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Lucro

Mumbai, India

Investment announced April 2020

Lucro Plastecycle Private Limited (Lucro) is a homegrown Indian manufacturer that specializes in recycling difficult-to-manage flexible plastic packaging.

Visit the Lucro website

Established in 2012, the company specializes in recycling locally sourced plastic waste to manufacture flexible packaging products. Today, the company is the largest supplier of post-consumer recycled flexible plastic products like shrink wraps, stretch wraps, polybags and other flexible packaging to FMCG, F&B, retail, fashion, automotive and electronics industries.

Since Circulate Capital’s initial investment in 2020, Lucro has increased its capacity by more than tenfold.

In February 2021, Lucro and our investor Dow entered into a memorandum of understanding to co-develop a post-consumer recycled polyethylene film solution. Read more about this partnership.

Associated Resources:

Reports Responsible Sourcing in the Plastic Waste and Recycling Sector: Examples of Inclusive Practices in India

Investment Stories Enable Partnerships Across the Value Chain

Press Releases Circulate Capital announces follow-on investment into Lucro as company closes the loop on flexible plastic packaging in India

Press Releases Circulate Capital announces inaugural investments that will help South and Southeast Asian SMEs to combat ocean plastic and weather the COVID-19 crisis

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