Circulate Capital invests in Indian plastic recycling firm Lucro

Business Standard


Circulate Capital, a Singapore-based investment management company, on Tuesday said it has made its debut investment in Indian plastic recycling company Lucro Plastecycle Pvt Ltd.


The investment was made through Circulate Capital Ocean Fund, which is dedicated to investing in start-ups solving ocean plastic crisis in South and Southeast Asia, Circulate Capital said in a statement.


The company has also made an investment in an Indonesian company through the Circulate Capital Ocean Fund, it said.


The total investment in the two companies was about USD 6 million, the company said without specifying the exact amount invested in Mumbai-based Lucro.


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