2024 Revenue
$12.6M
Customers
500
Funding
$2M
YOY
26.5%
Avg ACV
$25.2K
Team
388
Founded
2015
How Recykal CEO Abhay Deshpande grew to $12.6M revenue and 500 customers in 2024.
Recykal is a privately held company based in Hyderabad, India, and is not owned by any other company. Recykal is a waste management technology company that provides end-to-end solutions for the recycling and waste management industry. Their platform connects various stakeholders in the waste management ecosystem, including waste generators, waste collectors, recyclers, and manufacturers. This enables efficient and transparent management of waste and recycling activities, including waste collection, sorting, transportation, and processing. Recykal was founded in 2016 and has since become one of the leading waste management technology companies in India, serving clients across various industries, including e-commerce, hospitality, and manufacturing.
Last updated
Recykal Revenue
In 2024, Recykal's revenue reached $12.6M. The company previously reported $9.9M in 2023. Since its launch in 2015, Recykal has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | Recykal Hit $12.6m revenue in October 2024 | |
| 2023 | Recykal Hit $9.9m revenue in December 2023 | |
| 2021 | Recykal Hit $4.2m revenue in April 2021 | |
| 2015 | Launched with $0 revenue |
Recykal Valuation, Funding Rounds
Recykal has not publicly disclosed its valuation. The company has raised $2M in total funding to date.
Recykal has raised $2M in total funding across 1 round, with its most recent round in 2019.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|---|---|---|---|---|
| 2019 | Funding round | $2M | - | - |
Founder / CEO
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
Recykal serves 500 customers.
Recykal Employees & Team Size
Recykal employs approximately 388 people as of 2026, up from 239 in 2023. It serves 500 customers that rely on its solutions.
| Year | Milestone |
|---|---|
| 2024 | Reached 388 employees (December 2024) |
| 2024 | Reached 239 employees (October 2024) |
| 2023 | Reached 239 employees (December 2023) |
| 2023 | Reached 239 employees (July 2023) |
| 2022 | Reached 244 employees (December 2022) |
| 2021 | Reached 121 employees (December 2021) |
| 2021 | Reached 53 employees (April 2021) |
Frequently Asked Questions about Recykal
What is Recykal's revenue?
Recykal generates $12.6M in revenue.
Who founded Recykal?
Recykal was founded by Abhay Deshpande.
Who is the CEO of Recykal?
The CEO of Recykal is Abhay Deshpande.
How much funding does Recykal have?
Recykal raised $2M.
How many employees does Recykal have?
Recykal has 388 employees.
Where is Recykal headquarters?
Recykal is headquartered in Hyderabad, Telangana, India.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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