM Ventures
Tech stack
CdnjsCloudflareCore-JsGoogle AnalyticsGoogle Font ApiGoogle Hosted Libraries
#12
Series C · Noida, Uttar Pradesh · founded 2023 · 136 employees
$60Mraised
▾

Provider of sustainable energy solutions from waste. It provides users with a company that offers eco-friendly energy solutions by producing biogas from organic waste using anaerobic digestion and continuous flow stirred tank reactor technology. It helps reduce greenhouse gas emissions and improve air and water quality. It is a sustainable energy company focused on developing and implementing bio-CNG gas plants, leveraging biomass and biowaste to create renewable fuel.

Fliar Intelligence Index™ 80how this company ranks against its industry peers
Growth
top 16%
Moat
top 21%
Fin. health
top 25%
Market
top 33%
Funding
top 33%
Tech
top 42%
Growth: Headcount 28 → 136 (+386%) across vintages · Revenue +464% YoY · Fresh capital in last 24 mo
Moat: Top 5% by revenue among 174 tracked Solid Waste Management Tech companies · Editorial + unicorn rating 4/10
Fin. health: Revenue ~$28.3M (FY2023) · Net margin 5.1% · Revenue +464% YoY
Audience (LinkedIn): 20k LinkedIn followers — 3.1% of this cohort's audience · 90 engagements/post (2.3× cohort median)
Activity (LinkedIn): 1 awards announced in 12 mo
Funding rounds
  • Jul 2024Series C$60M
Founders & team
Utkarsh GuptaFounder & CEO
Tech stack
BootstrapCdnjsCloudflareFont AwesomeGoogle AnalyticsJsdelivr

Funding & investor landscape

$404.3Mtotal disclosed funding
91companies funded
251disclosed rounds
3rounds last 90 days
Most active investors
Social Alpha17 rounds
Villgro10 rounds
IIMA Ventures9 rounds
LetsVenture6 rounds
Momentum Capital6 rounds
Plug and Play APAC6 rounds
Rainmatter6 rounds
Soonicorn Ventures6 rounds
Startup Incubation and Innovation Centre6 rounds
Angel List5 rounds

Notable founders

Praveen Sukumaran
Co-Founder & Head New Product Development · GPS Renewables
Mainak Chakraborty
Co-Founder & CEO · GPS Renewables
Gazanfar Safavi
Head of Recycling · Lohum
Justin Lemmon
Co-Founder · Lohum
Gaurav Dolwani
Founder & CEO · Lico
Rajesh Gupta
Founder & Managing Director · Recyclekaro
Prassann Daphal
CEO · Recyclekaro
Tushar Suhalka
Founder · REGRIP
Pulkit Baldev
Co-Founder · Metalbook
Aman Tibrewal
Co-Founder · Metalbook
Ajay Gupta
Co-Founder · RecommerceX
Mohit Gulyani
Co-Founder & CBO · RecommerceX
Prism market signals · India · country-scoped Prism corpus, 6,409,700 docs

Market landscape — 10 sub-themes by coverage

Share of Solid Waste Management Tech coverage by sub-theme.

Regulatory-risk over time rising

Funding & growth over time

funding rising · growth rising

RESEARCH SIGNALS · India

How research on Circular Economy is moving in India

A read on the academic research around Circular Economy — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 2,100 India-affiliated papers.

