Investors sharpen focus on recycling firms
Mint Mumbai|June 06, 2023
Technology innovation, improving robustness of business model, and a large addressable market combined with a regulatory push on sustainable development is driving investments in recycling companies in segments across plastics, e-waste, and batteries, according to a new report.
Malvika Maloo 
Investors sharpen focus on recycling firms

India's recycling space recorded 10 investments in 2022, according to a Avendus' report on Circular Economy. These included Gurugram-based re-commerce startup Cashify's fundraise led by NewQuest Capital and Prosus, and waste management and recycling platform Recykal's fundraise from Morgan Stanley.

Last year saw a sharp rise compared to the previous three years, which saw an average of nearly three investments a year.

Some global investors have set up dedicated pools of capital for impact investing. KKR pooled in about $1.9 billion for its global impact fund last year.

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