Tech-enabled environmental services firm EcoEx raises $4 million ahead of IPO preparation

EcoEx, a cleantech startup specialising in waste management and compliance solutions, said it has raised $4 million in a strategic funding round led by Dovetail Global Fund PCC, Navbharat Investment Fund, and Narnolia Velox Fund, with participation from domestic and international investors.

The funding comes as EcoEx prepares for an IPO and will be used to enhance technology, acquire talent, expand operations, and strengthen its clean tech offerings. The startup will also focus on scaling its newly launched Waste Commodity App, which enables traceable and compliant digital trade of waste materials.

“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,” said Nimit Aggarwal, Founder & Director, EcoEx.

“We are on track to cross $20 Million in transaction value in FY 25-26, transforming Waste into both a climate and economic opportunity.” he added.

Since its inception, EcoEx said it has enabled producers, importers, and brand owners (PIBOs) to secure more than 1 million metric tonnes of Extended Producer Responsibility (EPR) credits through CPCB-certified recyclers. Its new mobile app integrates real-time tracking, secure digital payments, and e-auction features and has already onboarded more than 3,000 recyclers and collectors across India.

“This is more than funding, it’s validation of a movement,” said Akshaya Rath, CEO, EcoEx. “EcoEx is committed to harnessing technology for climate accountability, ESG-aligned compliance, and resource recovery across India’s Waste value chain.” he added.

EcoEx has established itself as a market leader in plastic waste credit services, offering tech-enabled compliance tools for EPR. Its platform combines EPR credit exchange, compliance automation, and consulting services for industries working toward sustainability and regulatory goals. The startup also provides solutions across plastic, e-waste, tyres, batteries, used oil, and other regulated materials.