New-age Waste Management Platform Cercle X has raised Rs 1.9 Crore in a Series Seed round funding led by Inflection Point Ventures.
“The funds raised will be utilized towards Marketing, Operations, and Technology,” the statement said.
Speaking on the fundraise, Ankur Mittal, Co-Founder of Inflection Point Ventures said, “Treating waste through sustainable solutions is the need of the hour in India and across the globe. Cercle X with its deep experience, knowledge, and passion in the waste management space promises zero waste to landfill by optimizing the current waste/resources in hand.”
“This platform aims to conserve the planet and at the same time empower thousands of waste warriors associated with the company. Not only is this a high-impact socially relevant investment but is a big untapped market opportunity for a sector-agnostic platform like IPV. The company is already working with some of the leading corporations and has a strong pipeline for the coming quarters,” Mittal added.
Commenting on the development, Vishnu Vardhaan, Co-Founder & CEO, Cercle X, said, “Waste is a global pandemic with absolutely no solution in sight. With Cercle X, we work with the world’s most sustainable brands to handle their waste streams, to create circular solutions that’ll save the planet’s resources for the future generations.”
“Our vision is to enable brands to achieve zero waste through circularity. IPV offers much more than just funds – they believe and support our vision and go above and beyond to help us strengthen our presence in the market. Their wide network across sectors will help us scale rapidly,” Vardhaan added.