Cercle X, a Coimbatore, India-based SaaS-based waste management and transformation company for the world's leading sustainable brands, with a focus on circular economy and traceability, raised Rs 1.9 crore in a Seed round led by Inflection Point Ventures.
The funds raised will be utilized towards Marketing, Operations, and Technology. With the funding, Cercle X plans to expand into key southern Indian cities + Top tier-1 cities as a part of its growth plan.
Company: Infinite Cercle Inc.
Raised: Rs 1.9 crore
Round: Seed Round
Funding Month: February 2022
Lead Investors: Inflection Point Ventures
Additional Investors:
Company Website: https://cerclex.com/
Software Category: Waste management platform
About the Company: Co-founded by Vishnu Vardhaan and Divya Shetty in Jan 2020, Cercle X is a tech-enabled waste management firm that enables the industries to sell to authentic recyclers and also collect waste from the public through EPR and process it efficiently to achieve zero waste to landfill goal. Cercle X's vision is to create a unified ecosystem for the management and transformation of waste into valuable products, thereby enabling a circular economy. Cercle X aims to provide differentiated offerings in the B2B waste management space via its waste management services platform Think Trash that would connect 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. Cercle X has tie-ups with 700+ vendors and channelizes 500+ MT of recyclables each month, also executes EPR mandates for 20+ large corporates/brands, and works directly with 50+ governmental agencies and ULBs.
Source: https://www.techiexpert.com/cercle-x-raises-inr-1-9-cr-in-a-seed-round-led-by-inflection-point-ventures/