Recove Raises Rs 5.3 Crore to Digitise Plastic Recycling
- Recove raises Rs 5.3 crore in pre-seed round led by Momentum Capital.
- Funds to expand digital recycling marketplace and pre-processing hubs.
- Startup connects plastic waste suppliers with recyclers using tech enabled systems.
Bengaluru based startup Recove has raised Rs 5.3 crore in a pre-seed funding round led by Momentum Capital, with participation from several notable angel investors, including Ganesh Natarajan (ex-CEO of Aptech & Zensar), Ashish Goel (Co-founder, Urban Ladder), Chaitanya Kejriwal, and Shruti Deorah.
Founded in 2024 by Viral Chhajer, Nirja Bhatt, and Sharan Subaiah, Recove is building a tech enabled B2B marketplace that connects suppliers of plastic waste with recycling companies. The platform aims to bring transparency, consistency, and better economics to India’s highly fragmented recycling supply chain.
The fresh funds will help Recove expand its digital marketplace across India, set up pre-processing hubs, and grow its network of recycling partners. The startup also plans to invest in tech infrastructure to enhance supply chain reliability.
What makes Recove unique is its hybrid model, it combines digital procurement with physical pre-processing of plastic waste. This ensures that recyclers receive dependable, clean raw materials while waste generators can realise better returns.
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In just one year of operations, Recove claims to have streamlined procurement processes for over 30 recycling firms across the country, positioning itself as a trusted link between industrial waste producers and recyclers.
As India continues to grapple with growing plastic waste, Recove's solution arrives at a time when the need for sustainable, tech driven recycling infrastructure has never been more urgent.
