Mumbai, India

Investment announced April 2020

Lucro Plastecycle Private Limited (Lucro) is a homegrown Indian manufacturer that specializes in recycling difficult-to-manage flexible plastic packaging.

Established in 2012, the company specializes in recycling locally sourced plastic waste to manufacture flexible packaging products. Today, the company is the largest supplier of post-consumer recycled flexible plastic products like shrink wraps, stretch wraps, polybags and other flexible packaging to FMCG, F&B, retail, fashion, automotive and electronics industries.

Since Circulate Capital’s initial investment in 2020, Lucro has increased its capacity by more than tenfold.

In February 2021, Lucro and our investor Dow entered into a memorandum of understanding to co-develop a post-consumer recycled polyethylene film solution. Read more about this partnership.

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