Karo Sambhav raises Rs 56 crore pre-Series A funding led by Rainmatter
According to the company, it has facilitated the recycling of more than 150,000 metric tonnes of waste and operates collection and aggregation networks across more than 50 cities in India.
Circular economy startup Karo Sambhav has raised Rs 56 crore (approximately $6 million) in a pre-Series A funding round led by Rainmatter, the investment initiative backed by Zerodha.
The company plans to utilise the fresh capital to expand its recycling capabilities, strengthen resource recovery infrastructure, and develop technologies focused on extracting critical minerals, precious metals, and other high-value materials from waste streams.
Founded in 2017 by Pranshu Singhal, Karo Sambhav operates in the electronic waste and resource recovery sector, managing multiple waste categories, including e-waste, batteries, glass, and other end-of-life materials.
The Gurugram-based company works towards building a formal and technology-driven recycling ecosystem in India by collaborating with stakeholders across industries, government bodies, and international organisations. Its partnerships include institutions such as the German Agency for International Cooperation (GIZ), the International Finance Corporation (IFC), and the International Labour Organization (ILO).
Karo Sambhav is focusing on improving India’s ability to recover valuable materials from waste, particularly critical minerals required for industries such as electronics, renewable energy, artificial intelligence infrastructure, and advanced manufacturing. The company believes domestic recycling capabilities will play an important role as global supply chains increasingly prioritise resource security.
According to the company, it has facilitated the recycling of more than 150,000 metric tonnes of waste and operates collection and aggregation networks across more than 50 cities in India. The startup currently runs two recycling facilities and works with over 50 corporate partners, including Apple, Dell Technologies, Cisco, and Canon, to help organisations meet sustainability goals and increase the use of recycled materials.
With the latest funding, Karo Sambhav plans to deepen its focus on e-waste recycling, where discarded electronics contain valuable materials such as copper, gold, silver, and other critical resources. The company also intends to expand into adjacent waste categories and strengthen its resource recovery capabilities.
The startup’s upcoming recycling project has received eligibility status under the Ministry of Mines’ Incentive Scheme for Promotion of Critical Mineral Recycling, launched as part of the National Critical Minerals Mission (NCMM). The initiative aims to encourage domestic capacity building for recycling critical minerals and reducing dependence on imported resources.