Karo Sambhav, a Gurugram-based circular economy startup, has raised ₹56 crore (about $5.9 million) in a Pre-Series A funding round led by Rainmatter by Zerodha. The investment will help the company scale its recycling infrastructure to recover critical minerals like lithium, gold, and silver from electronic waste.
Founded in 2017 by Pranshu Singhal, Karo Sambhav operates as a Producer Responsibility Organisation (PRO) offering e-waste solutions and Extended Producer Responsibility (EPR) services. The startup is wart of Microsoft ScaleUp’s 12th cohort and works with major brands including Apple, Dell, HP, and Lenovo to close their material loops.
Currently, Karo Sambhav runs two recycling plants and has built collection networks across more than 50 cities in India. Over its nine-year journey, the company has processed over 150,000 metric tonnes of waste. The fresh capital will be used to expand infrastructure for recovering valuable, precious, and critical materials from discarded electronics and allied waste streams.
This funding marks a significant milestone as Karo Sambhav was funded through internal resources until this round. The investment underscores growing investor confidence in India’s circular economy and e-waste recycling sector, aligning with global sustainability goals and India’s push for responsible mineral recovery.
FAQs [Frequently Asked Questions]
Q1: Who led Karo Sambhav’s funding round?
Rainmatter by Zerodha led the ₹56 crore Pre-Series A round, investing to help Karo Sambhav scale critical mineral recovery from e-waste.
Q2: What will Karo Sambhav use the funds for?
The funds will expand recycling infrastructure to recover lithium, gold, silver, and other critical materials from electronic and allied waste streams.
Q3: How much waste has Karo Sambhav processed?
Since 2017, Karo Sambhav has processed over 150,000 metric tonnes of waste across 50+ cities with two recycling plants.