Runaya's Ambitious Blueprint: Metal Recycling Startup Eyes Major Growth

Runaya, a metal recycling startup owned by Vedanta Group promoters, is considering a share sale in FY26. The company is exploring joint ventures and significant investments to support its growth, targeting a revenue of Rs 1,800 crore by FY26. Interest from private equity funds has been noted.

Runaya, a metal recycling startup run by the Vedanta Group promoters, anticipates a share sale in the first half of the fiscal year 2026, according to a senior executive on Tuesday.

The company's co-founder and managing director, Naivedya Agarwal, confirmed interest from private equity funds in purchasing stakes. While declining to discuss valuation expectations, he mentioned potential capital market transactions next year.

Runaya plans to invest Rs 500 crore annually in FY25 and FY26, potentially alongside two joint venture business lines. Financial backing of USD 400 million is sought to fuel growth, while revenues are projected to hit Rs 8,000 crore by FY30.

(With inputs from agencies.)