Cercle X, new-age waste management platform, has raised Rs 1.9 crore or $158K in a Seed round led by Inflection Point Ventures.
The funds raised will be utilised towards marketing, operations and technology, said Cercle X in a press release.
Co-founded by Vishnu Vardhaan and Divya Shetty in Jan 2020, Cercle X is a tech enabled waste management firm which 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.
The Coimbatore-based platform has tie-ups with over 700 vendors and channelizes 500 MT of recyclables each month. It also executes EPR mandates for over 20 large corporates/brands and works directly with more than 50 governmental agencies and ULBs.