This funding aims to boost EcoEx’s tech-driven waste management platform and scale transaction value to USD 20 million ahead of IPO

EcoEx Clean Technology Solutions has raised USD 4 million in a strategic funding round led by Dovetail Global Fund PCC, Navbharat Investment Fund, and Narnolia Velox Fund, with participation from both domestic and international investors. The capital injection comes as the company prepares for a potential initial public offering.

The funds will support technology enhancement, talent acquisition and the expansion of the company particularly its newly launched waste commodity app. The mobile application is the first of its kind in India enabling fully traceable and compliant digital trade of waste materials.

“This funding marks a pivotal moment for EcoEx,” said Nimit Aggarwal, Founder and Director. “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 USD 20 million in transaction value in FY 2025-26 transforming waste into both a climate and economic opportunity,” he stated.

Since its inception, EcoEx has helped producers and importers of branded output (PIBOs) secure over one million metric tonnes of extended producer responsibility (EPR) credits through CPCB-certified recyclers. The new mobile app will further enhance impact by offering real-time tracking, secure digital payments, and e-auction capabilities. Over 3,000 recyclers and collectors have already joined the platform across India.

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