New Delhi, Jan. 21 -- Deep-tech company PolyCycl, which focuses on chemical recycling, has received an undisclosed Series A investment from Rainmatter, Zerodha's climate and impact-focused investment arm. The funding will support deployment of PolyCycl's platform that enables plastic-to-plastic circularity for hard-to-recycle plastics by converting them into liquid feedstocks.

Calling it an emerging market Amit Tandon Founder & CEO, PolyCycl on Tuesday said, that chemical recycling is set to become a $10 to $20 billion industry in the next 10 years globally.

PolyCycl's patented technology takes low grade or hard to recycle single use plastic waste like polythene bag, polyolefin packaging films, food contaminated boxes and bottles and mo...