India, June 18 -- Cleantech startup Karo Sambhav has raised Rs.56 Cr ($5.9 Mn) in its Pre-Series A funding round from Rainmatter to scale critical raw material recovery from end-of-life products.

The investment will enable the nine year old startup, which had been bootstrapped till now, to embark on its next phase of growth.

In this, the startup plans on scaling its high-quality recycling infrastructure for recovery of critical, precious and high-value materials.

The startup said it will initially focus on e-waste recycling due to the high concentration of valuable materials in discarded electronics, while also expanding into other waste streams over time.

Founded in 2017 by Pranshu Singhal, Karo Sambhav works with companies, enabling...