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The ESG Phenomenon - Circulate Capital

Editorial Staff

11 December 2020

Circulate Capital
, a Singapore-based investment management firm that seeks to stop waste plastic entering oceans, said one of its funds has pledged to put $19 million in four companies transforming India’s waste management and recycling value chain.

The Circulate Capital Ocean Fund has been set up in partnership with PepsiCo, Procter & Gamble, Dow, Danone, Chanel, Unilever, The Coca-Cola Company, and Chevron Phillips Chemica.

Commitments to a number of businesses, such as Srichakra Polyplast, Rapidue Technologies, Deeya Panel Products and Dalmia Polypro Industries, and previously announced investments, amount to more than $39 million invested in India. 

“At a time of tremendous uncertainty, the six companies in our India portfolio are positioned to help the country build back sustainably and transform from a linear to circular economy. Combined, they will directly create over 6,600 safe, stable and dignified jobs while preventing 5 million metric tonnes of plastic pollution from entering the environment by 2030,” Rob Kaplan, CEO and founder, Circulate Capital, said.

CCOF’s new portfolio companies include small and medium enterprises.