Established in 2017, Recykal is an innovative tech firm focused on sustainability and circularity, playing a major role in promoting the circular economy. Recykal, the biggest Circular Economy Marketplace in Asia, supports recyclers across the country by simplifying the process of obtaining raw materials from informal waste collectors and processors. Companies such as Pepsi and P&G leverage their corporate ecosystem to achieve their Environmental, Social, and Governance (ESG) and Extended Producer Responsibility (EPR) objectives.
The company's Deposit Refund System is an innovative solution that has gained extensive recognition, resulting in the prestigious Digital India Award being given by the President of India. Recykal leads in sustainability and circular economy practices, evidenced by being named the top Growth Champion in India by the Economic Times. Additionally, the World Economic Forum has recognized the company as a pioneer in technology.
The company’s use of advanced deep learning models has also garnered attention for achieving over 90% accuracy in material identification, a key factor in efficient recycling processes. This technological innovation enhances forecasting and sorting accuracy, which is critical for waste management and recycling industries.
Recykal's goal as a tech company is to assist in creating a more sustainable world. In the future, the company aims to grow in new markets and highlight the importance of circularity in wastemanagement by expanding its recycling partner network. Recykal remains dedicated to sustainability and circularity, actively promoting positive change and inspiring others to join in this transformative process.