Funds Raised from Rainmatter Fintech and Next Bharat Ventures to Strengthen Plastics Circularity Business
New Delhi, April 1: Hasiru Dala Innovations (HDI), a prominent solid waste management firm, announced today it has successfully secured ₹6 crore in pre-series A equity funding. The funding round was led by Rainmatter Fintech Investments along with Next Bharat Ventures IFSC.
According to a statement released by HDI, the fresh infusion of funds will primarily be used to scale the company’s plastics circularity business. HDI intends to significantly enhance its recycling capacity and drive greater operational efficiency.
In addition to upgrading recycling operations, HDI plans to strengthen its organizational leadership by hiring experienced managerial personnel. The funding will also facilitate HDI's expansion plans beyond its current operational base in Bengaluru, paving the way for a broader geographical footprint.
This move is expected to position Hasiru Dala Innovations as a key player in India's sustainable waste management and recycling industry, especially in the domain of plastics recycling.