RECYKAL INDIA’S ONE-STOP-SHOP FOR THE WASTE AND RECYCLING SECTOR Founded in 2016, Recykal describes itself as India’s first waste commerce51 business by offering a digital B2B marketplace that brings together waste producers and processors from across the country. Its overarching goal is to ensure greater transparency and traceability in the waste and recycling sector while supporting businesses in meeting their statutory obligations under India’s EPR and sustainability reporting requirements.52 To this end, Recykal offers a wide range of services along the plastics value chain, including for example, a deposit system for distributors or product sellers using QR codes53 or smart solutions for waste collection centers, known as Recykal points. Their digital equipment is intended to ensure better predictability and planning capacities in order to contribute to the creation of jobs and the integration of waste pickers. Using a cloud-based software-as-a-service model, the service connects all the stakeholders in order to monitor the demand and availability of recyclable waste, handle stock levels, orders, and logistics, manage customers and partners in databases, compare sales prices, and make and receive digital payments as part of the transactions.54 In view of the growing demand for recyclable plastics and the increased risk of fraud in online transactions that comes with it, the app-based Recykal marketplace intends to provide quality and realtime tracking of orders. To achieve this, Recykal only lists reputable sellers and buyers in the marketplace system that it has verified itself. Registered buyers can then view the verified offers, compare prices, and decide to purchase a specific quantity of material. Recykal representatives inspect the material on site before it is loaded and shipped. Recykal likes to advertise that it takes full responsibility for the quality of the material until it reaches the buyer.55 51 World Economic Forum (2023) 52 Erukala (2023) 53 Recykal (n. d.) (1) 54 Recykal (n. d.) (5) 55 Recykal (n. d.) (2) Source: Recykal (3) Source: Recykal (4) 39
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