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Hyderabad firm to transform waste management
These challenges include mismatch between buyers and sellers of plastic waste, as well as a lack of transparency.
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| A+A A- By Express News Service
HYDERABAD: Hyderabad-based Rapidue Technologies (Recykal) is a digital solutions waste-commerce company that connects all stakeholders across the value chain to solve the challenges faced by the industry. Underpinned by strong entrepreneurial experience in developing digital businesses, it recognised that some of the most pressing challenges faced by the waste management and recycling industry in India could be solved through digital technology.
These challenges include mismatch between buyers and sellers of plastic waste, as well as a lack of transparency. Circulate Capital, a Singapore-based investment management company said that the Circulate Capital’s Ocean Fund (CCOF) has made a strategic investment into Recykal.