RecommerceX Raises $3.6 Million in Funding Led by Accel and Kae Capital

RecommerceX is a fast-emerging player in the recycling and sustainability sector. RecommerceX secured $3.6 million in a funding round co-led by Accel and Kae Capital. The investment will bolster the company’s team, accelerate the development of its technology platform, and expand its research in advanced material recovery.

The company focuses on extracting valuable materials and by-products from industrial waste, which are repurposed as raw materials for the electronics, metals, and plastics industries. With plans to expand its operations beyond India to regions like the UAE and the USA, RecommerceX is poised to make a global impact on the recycling ecosystem.

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Shobhit Goel, one of the co-founders of RecommerceX, said, “India has been our launchpad, but our ambitions are global. We will venture into the UAE and USA markets in the coming year, bringing our innovative solutions to new geographies.”

About RecommerceX

Founded in 2024 by Shobhit Goel, Mohit Gulyani, and Ajay Gupta, RecommerceX aims to revolutionize recycling and the circular economy and contribute to sustainable industrial practices worldwide.