Circulate Capital and Aavishkaar Capital invest US$18 million in Nepra Resource management, India’s largest dry waste management company
November 15, 2020
Nepra to expand capacity and geographic expansion to manage dry waste across the country, supporting local communities, cleaning up cities and protecting the environment
Aavishkaar Capital, the Impact Investing arm of the Aavishkaar Group, and Circulate Capital, an investment management firm dedicated to financing companies that prevent ocean plastic and advance the circular economy, have announced investments totaling US$ 18 Million in Series C Funding into Nepra Resource Management Private Limited (Nepra), India’s leading dry waste management company. Existing investor Aavishkaar Capital undertook a partial exit from its earlier fund, which had first invested in 2013 in the company, as a part of this round. Operating under the brand ‘Let’s Recycle’, Nepra has a unique model that focuses on dry waste recovery and recycling.