RecommerceX, a chemical recycling and sustainability startup, ahas Secured $3.6 million in seed funding from Accel and Kae Capital.
The money will go toward building the team, upgrading the technology platform, funding improved material recovery R&D, and growing the company’s activities in India and other foreign markets.
Founder and CEO Shobhit Goel claims that no significant firms are in charge of these sectors, making this a very disorganized market.
Shobhit Goel, Mohit Gulyani, and Ajay Gupta founded the firm in 2024 with the goal of processing industrial waste to obtain valuable minerals and by-products that its clients can use as raw materials. It works with plastics, metals, and electronic trash, among other types.
“We started with India because our head office is here, but we will definitely expand to other geographies, including the UAE and the USA, over the next year,” said Goel
The startup company located in Noida primarily caters to medium-sized manufacturing organizations and engineering, procurement, and construction (EPC) firms as its clientele.
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About RecommerceX
RecommerceX aims to become India’s largest technology-enabled recycling and circularity firm. They are researching methods to recycle and recover Critical Metals (Li, Ni, Co, Cu, Pb, Ti, Au, Ag) from e-waste and batteries. It also assist recyclers in sourcing high-quality recyclables legally and traceably.
