Skip to main content

EcoEx

Category: AI in Climate / Energy

EcoEx is a digital marketplace for plastic waste management, focusing on the exchange of plastic credit certificates. EcoEx was founded in 2020. The company is led by Akshaya Rath. Based in Delhi, India. Team size: 11-50. Total funding raised: $4 million. Latest round: Seed Funding. Key investors include ["Dovetail Global Fund PCC","Navbharat Investment Fund","Narnolia Velox Fund"].

Founded
2020
Headquarters
Delhi, India
Team size
11-50
Total funding
$4 million

Value proposition

To provide a transparent and efficient digital platform for stakeholders in the plastic recycling value chain to connect, trade plastic credits, and ensure compliance with Extended Producer Responsibility (EPR) regulations.

Products and solutions

["Digital marketplace for Plastic Credit Certificates (PCCs)","A platform connecting a network of verified plastic recyclers and processors"]

Unique value

EcoEx is India's first digital marketplace for plastic credits, bringing transparency and efficiency to the traditionally unorganized and fragmented plastic waste management sector.

Target customer

Plastic producers, brand owners, recyclers, waste collectors, and end-of-life processors.

Industries served

["Waste Management","Recycling","Environmental Services","Consumer Goods","Manufacturing"]

Technology advantage

The company's core advantage is its technology platform that creates a verified, networked ecosystem for all stakeholders in the plastic waste value chain, enabling efficient and transparent trading of plastic credits.

How they differentiate

EcoEx differentiates itself by operating as India's first digital marketplace for plastic waste management, focusing on plastic credit certificates and Extended Producer Responsibility (EPR) compliance. It utilizes a cloud-based platform and blockchain technology to connect producers, recyclers, and waste management agencies, ensuring transparency, traceability, and efficiency in transactions.

Main competitors

["Recykal","Saahas Zero Waste","Banyan Nation"]

Key partnerships

["Dovetail Global (lead investor)","A network of verified plastic recyclers, waste collectors, and processors across India"]

Notable customers

["Tata","Dabur"]

Major milestones

["Launched India's first digital marketplace for plastic credit certificates.","Integrated blockchain technology for real-time traceability and fraud prevention.","Became a major player in EPR certification in India.","Won The Policy Times Sustainability Business Excellence Award in 2021."]

Growth metrics

The company has facilitated over 1 million metric tons of plastic credit transactions for more than 500 corporations.

Market positioning

EcoEx is positioned as a technology-driven enabler in the circular economy, acting as a digital intermediary and marketplace rather than a physical waste processor. It focuses on organizing the unorganized waste management sector through its platform, facilitating compliance and credit trading for major corporations.

Geographic focus

India

Patents and IP

Information not publicly available.

About Akshaya Rath

Akshaya Rath is the Co-Founder and CEO of EcoEx. He plays a crucial role in the company's operations and strategic initiatives, focusing on building a sustainable ecosystem for plastic waste management in India through a digital marketplace.

Official website: