About Ecoex
Ecoex is an Environment company based in Delhi (India) by Nimit Aggarwal and Akshaya Rath. It offers EPR services, waste commodity trading, and technology consulting for waste management. It operates on a B2B and Marketplace model. Ecoex has raised $4 million across 1 funding round from investors including Narnolia, Dovetail Capital and navcapital.co.in. The company has 34 employees. Its chief executive, as recorded, is Akshaya Rath. Its Indian entity Karma Ecotech Limited reported revenue of ₹58.13 Cr. Ecoex offers products and services including EPR Services, Waste Commodity Trades, Technology Consulting, and Eco Friendly Products. Its focus areas include Environmental, Waste Management Tech, Recycling and EPR Services. Its competitors include Nepra, Peppermint Robotics and Let's Recycle; 3 of its 3 listed competitors have raised funding.
Company details
EcoEx operates as a digital platform providing plastic waste management, e-waste services, and waste commodity trading. It facilitates B2B transactions through an automated portal, including technology consulting for recycling units and waste-to-energy plants. Based in New Delhi, India, it connects members like producers and recyclers to ensure transparent waste lifecycle management and regulatory compliance. The company supports environmental goals through secure, online auctions and dedicated support.
- Headquarters Delhi, India
- Employees 34
- Founders Nimit Aggarwal, Akshaya Rath
- SectorsEnvironment
- Email••••••••
- Phone•••• ••••
- Website ecoex.market
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Karma Ecotech Limited
- Date of Incorporation 28 Sep, 2018
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹58.13 Cr
FY 2025 · +168% YoY
- Net Profit₹11.07 Cr
FY 2025 · 19% margin
- EBITDA₹11.65 Cr
FY 2025 · 20% margin
- Total Equity Funding$4M (USD)
in 1 rounds
- Latest Funding Round$4M (USD), Seed
Oct 2025
- InvestorsNarnolia
& 2 more
- Employee Count34
Associated legal entities of Ecoex
Ecoex operates through Karma Ecotech Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Karma Ecotech Limited CIN U74999DL2018PLC339735 | Active | 28 Sep 2018 | New Delhi, Delhi | ₹58.1 Cr | 34 | 5 | View details |
Products & Services of Ecoex
Ecoex offers a comprehensive portfolio of products and services, including EPR Services, Waste Commodity Trades, Technology Consulting, and Eco Friendly Products.
Handles plastic and e-waste management for regulatory compliance.
Enables buying and selling of waste products through online portal.
Assists in setting up recycling and waste-to-energy facilities.
Offers biodegradable items for environmental solutions.
Apps and channels of Ecoex
its YouTube channel EcoEx has 99 subscribers and 20 videos.
Videos from Ecoex
The most watched videos on Ecoex's YouTube channel, EcoEx (99 subscribers). Click a video to play it here.
More on EcoEx.
Funding Insights of Ecoex
Ecoex has successfully raised a total of $4M through 1 strategic funding round. The most recent funding activity was a Seed round of $4 million completed in October 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $4M
- Total Rounds 1
- Last Round Seed — $4M
- First Round $4M
(Oct 2025)
- Investors Count 3
All 1 funding rounds of Ecoex with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2025 | $4M | Seed | – | navcapital.co.in, Dovetail Capital | – |
3 investors in total: 3 institutional.
Investors in Ecoex
Ecoex has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Narnolia, Dovetail Capital and navcapital.co.in.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment management services are provided for institutional and high-net-worth clients. | 2017 | dovetailindia.com | Mumbai, India | |
Multi-asset trading platform | 1997 | narnolia.com | Kolkata, India | |
| navcapital.co.in |
Investor details for Ecoex
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Board of directors of Karma Ecotech Limited (Ecoex)
Karma Ecotech Limited is the primary company behind Ecoex. The board of Karma Ecotech Limited currently have 4 directors; the longest-serving is Nimit Aggarwal, appointed in 2018. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Nimit Aggarwal DIN 06713604 | Director | 28 Sep 2018 | 8 yrs 1 mo | Karma Ecotech Limited |
| Satya Bhusan Dash DIN 10095247 | Director | 04 May 2023 | 3 yrs 5 mo | Karma Ecotech Limited |
| Akshaya Kumar Rath DIN 06770879 | Director | 29 Mar 2024 | 2 yrs 7 mo | Karma Ecotech Limited |
| Sundeep Kumar Nayak DIN 02140600 | Additional Director | 04 Nov 2025 | 11 mo | Karma Ecotech Limited |
People of Ecoex
4 people are tracked at Ecoex (4 in leadership); the tracked headcount is 34.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder, CEO | Leadership | |
Raahul Tiwari | Vice President- Strategic Alliances & Enterprise Business | Leadership |
Pusshp Kr. Singh | Associate Vice President -stretegic Alliance & Enterprise Business | Head Of BD &operations | Leadership |
Complete people profiles for Ecoex
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Financials of Ecoex
Figures of Karma Ecotech Limited, the primary company behind Ecoex, for FY 2025. Revenue was ₹58.13 Cr (+168% year on year). Net profit was ₹11.07 Cr (19% margin). EBITDA was ₹11.65 Cr (20% margin). Revenue has grown at a compounded annual rate of +237% over three years and +120% over five years.
