Updated: Oct 25, 2021
Linkedin, 21 December 2020
When the Circulate Capital team began designing an investment strategy two years ago to scale impact and financial returns across the recycling and circular economy value chain, Indian innovators kept appearing on our radars. Supported by regulatory frameworks like the Swachh Bharat Mission and strong demand from domestic and global brand owners, it has been clear that, with the right support, some of India’s most inventive companies are ready to drive significant environmental and social impact to advance the local economy.
I’m excited to share that, as of last week, Circulate Capital Ocean Fund (CCOF) has invested US$39 million to create the largest investment portfolio devoted to fighting ocean plastic waste in India. This tally includes $19 million of new investments in four leading companies in this arena: Srichakra Polyplast, Recykal, Ricron Panels and Dalmia Polypro Industries, combined with our previously announced investments in Lucro Plastecycle and Nepra Resources Management.