VC Fund Investments
Material waste recycler Recommercex raises $3.6 M led by Accel, Kae Capital
Noida-headquartered RecommerceX , a chemical recycling and sustainability startup, has raised USD 3.6 million in a funding round led by Accel India and Kae Capital.The new funds will be used for expanding the team, developing its technology platform, investing in R&D for advanced material recovery, and scaling business operations.Founded in 2024 by Shobhit Goel, Mohit Gulyani, and Ajay Gupta, the startup focuses on processing industrial waste to extract valuable materials and by-products that can be used as raw materials by its customers. It operates in multiple categories, including plastics, metals, and electronic waste. The firm also plans to expand to other geographies, including the UAE and the USA, over the next year.
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