- ₹58.13 CrRevenue · FY 2025 · +168% YoY
- ₹11.07 CrNet profit · 19% margin
- ₹11.65 CrEBITDA · 20% margin
- ₹1.08 CrPaid-up capital
- 34Employees (provident fund records)
- +237%Revenue CAGR, 3 years
- +120%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Karma Ecotech Limited are on its company page.
Detailed financial statements for Ecoex
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
Verified entity values are shown only after access is granted.
Competitors of Ecoex
Ecoex has 3 listed competitors in our database, 3 of them funded. They include Nepra, Peppermint Robotics and Let's Recycle.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| nepra.co.in | 2006 | Ahmedabad, India | $39.33M | 263 | Provides solutions for the collection, segregation, processing, and recycling of municipal dry waste | |
| peppermintrobotics.com | 2019 | Pune, India | $7.31M | 95 | Intelligent robots are provided for commercial and industrial automation tasks. | |
| letsrecycle.in | 2012 | Ahmedabad, India | $38.62M | 262 | Dry waste is collected, segregated, and sent to authorized recyclers. |
Detailed competitors of Ecoex
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Web traffic of Ecoex
The website of Ecoex (ecoex.market) receives about 1.8K visits a month.
- Monthly visits1.8K
▼ 13.3% vs previous month
Websites whose visitors overlap most with Ecoex. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
indianchemicalregulation.com | indianchemicalregulation.com | 100% | #4,585,349 | – |
Top companies in Waste & Water Management Systems
3 companies that operate in the same segment as Ecoex (Waste & Water Management Systems) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of climate-smart deeptech solutions for renewable energy and sustainable agriculture | 2010 | Pune, Maharashtra, India | USD 76.38 M | USD 56.11 M | 702 | |
Provider of smart water purifier rental and maintenance services | 2016 | Bengaluru, Karnataka, India | USD 19.29 M | USD 3.62 M | ||
Tech-based solid waste management and recycling solutions are provided. | 2008 | Noida, Uttar Pradesh, India | USD 31.1 M | USD 52.13 M | 106 |
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Related news about Ecoex
Complete news archive for Ecoex
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Frequently Asked Questions about Ecoex
Ecoex is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Akshaya Rath is the CEO of Ecoex, as recorded in our data. They have also founded this company.
Ecoex is a funded company, having raised a total of $4M across 1 funding round to date. The company's 1st funding round was a Seed of $4M, raised on Oct 2025.
Ecoex has 34 employees.
The primary company behind Ecoex, Karma Ecotech Limited, reported revenue of ₹58.13 Cr for FY 2025, up 168% year on year.
EcoEx operates as a digital platform providing plastic waste management, e-waste services, and waste commodity trading. It facilitates B2B transactions through an automated portal, including technology consulting for recycling units and waste-to-energy plants. Based in New Delhi, India, it connects members like producers and recyclers to ensure transparent waste lifecycle management and regulatory compliance. The company supports environmental goals through secure, online auctions and dedicated support.
Ecoex's top competitors include Peppermint Robotics, Nepra and Let's Recycle.
Ecoex offers EPR Services, Waste Commodity Trades, Technology Consulting, and Eco Friendly Products.
Ecoex has 3 investors. Key investors include Narnolia, Dovetail Capital, and navcapital.co.in.
Ecoex operates through Karma Ecotech Limited.
The legal entities of Ecoex currently have 5 directors, including Nimit Aggarwal, Sundeep Kumar Nayak, Akshaya Kumar Rath and others.