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Karo Sambhav raises Rs 56 Cr in pre-Series A round led by Rainmatter

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Karo Sambhav raises Rs 56 Cr in pre-Series A round led by Rainmatter

Circular economy and recycling company Karo Sambhav has raised Rs 56 crore ($6 million) in a pre-Series A funding round led by Rainmatter by Zerodha.

The proceeds will be used to expand recycling infrastructure for the recovery of critical, precious, and high value materials, Karo Sambhav said in a press release.

Founded in 2017 by Pranshu Singhal, Karo Sambhav operates across e-waste, batteries, glass, and other end-of-life material streams. The company works with organizations including the German Agency for International Cooperation, IFC, and the International Labour Organization to help formalize India's informal recycling ecosystem.

According to the company, India's limited capacity to recover critical materials such as indium, tin, and rare earth elements presents a strategic challenge for industries including artificial intelligence, quantum computing, advanced electronics, and renewable energy. Strengthening domestic recycling capabilities is becoming increasingly important amid shifting global supply chains and geopolitical uncertainties.

The Gurugram-based company says it operates two recycling facilities, has channelised over 150,000 metric tonnes of waste for recycling, and established collection networks across more than 50 cities. It has also worked with over 50 corporations, including Apple, Dell Technologies, Cisco, and Canon, to support their recycled-content and sustainability objectives.

India is the world's third-largest generator of e-waste, producing an estimated 4.1 million metric tonnes annually, according to a market report. Globally, annual e-waste generation is projected to reach 82 million metric tonnes by 2030.

Karo Sambhav plans to prioritise e-waste recycling due to its high concentration of valuable metals and components while creating capacity for adjacent waste streams. Its proposed facility has received Eligibility Status under the Incentive Scheme for Promotion of Critical Mineral Recycling under the National Critical Minerals Mission (NCMM) of the Ministry of Mines.

Notable players in the sector include Rocklink India and Namo in electronic waste recycling, BATX and LEO in battery recycling, as well as E-Parisara and Rubamin.



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