India
The fresh capital will be utilised to expand market presence.
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Existing investors Cactus Venture Partners and India Alternatives also joined the round.
Singapore
Amigos Venture Capital anchored the pre-seed round.
The company plans to use the funds to expand into the US, Europe and West Asia.
The company plans to deepen investments in talent across AI, R&D, product, engineering and customer success.
Recykal last raised about $13 million in its pre-Series B funding round in April 2024.
The infusion marked the company’s first institutional funding.
The funding also saw participation from Turner Morrison consortium.
The round also drew participation from Ehsan Kapital and Gobi Partners.
