Rungta Greentech Raises Fresh Growth Capital In Second Investment Round
Rungta Greentech, a manufacturer of recycled and virgin plastic products, has raised fresh growth capital from an alternative investment fund (AIF) managed by Mumbai-based 360 One Asset, along with a group of co-investors.
The investment marks the company’s second round of funding and follows an earlier investment led by Ratnabali Group and other co-investors, according to a company statement.
Rungta Greentech plans to deploy the fresh capital to expand its businesses in food-grade recycled PET, recycled HDPE and PP, as well as textile-to-textile recycling.
The company’s expansion comes as demand for recycled materials continues to grow across packaging, textiles and other industries, driven by increasing focus on circularity and sustainable manufacturing.
“The first round gave us the confidence to accelerate our journey, and this second round is a strong validation of the progress we have made and the opportunity ahead,” said Deepak Rungta, Chairman and Managing Director, Rungta Greentech.
The latest investment is expected to support the company’s efforts to scale its recycling capabilities and strengthen its position in the growing recycled materials market.
