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PadCare Labs has raised $3 million in a Pre-Series A funding spherical led by Rainmatter, with participation from 3one4 Capital and Brigade REAP.
The spherical contains a mixture of fairness and debt financing. Current buyers Lavni Ventures and 3i Companions additionally participated, together with debt companions EXIM Financial institution and ICICI Financial institution.
The India-based clear know-how startup plans to make use of the funds to scale its recycling capability to 2,000 metric tonnes yearly by March 2027. It should additionally launch a B2C sanitary waste administration app, PadCare Orbit.
PadCare Labs operates throughout 24 cities in India. It manages greater than 2,000 websites and serves over 685 shoppers, together with massive enterprises, manufacturing, academic establishments and residential communities.
The corporate mentioned it’ll broaden recycling operations in Bengaluru and the Delhi NCR area. It additionally plans to strengthen management and core working capabilities.
Ajinkya Dhariya, founder and chief govt officer, mentioned sanitary waste administration stays under-addressed in India’s waste ecosystem. “As laws evolve with Stable Waste Administration 2026 guidelines, the necessity for organised recycling infrastructure is changing into unavoidable,” he mentioned.
Dhariya added that the funding would assist broaden capability and construct programs required to scale hygiene waste recycling.
PadCare is investing about ₹7 crore in capital expenditure to arrange the PadCareX gigafactory in Pune. Over the subsequent 12 months, it plans so as to add two recycling hubs, together with upgrading its Bengaluru facility and constructing a brand new plant in the Delhi NCR area to assist regional demand and cut back transport necessities.
The corporate plans to fee the PadCareX gigafactory by the tip of March 2026. The ability will allow the focused annual recycling capability of two,000 metric tonnes.
PadCare at the moment operates a mixed recycling capability of 500 kilograms per day throughout Pune and Bengaluru. During the last 30 days, the corporate has processed about 480 kg a day, working at almost 96% capability.
The corporate mentioned it recycles about 99.8% of the sanitary waste it collects by weight. The remaining materials is residual sludge from therapy processes. This residual waste is disposed of by means of authorised widespread biomedical waste therapy services (CBWTFs) in line with regulatory norms.
PadCare makes use of a patented course of for the recycling of sanitary waste. Segregated waste is collected from consumer websites and transported to authorised services.
The waste is processed by means of a chemo-mechanical system that separates cellulose pulp and plastic. These supplies are handled and transformed into secondary uncooked supplies. The recycled output is used for merchandise resembling paper gadgets and moulded plastic items. Minimal residual waste is disposed of by means of permitted channels.
“PadCare has proven that the sanitary waste administration class may be addressed by means of know-how and operational self-discipline,” mentioned Nithin Kamath, chief govt officer of Zerodha and Rainmatter
Nruthya Madappa, companion at 3one4 Capital, mentioned sustainable waste infrastructure is important for city progress.
PadCare Labs was based in 2018 and makes use of patented know-how to recycle used sanitary waste into secondary uncooked supplies. It serves shoppers together with Infosys, Wipro and Mahindra Group.
The corporate mentioned it has remained worthwhile on the EBITDA stage for 2 consecutive years, with margins of 26%. It reported income of ₹15 crore in FY25. It reported an 8% revenue after tax margin, with the enterprise rising at a 136% compound annual progress fee over time.
In FY25, recycled stationery and paper merchandise bought beneath the Rebirth model accounted for about 2% of income, a share the corporate expects to extend to just about 10% in FY26 as distribution expands.
(With inputs from BL intern Tejaswini S)
Revealed on February 10, 2026
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