Investment · Agriculture & Food Systems

Recykal invests ₹10 crore in Walbha Industries

By Startup Enthusiast · 28 July 2026

What they do

Recykal runs digital systems for waste management, deposit-return programmes, and trading recyclable materials

It invested ₹10 crore in Walbha Industries, a biomass briquette and pellet maker, marking its first move into bioenergy

The investment will help Walbha expand into southern markets and digitise its supply chain using Recykal's technology

Recykal invested ₹10 crore in Walbha Industries, a biomass briquette and pellet manufacturer.
This is Recykal's first move into the bioenergy sector.
Walbha makes briquettes and pellets from groundnut shells, mustard residue, and sawdust.
It operates a covered biomass production facility in Jhansi, Uttar Pradesh.
The investment will support Walbha's expansion from North and Central India into southern markets.
Walbha will use Recykal's technology platform to digitise and streamline its supply chain.
Recykal's enterprise customers will be offered verified, laboratory-tested biomass fuel.

Biomass briquettes and pellets are compressed agricultural residues used as a cleaner alternative to fossil fuels in industrial boilers.
Recykal founder Abhay Deshpande said industries move from coal when cleaner alternatives are easy to get, transparent, and economically competitive.
Creating demand for agricultural residue gives farmers an alternative to field burning, reducing pollution.
Walbha co-founder Vaishavi Sinha Bhasin said having a verified buyer for crop residue is a behavioral change at the supply end.

Recykal is a circular economy company that provides digital systems for waste management.
Its portfolio includes waste management platforms, deposit return systems, circular commerce, and AI-enabled reverse vending machines.
Recykal works with over 650 brands and more than 5,000 aggregators and recyclers.
It has channelised more than 3 million metric tonnes of waste.
Walbha Industries manufactures biomass briquettes and pellets from agricultural residues.
Walbha supplies to over 50 cities across Uttar Pradesh, Delhi-NCR, Madhya Pradesh, Uttarakhand, Himachal Pradesh, Bihar, Maharashtra, and Chhattisgarh.
More than 21,100 farmers in the Bundelkhand region now have a verified buyer for crop residue via Walbha.

Walbha will expand from North and Central India into southern markets.
Walbha will use Recykal's technology platform to digitise and streamline its supply chain.
Recykal's enterprise customers will be offered verified, laboratory-tested biomass fuel.

Recykal (lead) — Circular economy company investing in bioenergy for the first time.

Product: Technology platform for waste management and circular economy with Deposit Return System deployments
Customers: Brands, manufacturers and enterprises seeking sustainable waste management and circular economy solutions
How it makes money: B2B platform connecting waste producers with processing infrastructure and solutions
What sets it apart: Integrates behavioral change solutions with technology infrastructure for scaled waste management