Lucro funding, investors and company details

Lucro is an emerging Recycling - Waste startup from Mumbai, working in the space of Lucro operates in the Waste Management, Recycling and Sustainable Packaging Industry,. Founded by Saumil Dinesh Desai, Ujwal Desai.

Company: LUCRO PLASTECYCLE PRIVATE LIMITED
Sector: Recycling - Waste
Location: Mumbai
Founders: Saumil Dinesh Desai, Ujwal Desai

Company overview

The company is an Indian waste management, recycling, and sustainable packaging company engaged in building a circular economy for plastics.Lucro focuses primarily on difficult-to-recycle flexible plastics and converts them into recycled granules, flexible packaging materials, automotive covers, retail packaging, and other sustainable products. The company operates an integrated model covering waste collection, segregation, washing, recycling, material science, and manufacturing. Lucro works with leading FMCG, retail, automotive, and consumer brands to help them transition from virgin plastics to sustainable post-consumer recycled (PCR) packaging solutions. The company has also partnered with global sustainability-focused organizations and investors and recently received strategic investment from Hindustan Unilever to strengthen plastic circularity initiatives in India. The company aims to reduce plastic waste pollution by converting used plastic materials into reusable and recyclable products such as recycled granules, films, flexible packaging, and industrial plastic products. It also focuses on providing environmentally sustainable alternatives to virgin plastic packaging, promoting resource efficiency, supporting waste management ecosystems, and enabling businesses to adopt recyclable and post-consumer recycled packaging solutions.

Funding rounds

Latest round: Undisclosed Amount, 2022-07-29. Investors: Circulate Capital