EcoEx raises $4 Mn in seed funding round

Sustainable waste management solutions startup EcoEx has secured $4 million in a seed funding round co-led by Dovetail Global Fund PCC, Navbharat Investment Fund, and Narnolia Velox Fund along with participation from other investors.

The proceeds will be utilized for technology enhancement, talent acquisition, expansion, and strengthening clean technology solutions as it scales its newly launched Waste Commodity App, EcoEx said in a press release.

Co-founded in 2020 by Nimit Aggarwal and Akshaya Rath, EcoEx offers expertise in waste collection, waste commodity trading, and EPR services. Bulk waste generators and certified recyclers can do transactions to achieve ethical disposal and compliance norms by using technology tools such as EPR Pro, B2B E-marketplace and mobile apps.

“We are on track to cross $20 million in transaction value in FY 25–26, transforming Waste into both a climate and economic opportunity,” said Nimit Aggarwal, founder and Director, EcoEx.

Since its inception, EcoEx claims that it has enabled PIBOs to secure over 1 million metric tonnes EPR credits through CPCB-certified recyclers. Through its mobile app, it introduces real-time tracking, secure digital payments, and e-auction capabilities to streamline digital commodity trade. The app has boarded over 3,000 recyclers or collectors across India.

The other notable players in this space are Recykal and Recircle.