RecommerceX
2 known investors
Find your way into RecommerceX
Indian chemical recycling startup processing industrial plastic, metal and e-waste into recovered raw materials.
Also known as RECOMMERCEX PRIVATE LIMITED · RecommerceX Pvt Ltd
Investors · 2
Funding
SEC filings, press & company announcements$3.6M disclosed across 1 of 2 rounds · 2024
- $3.6MseedSep 2024 · 2 sources
Accel (lead), Kae Capital (lead)
Source ↗
Source: company announcements and press reports — follow each round's link for the claim.
Company profile
researched Aug 2026RecommerceX (RECOMMERCEX PRIVATE LIMITED) is a Noida, Uttar Pradesh-based chemical recycling and sustainability company founded in 2024 by Shobhit Goel, Mohit Gulyani and Ajay Gupta. The company processes industrial waste to extract valuable materials and by-products that its customers can reuse as raw materials, operating across multiple waste categories including plastics, metals and electronic waste.
The business combines physical waste operations with a technology platform: it procures waste, segregates it, chemically recovers valuable components, and supplies the recycled output back into industrial supply chains. Inc42 classifies the company in the clean tech sector and notes that alongside waste management services it offers digital platforms. As of the September 2024 seed announcement, the company was processing roughly 1,000 tonnes of waste per month, with a stated target of about 10,000 metric tonnes per month within a year.
Founding story
RecommerceX was founded in 2024 by Shobhit Goel, Mohit Gulyani and Ajay Gupta, targeting what CEO Shobhit Goel described as a highly unorganised waste category with no major players, with the aim of becoming an entity that can procure, segregate, chemically recover and resupply waste-derived materials.
Business model
RecommerceX procures industrial waste, segregates it and chemically recovers valuable components, then sells the recycled output as raw material inputs to industrial buyers, supported by a technology platform for the process.
Revenue is generated from supplying recovered and recycled materials as raw material inputs to industrial customers.
Traction
At the time of the September 2024 seed announcement the company was processing about 1,000 tonnes of waste per month, with a stated goal of roughly 10,000 metric tonnes per month within a year. Inc42 reports revenue of INR 46.5 Cr for FY25 and an employee count of 28.
Latest developments
In September 2024 RecommerceX announced a $3.6 million seed round led by Accel and Kae Capital, to be used for team expansion, technology platform development, R&D in advanced material recovery, and scaling operations in India and international markets.
▸Full profile — market position, technology, go-to-market, geography, history
Market position
The company positions itself in a segment its CEO characterises as highly unorganised with no major incumbent players managing the waste categories it handles. Investors cited rising consumer eco-consciousness, reduced industrial dependence on virgin raw materials, supply chain decarbonisation and traceability as drivers.
Technology
Chemical recycling and advanced material recovery processes for plastics, metals and electronic waste, combined with a technology platform; part of the 2024 seed proceeds was allocated to R&D in advanced material recovery and platform development.
Go-to-market
Medium to large manufacturing companies and engineering, procurement and construction (EPC) firms.
Geography
Headquartered in Noida, Uttar Pradesh, India, with operations in India and stated plans to expand to other geographies including the UAE and the United States.
History
The company was founded in 2024 in Noida by Shobhit Goel (CEO), Mohit Gulyani and Ajay Gupta. In September 2024 it announced a $3.6 million seed round led by Accel and Kae Capital, intended to fund team expansion, technology platform development, R&D in advanced material recovery and operational scaling.
Compiled by commissioned research from 5 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 1
launches, deals, and filingsThe chemical recycling and sustainability startup raised $3.6 million in seed funding to expand its team, develop its technology platform, invest in R&D for advanced material recovery and scale operations in India and international markets.
$3.6M source ↗
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
In the news
▸Research sources · 5
primary sources listed
- RecommerceX — Funding, Revenue & Investors (2026) | Inc42inc42.com · web
5 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does RecommerceX do?
- Indian chemical recycling startup processing industrial plastic, metal and e-waste into recovered raw materials.
- Who are RecommerceX's investors?
- RecommerceX's investors include Accel, Kae Capital.
- How much funding has RecommerceX raised?
- RecommerceX has disclosed $3.6M raised across 1 of its 2 known rounds.