research sentiment over time
201720222026
enthusiastic · positive · guarded tone
Tone is overwhelmingly optimistic and intensifying — the enthusiastic (strongly-positive) share moved 44% → 64% across 2017–2026.
top research entities
  • Lovely Professional University79
  • Graphic Era University70
  • Saveetha University64
  • Symbiosis International University60
  • Vellore Institute of Technology University54
leading researchers
Sachin Kumar Mangla · Anil Kumar · Sunil Luthra · Jose Arturo Garza‐Reyes · Shahbaz Khan · Abid Haleem · Jayakrishna Kandasamy · Rohit Agrawal
▲ Breakthroughs248 · 12%
▲ 0%→12% share
0 median citations96% since 2021mostly methods-led
Scalability research is surging — papers rose from 1 to 30, signaling India's circular economy focus shifting toward implementable solutions.
rising sub-themes (early→recent)
  • Scalability1→30
  • Production (economics)1→21
  • Resource efficiency1→14
  • Efficient energy use1→8
  • Energy consumption1→6
Newly emergingSustainability 0→83 · Resource (disambiguation) 0→41 · Sustainable development 0→31
Landmark Adoption of green finance and green innovation for achieving circularity: An exploratory review and future directions · 330 cites
◆ Advancements939 · 45%
▲ 0%→45% share
0 median citations96% since 2021mostly empirical
Supply chain research is intensifying — papers jumped from 1 to 106 as India's circular economy field-share expanded from 0% to 45%.
rising sub-themes (early→recent)
  • Sustainability3→399
  • Resource (disambiguation)5→171
  • Sustainable development2→142
  • Supply chain1→106
  • Resource efficiency2→105
Newly emergingAgriculture 0→76 · Renewable energy 0→53 · Industrial organization 0→49
Landmark Understanding the adoption of Industry 4.0 technologies in improving environmental sustainability · 776 cites
▼ Concerns664 · 32%
▼ 88%→31% share
▼0.4× share momentum0 median citations92% since 2021mostly reviews
Sustainable development concerns are newly emerging at 146 papers, while overall concern field-share contracted sharply from 88% to 31%.
rising sub-themes (early→recent)
  • Sustainability3→291
  • Resource (disambiguation)1→86
  • Production (economics)2→53
  • Industrial organization1→34
  • Agriculture1→33
Newly emergingSustainable development 0→146 · Supply chain 0→65 · Ecology 0→53
Landmark Impacts of Plastic Pollution on Ecosystem Services, Sustainable Development Goals, and Need to Focus on Circular Economy · 976 cites
RESEARCH HOTSPOTS · India

Where circular economy is researched across India

Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.

Delhi-NCR143 · +0.25
Hot · SustainabilityAdvancing · ManufacturingOpportunity · Sustainable developmentConcern · Raw material
Pune81 · +0.34
Hot · SustainabilityAdvancing · ScalabilityOpportunity · Supply chainConcern · Knowledge management
Chennai78 · +0.37
Hot · Internet of ThingsAdvancing · Renewable energyOpportunity · Sustainable developmentConcern · Resource efficiency
Mumbai45 · +0.21
Hot · Food securityAdvancing · Sustainable agricultureOpportunity · Sustainable developmentConcern · Environmental planning
Bengaluru26 · +0.33
Hot · Renewable energyAdvancing · Supply chainOpportunity · SustainabilityConcern · Ecology
Kolkata26 · +0.34
Hot · AgricultureAdvancing · Waste managementOpportunity · Supply chainConcern · Sustainable development
Hyderabad23 · +0.33
Hot · SustainabilityAdvancing · Sustainable developmentOpportunity · Production (economics)
Ahmedabad21 · +0.05
Hot · Supply chainOpportunity · SustainabilityConcern · Ecology
Kharagpur17 · +0.44
Hot · SustainabilityAdvancing · Sustainable developmentOpportunity · Waste management
Roorkee17 · +0.19
Hot · ReuseAdvancing · SustainabilityOpportunity · Waste managementConcern · Sustainable development
PATENT SIGNAL · India

Who's filing circular economy patents in India

India circular economy patent filing is steady — 1 filings from 1 assignees (2024–2024), led by Khetar Green TECH LLP; annual filings 1→1.

1 filings1 assigneespeak 1/yr2024–2024
filing momentum (YoY 2024–2024)
top patent filers
  • Khetar Green TECH LLP1

Common questions

How many Solid Waste Management Tech companies are there in India?
Radar tracks 314 indexable Solid Waste Management Tech companies headquartered in India, India, that meet our profile-completeness bar.
What is the total funding raised by Solid Waste Management Tech companies in India?
The Solid Waste Management Tech companies in India on this list have raised a combined $404.3M in disclosed equity funding across 91 funded companies.
Which is the highest-funded Solid Waste Management Tech company in India?
Lohum is the highest-funded Solid Waste Management Tech company in India, with $62.5M in disclosed equity funding.
How many Solid Waste Management Tech companies in India are funded?
91 of the 314 Solid Waste Management Tech companies in India on this list have disclosed at least one equity funding round.
How many Solid Waste Management Tech unicorns are there in India?
None of the Solid Waste Management Tech companies in India on this list currently has a disclosed valuation of $1B or more.
Who are the top investors in India Solid Waste Management Tech companies?
The most active investors in India Solid Waste Management Tech companies on this list include Social Alpha, Villgro, IIMA Ventures, LetsVenture, Momentum Capital.
Riya SenguptaFinancials

Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.

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