About RecommerceX
RecommerceX is a company based in Noida (India) founded in 2024 by Ajay Gupta, Mohit Gulyani, and Shobhit Goel.. RecommerceX has raised $9.6 million across 2 funding rounds from investors including Accel, Kae Capital and Tarun Mittal. The company has 1 employees as of March 31, 2024. RecommerceX offers products and services including B2B Platform. RecommerceX operates in a competitive market with competitors including Saahas Zero Waste, Nepra, Peppermint Robotics, Let's Recycle and Organic Recycling Systems, among others.
- Headquarter Noida, India
- Employees 1 as on 31 Mar, 2024
- Founders Ajay Gupta, Mohit Gulyani, Shobhit Goel
- Stage Minicorn
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Sectors
Environment
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Email
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Phone
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Website
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Social
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- Legal Name Recommercex Private Limited
- Date of Incorporation 08 Feb, 2024
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$9.6 M (USD)
in 2 rounds
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Latest Funding Round
$6 M (USD), Series A
Nov 08, 2025
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Investors
Accel
& 7 more
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Employee Count
1
as on Mar 31, 2024
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Products & Services of RecommerceX
RecommerceX offers a comprehensive portfolio of products and services, including B2B Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Facilitates business-to-business transactions for supply chain operations.
Funding Insights of RecommerceX
RecommerceX has successfully raised a total of $9.6M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $6 million completed in November 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 Total Funding
- Total Rounds 2
- Last Round Series A — $6.0M
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First Round
First Round
(28 Aug 2024)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2025 | Amount | Series A - RecommerceX | Valuation | Accel , Kae Capital |
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| Aug, 2024 | Amount | Seed - RecommerceX | Valuation | Accel , Kae Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in RecommerceX
RecommerceX has secured backing from 8 investors, including venture fund and angel investors. Prominent investors backing the company include Accel, Kae Capital and Tarun Mittal. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location | |
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Early-stage investing in tech startups in India.
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Founded Year | Domain | Location | |
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TM
Tarun Mittal |
Angel investor, ex-entrepreneur, focused on early-stage Indian startups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by RecommerceX
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - RecommerceX
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Recommercex Comparisons
Competitors of RecommerceX
RecommerceX operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Saahas Zero Waste, Nepra, Peppermint Robotics, Let's Recycle and Organic Recycling Systems, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Developer of solutions for waste management
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| domain | founded_year | HQ Location |
Provides solutions for the collection, segregation, processing, and recycling of municipal dry waste
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| domain | founded_year | HQ Location |
Intelligent robots are provided for commercial and industrial automation tasks.
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| domain | founded_year | HQ Location |
Dry waste is collected, segregated, and sent to authorized recyclers.
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| domain | founded_year | HQ Location |
Provider of waste management solutions
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Recommercex
Frequently Asked Questions about RecommerceX
When was RecommerceX founded?
RecommerceX was founded in 2024.
Where is RecommerceX located?
RecommerceX is headquartered in Noida, India. It is registered at Noida, Uttar Pradesh, India.
Who is the current CEO of RecommerceX?
Shobhit Goel is the current CEO of RecommerceX. They have also founded this company.
Is RecommerceX a funded company?
RecommerceX is a funded company, having raised a total of $9.6M across 2 funding rounds to date. The company's 1st funding round was a Seed of $3.6M, raised on Aug 28, 2024.
How many employees does RecommerceX have?
As of Mar 31, 2024, the latest employee count at RecommerceX is 1.
What does RecommerceX do?
Manufacturer of recycled steel and plastic products from industrial waste. It transforms industrial waste into high-quality stainless and alloy steel, as well as recycled plastic solutions. The manufacturing process utilizes sustainable practices and incorporates energy-efficient and waste-reduction techniques. Products include steel billets, ingots, bars, rods, and various alloy steel shapes. Recycled plastic products are derived from materials such as PET bottles and HDPE containers. The company focuses on sustainable manufacturing, reducing environmental impact, and conserving natural resources.
Who are the top competitors of RecommerceX?
RecommerceX's top competitors include Peppermint Robotics, Nepra and Saahas Zero Waste.
What products or services does RecommerceX offer?
RecommerceX offers B2B Platform.
Who are RecommerceX's investors?
RecommerceX has 8 investors. Key investors include Accel, Kae Capital, Tarun Mittal, Ashish Dhurvendra Goel, and Ketaki Pande Gupta.
What is RecommerceX's valuation?
The valuation of RecommerceX is $13.93M as of Aug 2024.
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