Hyderabad, June 25 -- Recykal, the Hyderabad-headquartered waste management company, has raised $23 million to strengthen its technology platform and fund international expansion.

Recykal has emerged as one of India's leading technology platforms for waste management and the circular economy. The company announced on Wednesday the successful closure of a $23 million bridge round, comprising a combination of primary and secondary capital from existing investors and a select group of new family offices.

According to the company's management, the fresh capital will be deployed to strengthen Recykal's technology platform, accelerate its Deposit Return System (DRS) deployments, expand its behavioural-change solutions in waste management, and...