RecommerceX, a startup focusing on recycling industrial waste, has secured $3.6 Mn in seed funding to enhance its technology and expand operations.
The company aims to revolutionize the recycling industry by setting new standards and providing traceable, tax-compliant recovered materials.
With a focus on plastics, metals, and e-waste, RecommerceX targets medium to large manufacturers, offering them a transparent and compliant supply chain for recycled materials.
Chemical recycling and sustainability startup RecommerceX has raised $3.6 Mn (INR 30.23 Cr) in a seed funding round co-led by Accel and Kae Capital.
The company plans to use the fresh funds for hiring, develop its technology platform, invest in R&D for advanced material recovery and scale up its business operations in India and across multiple geographies.