Deluxe

Founded in 1999, Deluxe Recycling uses proprietary technology to transform difficult-to-recycle multilayer plastics and used beverage cartons into durable products including pallets, boards and rickshaw seats. By creating commercially viable end markets for traditionally low-value materials, Deluxe is helping build a circular value chain for multilayer packaging in India.

Thanks to Circulate Capital’s investment, the company has been expanding its production capacity, developing new products and scaling its model beyond its original manufacturing facility in Maharashtra.