Team StartupCity

• EcoEx secures $4 million in seed funding led by Dovetail Global Fund PCC.
• Funds to boost tech innovation, expansion, and ESG aligned waste management.
• The startup aims to cross $20 million in transaction value by FY25-26.

EcoEx, a sustainable waste management and clean technology startup, has raised $4 million in a seed funding round led by Dovetail Global Fund PCC, Navbharat Investment Fund, and Narnolia Velox Fund, with participation from both domestic and global investors.

The funding will help EcoEx enhance its technology platform, strengthen its team, and expand operations across India. The company plans to accelerate its efforts in building traceable and accountable waste management systems that align with Environmental, Social, and Governance (ESG) goals.

Nimit Aggarwal, Founder and Director of EcoEx, said the investment represents a major milestone for the company as it prepares for its upcoming IPO. “With the support of our investors, we are scaling our mission to transform waste into a climate-positive and economically rewarding opportunity. We’re on track to exceed $20 million in transaction value by FY25-26”, he said.

Akshaya Rath, CEO of EcoEx, added that the funding validates EcoEx’s vision of leveraging technology to drive climate accountability and sustainable compliance across the waste value chain.

Also Read: IIT Madras Startup Wankel Raises $1 Million for Clean Energy Tech

Since its inception, EcoEx has built strong momentum, onboarding more than 3,000 recyclers and collectors across India. Its digital platform integrates Extended Producer Responsibility (EPR), credit exchange, compliance automation, and consulting services to help industries manage waste more efficiently.

With this fresh capital, EcoEx aims to lead India’s growing waste tech movement by combining sustainability with profitability.