Singapore's Circulate Capital commits $19m to four Indian waste recycling companies

Photo: Pixabay

Singapore-based Circulate Capital, which incubates and finances companies that focus on reducing plastic waste in the ocean, announced that it has committed to invest $19 million in four Indian companies — Srichakra Polyplast, Rapidue Technologies (Recykal), Deeya Panel Products (Ricron), and Dalmia Polypro Industries.

In a statement on Wednesday, the firm said that the investment will be routed through its Circulate Capital Ocean Fund (CCOF). The capital provided will fund capacity expansion to help portfolio companies embark on their next stage of growth, it added.

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