Unlocking circular economy and the market for premium recycled plastics in India through technology innovations across the value chain
Recycling activities in much of the developing world are relegated to the shadow economy or the informal markets. Banyan Nation is a new age recycling company that is formalizing the informal supply chain through a data intelligence platform and has developed a pioneering plastics cleaning technology to produce near virgin grade recycled HDPE material. Banyan's innovative business model has unlocked ‘Circular Economy’ in India compelling responsible brands such as Unilever, Reckitt Benckiser, Shell, Tata Motors to use thousands of tons of recycled plastics instead of virgin plastics.Banyan collects thousands of tons of discarded post consumer HDPE waste such as shampoo, lotion, edible oil, engine oil bottles through its informal recycler network and recycles them into high quality recycled HDPE Blow Grade granules at its state of the art recycling facility in Hyderabad. Banyan Nation won the Dell Circular Economy People’s Choice Award at the World Economic Forum, Davos in 2018.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
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Jun 1, 2017 | Seed | — | 1 | — | — | Detail |
Investor Name | Lead Investor | Funding Round |
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CIIE | Centre for Innovation Incubation and Entrepreneurship | — | Seed |