EcoEx, a tech-enabled environmental services company, 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 ahead of IPO preparation.
The funds raised will be used to 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.
Founded in 2020 by Nimit Aggarwal and Akshaya Rath, EcoEx is a Waste Management Agency (WMA) that offers Extended Producer Responsibility (EPR) services covering plastic, tyres, rubber, batteries, and e-waste.
EcoEx offers expertise in waste collection, waste commodity trading, and EPR services. Bulk waste generators and certified recyclers can do transactions to achieve ethical disposal and compliance norms by using technology tools such as EPR Pro, B2B E-marketplace and mobile apps.
Its platform integrates EPR credit exchange, compliance automation, and consultancy services, making it the preferred partner for industries seeking to meet sustainability and regulatory commitments.
Since its inception, EcoEx has enabled PIBOs to secure over 1 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.
Nimit Aggarwal, Founder & Director, EcoEx, 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 USD 20 Million in transaction value in FY 25–26, transforming Waste into both a climate and economic opportunity.”
Akshaya Rath, CEO, EcoEx, said, “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.”
