EcoEx, a sustainable waste management solutions startup, has raised $4 million in a seed funding round led by Dovetail Global Fund, Navbharat Investment Fund, and Narnolia Velox Fund, with participation from both domestic and international investors.
The fresh capital comes ahead of EcoEx’s planned initial public offering (IPO) and will support the company in technology enhancement, talent acquisition, and expansion of clean tech solutions, including scaling its newly launched waste commodity app, the startup said in a statement.
Leadership Perspective
Founder and Director Nimit Aggarwal said:
“This funding marks a pivotal moment for EcoEx. With the support of global and domestic investors, we are accelerating our mission to build traceable, accountable, and profitable solutions for industries. We are on track to cross $20 million in transaction value in FY25–26, transforming waste into both a climate and economic opportunity.”
EcoEx CEO Akshaya Rath added:
“This is more than funding; it’s validation of a movement. EcoEx is committed to harnessing technology for climate accountability, ESG-aligned compliance, and resource recovery across India’s waste value chain.”
Platform Growth and Impact
Since its inception, EcoEx has been steadily gaining traction, with over 3,000 recyclers and collectors onboarded nationwide. Its platform integrates Extended Producer Responsibility (EPR) with credit exchange, compliance automation, and consultancy services, enabling more efficient, accountable, and sustainable waste management practices across India.
Summary
EcoEx’s $4 million seed round will accelerate its growth in clean tech and sustainable waste solutions, supporting its technology, talent, and expansion goals. With strong investor backing and a growing network of recyclers, EcoEx is positioning itself as a key player in India’s ESG-driven waste management ecosystem ahead of its upcoming IPO.
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