EcoEx has raised $4 million funding in a strategic round led by Dovetail Global Fund PCC, Navbharat Investment Fund, and Narnolia Velox Fund, the company said in a statement today, October 9. In the round, other domestic and international investors also participated.
The fresh capital will fuel technology enhancement, talent acquisition, expansion, and strengthening clean technology solutions as EcoEx scales its newly launched waste commodity app, a mobile application enabling fully traceable and compliant digital trade of materials.
“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.
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“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 has enabled PIBOs to secure over one million metric tonnes of EPR credits through CPCB-certified recyclers. With the launch of its mobile app, EcoEx is poised to amplify its impact, introducing real-time tracking, secure digital payments, and e-auction capabilities to streamline digital commodity trade. The app is rapidly gaining momentum, with over 3,000 recyclers/collectors already onboard across India.
“This is more than funding, it’s validation of a movement,” said Akshaya Rath, CEO, EcoEx.
EcoEx is a tech-enabled environmental services company committed to transforming waste management by using innovative technology platforms for better traceability to improve sustainability.
