Synopsis
Founded in 2020 by Nimit Aggarwal and Akshaya Rath, the startup operates in the waste management space. It collects, trades in waste commodities, and provides extended producer responsibility (EPR) related services across categories such as plastic, e-waste, tyres, batteries, and used oil.
Cleantech startup EcoEx has raised $4 million in a funding round led by Dovetail Global Fund PCC, Navbharat Investment Fund, and Narnolia Velox Fund, along with participation from other investors.
The company plans to use the monies to upgrade its technology, expand operations, increase hiring, enhance its solutions, and scale its app.
“With the support of global and domestic investors, we are accelerating our efforts to build traceable, accountable, and profitable solutions for industries,” said Nimit Aggarwal, founder and director, EcoEx. “We are on track to cross $20 million in transaction value in FY26,” he added.
Founded in 2020 by Nimit Aggarwal and Akshaya Rath, the startup operates in the waste management space. It collects, trades in waste commodities, and provides extended producer responsibility (EPR) related services across categories such as plastic, e-waste, tyres, batteries, and used oil.
According to the company, it has facilitated over one million metric tonnes of EPR credits for producers, importers, and brand owners responsible for collecting and recycling the waste generated from their products, or packaging through recyclers certified by the Central Pollution Control Board (CPCB).
The platform also includes an EPR credit exchange, compliance automation, and consultancy services to help industries meet regulatory requirements.
The company has launched a mobile app that offers real-time tracking, digital payments, and e-auction features for commodity trade, with over 3,000 recyclers and collectors already on the platform across India.
Last month, cleantech startup QuantE Energy Tech raised $500,000 from early-stage venture capital firm Trillion Dollar Venture (TDV).
Source: www.economictimes.indiatimes.com