Plastics recycling supply chain enabler Recove has closed a ₹5.3 crore pre-seed funding round, led by Momentum Capital with additional participation from seasoned entrepreneurs and angel investors including Ganesh Natarajan (ex-CEO of Aptech & Zensar), Ashish Goel (Co-founder of Urban Ladder), Chaitanya Kejriwal, and Shruti Deorah.
The fresh capital will be channelled into expanding Recove’s marketplace footprint across India, establishing pre-processing hubs, and strengthening its partnerships with recycling players across the ecosystem.
Established in 2024 by Viral Chhajer, Nirja Bhatt, and Sharan Subaiah, the Bengaluru-based startup is building a digital-first B2B platform that connects plastic waste generators with recycling companies.
Its model integrates supply-chain technology with in-house pre-processing to ensure quality and reliability of recycled inputs.
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Within its first year of operations, Recove claims to have streamlined procurement processes for over 30 recycling companies, offering recyclers consistent raw materials while enabling suppliers to secure higher value for their waste.
