India’s PolyCycl has received an investment from Rainmatter, the sustainability-focused equity arm of the Zerodha online trading platform. The companies did not disclose the amount of the Series A funding.
India’s PolyCycl has received an investment from Rainmatter, the sustainability-focused equity arm of the Zerodha online trading platform, to advance its chemical recycling technology.
The undisclosed amount of funding will support the next phase of development for the PolyCycl chemical recycling technology for hard-to-recycle plastics.
The funding will also support efforts to deepen engagement with petrochemical and downstream manufacturing partners, PolyCycl said.
Amit Tandon, founder and CEO of PolyCycl, said, “Our focus has been on building technology that can operate reliably at industrial scale and integrate into circular petrochemical chains. Rainmatter’s investment strengthens our ability to move from technical maturity to wider deployment.”
Abhinav Singh Negi, in business and investments at Rainmatter by Zerodha, said, “We want to back complex technologies that take time to build but have the potential to reshape entire sectors. PolyCycl fits this philosophy through its deep engineering focus and long-term intent. Platforms like this are essential to building credible circularity at scale.
“The collaboration brings together PolyCycl’s engineering-first approach with Rainmatter’s focus on intentional capital. What stood out for us was the depth of engineering maturity and the potential of the technology for both domestic and international licensing to meaningfully expand recycling of hard-to-recycle plastics.”
