Aafrin Kidwai 
Circulate Capital, the Singapore-based investment management company, has announced that the Circulate Capital Ocean Fund (CCOF) has committed to investing US$19 million in four leading companies that are using technology and innovation to scale and transform India’s waste management and recycling value chain.
Established in partnership with PepsiCo, Procter & Gamble, Dow, Danone, Chanel, Unilever, The Coca-Cola Company, and Chevron Phillips Chemical, CCOF is the world’s first investment fund dedicated to combat ocean plastic in South and Southeast Asia. CCOF’s new portfolio companies include small and medium enterprises (SMEs) including Recykal, Srichakra Polyplast, and Dalmia Polypro Industries and Deeya Panel Products.
Recently, Circulate Capital had announced investments in Lucro Plastecycle (Lucro) and Nepra Resources Management.
Circulate Capital now has the largest investment portfolio focused on fighting plastic pollution in India, worth 39 million USD. Commenting on the latest investments, Rob Kaplan, CEO and Founder, Circulate Capital, said in a press statement, “At a time of tremendous uncertainty, the six companies in our India portfolio are positioned to help the country build back sustainably and transform from a linear to circular economy. Combined, they will directly create over 6,600 safe, stable and dignified jobs while preventing 5 million metric tonnes of plastic pollution from entering the environment by 2030. Supported by the Swachh Bharat Mission and strong demand from brand owners, India is well placed to provide a blueprint for plastic circularity to improve livelihoods and build back better globally.”
