India’s clean technology space is heating up fast, and EcoEx stands at the center of this transformation. On October 6, 2025, the Delhi-based clean-tech startup EcoEx announced that it raised $4 million in a funding round led by Dovetail Global, with participation from several impact-focused angel investors. The new capital will help EcoEx expand its digital waste management infrastructure, strengthen its recycling marketplace, and bring more transparency to India’s circular economy ecosystem.
EcoEx’s mission is simple yet ambitious — to make sustainability profitable and accessible for every business. The startup connects waste producers, recyclers, and sustainability auditors through a single platform that tracks waste flows, ensures compliance, and rewards recycling efforts with verified carbon and plastic credits.
A Startup Built on India’s Waste Challenge
India generates nearly 62 million tonnes of waste every year, and a large portion of that remains untreated. Traditional recycling models rely heavily on informal sectors, manual segregation, and poor transparency. As a result, large corporations struggle to meet their Extended Producer Responsibility (EPR) targets — a regulatory framework that mandates companies to recover and recycle a specific percentage of their waste.
EcoEx identified this gap early. Founded in 2021 by Ranjit Singh and Vishal Gupta, the company built an online EPR credit marketplace that connects producers with verified recyclers and sustainability service providers. The platform digitizes every stage of the waste value chain — from collection to processing to credit generation — using blockchain-backed verification.
Ranjit Singh, the CEO, says, “We don’t just want to recycle waste; we want to create a transparent digital backbone for India’s sustainability economy. Every tonne of waste we recover tells a story of responsibility and innovation.”
Why Investors Are Betting Big
Dovetail Global, the lead investor, sees EcoEx as a key player in India’s green transition. The fund focuses on early-stage companies driving measurable climate impact. In its statement, Dovetail said it chose EcoEx because of its “real-world problem-solving approach and scalable model for environmental accountability.”
EcoEx doesn’t just serve large corporations; it also empowers small and medium businesses (SMBs) that struggle with compliance and lack visibility in their recycling practices. The platform provides data dashboards, sustainability reports, and verified credits, making it easier for companies to meet both regulatory and ESG (Environmental, Social, and Governance) goals.
Dovetail Global partner Sonia Mehta commented, “EcoEx solves three core problems simultaneously — transparency, traceability, and trust. They’ve made sustainability a measurable and tradable asset.”
The latest round also saw participation from GreenSpark Ventures, Impact Catalysts, and a few angel investors from the clean-tech and fintech sectors.
Where the Money Will Go
EcoEx plans to deploy the $4 million in three major directions:
- Technology Expansion:
The company will enhance its platform with AI-driven waste tracking tools and predictive analytics to help businesses forecast waste generation patterns and plan recovery targets. - Operational Scale:
EcoEx will expand to 10 new cities, including tier-2 hubs such as Indore, Surat, and Bhubaneswar. It aims to onboard over 500 new recyclers and 1,000 producer organizations within the next year. - Product Diversification:
EcoEx will introduce carbon credit trading, allowing companies to offset emissions alongside plastic and electronic waste credits.
EcoEx’s Impact So Far
In just four years, EcoEx has created measurable results:
- Processed over 250,000 tonnes of plastic waste.
- Partnered with 120+ verified recyclers and 700+ producer organizations.
- Enabled generation of 1.4 million verified plastic credits.
- Helped FMCG and electronics majors comply with EPR obligations under India’s Plastic Waste Management (PWM) Rules.
By digitizing waste recovery, EcoEx has brought accountability into a sector long plagued by manual record-keeping and opacity. The startup uses IoT sensors and blockchain verification to ensure that every credit represents real-world recycling, not greenwashing.
Vishal Gupta, co-founder and CTO, explains, “Our goal is to make waste management data-rich, not guesswork. We combine hardware, software, and policy alignment to turn environmental action into business intelligence.”
The Bigger Picture: India’s Green Economy in Motion
EcoEx’s funding comes at a time when India is aggressively pushing toward net-zero emissions by 2070. The country’s climate-tech and sustainability startups have raised more than $2.3 billion in 2025 alone, according to data from Tracxn. The surge spans verticals such as carbon capture, green logistics, electric mobility, and renewable energy.
Government initiatives like Swachh Bharat Mission 2.0, PLI schemes for circular economy manufacturing, and stricter EPR enforcement by the CPCB (Central Pollution Control Board) have created fertile ground for innovation.
EcoEx’s digital-first approach aligns perfectly with these national goals. By introducing verified waste credits and digital compliance tools, the company bridges the gap between regulation and real implementation.
Tackling the Trust Deficit in Recycling
One of the biggest challenges in India’s recycling ecosystem is trust. Many producers remain skeptical about whether their credits represent real recycling. Fraudulent reporting and lack of verification have eroded confidence in EPR credit systems.
EcoEx addresses this through digital traceability. Every waste collection and processing event generates a unique transaction record on a tamper-proof blockchain ledger. Independent auditors and regulatory authorities can access these records to verify authenticity.
Ranjit Singh emphasizes, “You can’t manage what you can’t measure. Our system ensures that every recycled kilo is visible, traceable, and verifiable.”
Educating the Market
EcoEx also invests heavily in awareness and education. The company regularly conducts workshops for municipal corporations, recyclers, and producer organizations to improve their understanding of EPR compliance and sustainable practices.
In 2025 alone, EcoEx hosted 30+ industry roundtables and collaborated with FICCI and CII to standardize digital waste reporting frameworks. These efforts have positioned EcoEx as a thought leader in India’s clean-tech movement.
Competition and the Road Ahead
The clean-tech and EPR market is getting crowded, with players like Recykal, Karo Sambhav, and Sampurn(e)arth competing for market share. However, EcoEx differentiates itself through its tech-first infrastructure and verified trading ecosystem.
Unlike traditional brokers, EcoEx functions as a digital exchange, not just a marketplace. It offers real-time analytics, ESG impact dashboards, and integrations with ERP systems — making sustainability part of the business workflow, not an afterthought.
The company aims to become India’s largest digital EPR exchange by 2027, facilitating billions in verified sustainability transactions.
The Global Lens
The global circular economy market is projected to surpass $700 billion by 2030, and investors worldwide are eyeing scalable, data-driven solutions from emerging markets like India. EcoEx plans to explore Southeast Asia and the Middle East in the coming years, where waste management infrastructure still lacks digitization.
With Dovetail Global’s backing, EcoEx will also collaborate with international sustainability networks to standardize digital EPR reporting.
The Bottom Line
EcoEx’s $4 million raise is more than a funding milestone — it’s a vote of confidence in India’s growing clean-tech ecosystem. By turning waste into verified value, the company demonstrates how technology can make sustainability measurable, transparent, and profitable.
As India’s cities swell and its waste mountains grow, EcoEx’s mission carries both urgency and hope. The startup proves that when data meets purpose, even garbage can tell a story of progress.
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