Cercle X’s waste management services platform Think Trash connects various players in the existing value chain for easy pickup-delivery of waste, Supply of recycled raw materials and supply of recycled/ waste transformed products
Tamil Nadu-based waste management platform Cercle X has raised Rs 1.9 crore in a seed funding round from Gurugram-based Inflection Point Ventures.
Co-founded by Vishnu Vardhaan and Divya Shetty in January 2020, the startup is creating a B2B marketplace that connects key players (brands, consumers, MRFs, aggregators, recyclers, logistics partners, manufacturers) across the waste value chain.
The seed fund will be used to scale up Cercle X’s marketing, operations, and technology in southern Indian cities and top tier one cities.
The startup claims to have partnered with more than 700 vendors and channelizes 500+ MT of recyclables each month. In addition, it also executes EPR mandates for 20+ large corporates/brands and works directly with 50+ governmental agencies and ULBs.
Cercle X had won the Award for Impactful Cleantech Startup of the Year, 2021 by FICCI, Emerging Startup of the year, 2021, by Government of India (MeiTy), NASSCOM & United Nations and is a partner of the United Nations Global Partnership for Marine Litter (GPML).