57,457.80 metric tonnes of waste recovery—35% of the total waste managed to date—are the result of strategic partnerships with 60+ brands, ClimaOne’s evolution, and community empowerment. This represents a 200% year-over-year growth and transformative impact.
India’s Mumbai, December 24, 2024
The premier clean-tech resource recovery group, ReCircle, has published its FY 2023–2024 Impact Report, highlighting significant advancements in resource management and sustainability. The study emphasises ClimaOne’s development, strategic alliances with more than 60 companies, and a noteworthy 200% year-over-year increase in garbage recovery, which amounts to 57,457.80 metric tonnes, or 35% of the total waste processed by the organisation to date.
ReCircle’s dedication to digitisation, circularity, and community empowerment further highlights its efforts and shows how far it has come in building a sustainable future for people and the environment.
According to Rahul Nainani, CEO and co-founder of ReCircle, “we increased our waste recovery by a staggering 200% in 2023-2024, showcasing the effectiveness of our pan-India initiatives and strategic partnerships.” “The progress of ClimaOne, our state-of-the-art waste management platform, and the beneficial social and environmental effect we’re promoting are among the major advancements highlighted in this study. We also highlight the important assistance we receive from our partners and investors, as well as our efforts in community development and brand involvement. From the very beginning, our goal has been to build something truly impactful — and we are just getting started.”
“In the months ahead, we are focused on evolving our impact through a series of growth strategies, including achieving end-to-end circularity for plastics, exploring new supply chains, expanding ClimaOne, growing our team, and building our textile waste recovery facility in Mumbai,” said Gurashish Singh Sahni, COO and co-founder of ReCircle. In order to guarantee sustainable growth, we are also dedicated to increasing our assistance for Safai Saathis and collecting partners.
Important Takeaways from ReCircle’s Impact Report for FY 2023–2024:
- Empowering Safai Sathis: Better working conditions and empowerment are fostered by providing over 3,500 informal garbage workers with increased incomes and social recognition.
- Investment Milestones: Acquired capital from Flipkart Ventures, 3i Partners, and Acumen Fund Inc. in its pre-series A round, indicating a high level of investor trust in India’s clean-tech sector.
- Grants and CSR Collaborations: Established strategic alliances with groups including Hindustan Unilever (HUL), Metro Shoes, IIT Kanpur’s Swachhata Startup Challenge, and the Alliance to End Plastic Waste.
- Tech for Impact: ClimaOne, ReCircle’s waste management platform, evolves to provide transparency, traceability, and ethical solutions for waste handling across the supply chain.
- National Goals Alignment: ReCircle’s initiatives align with the Swachh Bharat Mission and contribute toward achieving Sustainable Development Goals (SDGs) globally.
- Brand Engagement: Supported 60+ brands including HUL, UNDP India, and Hindustan Coca-Cola Beverages in meeting their sustainability goals.
- Community Engagement: Conducted Waste Collection Drives and Zero-Waste Events across India, educating and inspiring responsible waste management practices.
These initiatives demonstrate ReCircle’s ongoing dedication to social impact, sustainability, and clean technology innovation.
In the FY 2023-2024 Impact Report, ReCircle extends an invitation to businesses, communities, and consumers to examine the revolutionary effects of its programs. The paper offers a thorough analysis of ReCircle’s accomplishments and significant turning points in its quest for a circular future. [See the whole report here.]