Sustainable waste management solutions startup EcoEx has raised $4 million in a seed funding round, co-led by Dovetail Global Fund PCC, Navbharat Investment Fund, and Narnolia Velox Fund, with participation from other investors.
The fresh capital will be utilized for technology enhancement, talent acquisition, expansion, and strengthening its clean technology solutions as the company scales its newly launched Waste Commodity App, EcoEx said in a statement.
Founded in 2020 by Nimit Aggarwal and Akshaya Rath, EcoEx focuses on waste collection, waste commodity trading, and Extended Producer Responsibility (EPR) services. Its platform enables bulk waste generators and certified recyclers to conduct transactions for ethical disposal and compliance via tools such as EPR Pro, B2B e-marketplace, and mobile apps.
“We are on track to cross $20 million in transaction value in FY25–26, transforming waste into both a climate and economic opportunity,” said Nimit Aggarwal, Founder and Director, EcoEx.
Since inception, EcoEx claims to have enabled PIBOs (Producers, Importers, and Brand Owners) to secure over 1 million metric tonnes of EPR credits through CPCB-certified recyclers. Its mobile app offers real-time tracking, secure digital payments, and e-auction features, and has already onboarded 3,000+ recyclers and collectors across India.
EcoEx competes with other notable players in India’s waste management and circular economy space, including Recykal and Recircle.
By: Sandhya Bharti
