Recykal raises $22 mn led by funds managed by Morgan Stanley India, others

VC Circle

Author: Anuj Suvarna

Waste management and recycling startup Recykal has raised $22 million (around Rs 165 crore) in funding by investment funds managed by Morgan Stanley India, the company said on Tuesday.

Existing investors Circulate Capital, Vellayan Subbiah, and Arun Venkatachalam of the Murugappa Family also took part in the round.

This is the company's second institutional funding round, following a $4 million round in 2020 from investors including Singapore-based waste-focused Circulate Capital.

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