Cleantech startup EcoEx secures $4 million led by Dovetail Global

EcoEx, a cleantech startup, has raised $4 million in a strategic funding round, Dovetail Global Fund, PCC, Navbharat Investment Fund, and Narnolia Velox Fund, along with participation from other investors.

The startup plans to use the new funding to upgrade its technology, expand its cleantech offerings, and scale its recently launched Waste Commodity App.

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“With the support of global and domestic investors, we are accelerating our efforts to build traceable, accountable, and profitable solutions for industries,” said Nimit Aggarwal, founder and director, EcoEx. “We are on track to cross $20 million in transaction value in FY26,” he added.

About EcoEx 

Founded in 2020 by Nimit Aggarwal and Akshaya Rath, New Delhi-based EcoEx operates a digital marketplace and compliance platform that enables businesses to manage and recycle waste efficiently. It connects producers, recyclers, and waste collectors to trade materials such as plastics and e-waste. In FY24, the company expanded into the waste management sector through its mobile apps.

Its client base includes notable companies such as Anmol, Ananda, Amrico, Canon, Adani Wilmar, and Haldiram, among others.

The company reports facilitating over one million metric tonnes of EPR credits for producers, importers, and brand owners, helping them fulfill their waste collection and recycling obligations through CPCB-certified recyclers.

Its platform features an EPR credit exchange, compliance automation, and consultancy services to support industries in meeting regulatory standards.

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EcoEx has also launched a mobile app offering real-time tracking, digital payments, and e-auction capabilities for commodity trading, with over 3,000 recyclers and collectors onboard across India.

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