# RecommerceX

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/recommercex

- Industry: Environmental Services
- Headquarters: Noida, India
- Website: www.recommercex.com
- Total disclosed funding: $3.6M
- Latest round: Seed (Aug 28, 2024)
- Investors on record: 2

## About

Based in New Delhi, India, and founded in 2024 by Chief Executive Officer Shobhit Goel, RecommerceX Pvt Ltd operates as a manufacturing company providing processing of industrial waste, including plastics, metals, and electronic waste, to recover critical materials and valuable by-products that can be utilized as raw materials by its clients. In September 2024, RecommerceX raised USD 3.6 million in seed funding co-led by Accel and Kae Capital. 

RecommerceX Pvt Ltd specializes in recovering critical metals like lithium, nickel, cobalt, and copper from end-of-life batteries and e-waste. It offers a range of products and services aimed at facilitating the recycling process. The company sources and supplies recyclable materials, including metal scraps, plastics, and electronic waste, to recyclers, promoting the circular economy. In addition, the firm’s technology supports supply chain management, transparency, and regulatory compliance in the growing recycling industry. 

The company plans to use the funding from September 2024 to expand its team, scale its operations both domestically in India and internationally, and advance its technological infrastructure as well as its research and development efforts.

## Funding rounds

- Seed, Aug 28, 2024, $3.6M — Accel, Kae Capital

## Investors

- Accel (https://capitalatlas.ai/funds/accel) — Seed
- Kae Capital (https://capitalatlas.ai/funds/kae-capital) — Seed