When was RecommerceX founded?

RecommerceX was founded in 2024 and raised its 1st funding round within a year of its incorporation.

Where is RecommerceX located?

RecommerceX is headquartered in Noida, India. It is registered at EB-108, 1ST FLOOR, DDA DUPLEX MAYA ENCLAVE, Hari Nagar (West Delhi), West Delhi, New Delhi, Delhi, India, 110064.

Who is the current CEO of RecommerceX?

Shobhit Goel of RecommerceX. They have also founded 1 company.

Which legal entities is RecommerceX associated with?

RecommerceX is associated with RECOMMERCEX PRIVATE LIMITED.

How many employees does RecommerceX have?

As of Aug 31, 2025, the latest employee count at RecommerceX is 27.

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 round, raised on Aug 28, 2024.

How much is RecommerceX worth?

The latest valuation of RecommerceX is ₹***** as of Nov 08, 2025.

When was the latest funding round of RecommerceX?

RecommerceX's latest funding was a $***** Series A round on Nov 08, 2025, with participation from 2 investors. Its primary sector is Solid Waste Management Tech. In India, the Solid Waste Management Tech sector has seen $179M in funding in 2026 to date.

What is the annual revenue of RecommerceX?

Annual revenue of RecommerceX is between ₹10 Cr and ₹50 Cr as on Mar 31, 2025

Where does RecommerceX rank among its competitors?

RecommerceX ranks 1st amongst 48 active competitors, of which 2 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was RecommerceX, which secured $6M in Nov, 2025.

Who are the top competitors of RecommerceX?

RecommerceX's top competitors include Sky Quarry, Carbios and Sparta Group. Among them, RecommerceX secured the most recent funding round in November, 2025.

RecommerceX - 2026 Company Profile, Team, Funding, Competitors & Financials

RecommerceX is a series A company based in Noida (India), founded in 2024 by Shobhit Goel, Ajay Gupta and Mohit Gulyani. It operates as a Manufacturer of steel and plastic products from recycled industrial materials. RecommerceX has raised $9.6M in funding from Accel and Kae Capital, with a current valuation of ₹*****. The company has 48 active competitors, including 2 funded and 2 that have exited. Its top competitors include companies like Sky Quarry, Carbios and Sparta Group.

Company Details

Manufacturer of steel and plastic products from recycled industrial materials. The company specializes in producing stainless steel, alloy steel, and advanced engineering polymers. These materials cater to industries including automotive, pharmaceuticals, oil and gas, and chemicals. It supplies compliant and traceable engineering materials, ensuring reliability for customer operations.

Website: recommercex.com
Email ID: *****@recommercex.com
Phone Number: +91 **********
Registered Address: EB-108, 1ST FLOOR, DDA DUPLEX MAYA ENCLAVE, Hari Nagar (West Delhi), West Delhi, New Delhi, Delhi, India, 110064

Key Metrics

Founded Year

2024

Location

Noida, India

Stage

Series A

Total Funding

$9.6M in 2 rounds

Latest Funding Round

Series A, Nov 08, 2025, $*****

Post Money Valuation

₹***** as on Nov 08, 2025

Investors

Accel & 7 more

Ranked

1^st among 48 active competitors

Annual Revenue

₹10 - ₹50 Cr as on Mar 31, 2025

Employee Count

27 as on Aug 31, 2025

Similar Companies

Sky Quarry & 48 more

View RecommerceX's full profile

RecommerceX is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
RECOMMERCEX PRIVATE LIMITED CIN: U46699DL2024PTC426391 , India, Active	Feb 08, 2024	₹10 - ₹50 Cr (As on Mar 31, 2025)	27 (As on Aug 31, 2025)

RecommerceX has raised a total funding of $9.6M over 2 rounds. Its first funding round was on Aug 28, 2024. Its latest funding round was a Series A round on Nov 08, 2025 for $*****. 2 investors participated in its latest round. RecommerceX has 2 institutional investors and 6 angel investors.

Here is the list of recent funding rounds of RecommerceX:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 08, 2025	6966466	Series A	8388918	5498136	1648834	4893816
Aug 28, 2024	4111361	Seed	1342508	3498522	Accel & 1 more	Tarun Mittal & 5 more

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View details of RecommerceX's funding rounds and investors

The founders of RecommerceX are Shobhit Goel, Ajay Gupta and Mohit Gulyani. Shobhit Goel is the CEO of RecommerceX.

Here are the details of RecommerceX's key team members:

Shobhit Goel: Co-Founder & CEO of RecommerceX.
Contact Info: 1 email address
Ajay Gupta: Co-Founder of RecommerceX.
Mohit Gulyani: Co-Founder & CBO of RecommerceX.
Contact Info: 1 email address

RecommerceX's Board of Directors

RecommerceX's board has 3 active members. Shobhit Goel, Mohit Gulyani and Ajay Gupta are part of team.

Here is the list of RecommerceX's board of directors:

Name	Type	Representing	Status	Duration
Shobhit Goel	Team	-	Current	2y 8m
Mohit Gulyani	Team	-	Current	2y 8m
Ajay Gupta	Team	-	Current	2y 8m

View details of RecommerceX's Founder profiles and Board Members

RecommerceX's employee count trend

RecommerceX has 27 employees as of Aug 25. Here is RecommerceX's employee count trend over the years:

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Top competitors of RecommerceX include Sky Quarry, Carbios and Sparta Group. Here is the list of Top 10 competitors of RecommerceX, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	RecommerceX 2024, Noida (India), Series A	Manufacturer of steel and plastic products from recycled industrial materials	$9.6M	Accel, Kae Capital & 6 others	57/100
2nd	Sky Quarry 2019, Woods Cross (United States), Public	Provider of waste management services	-	-	53/100
3rd	Carbios 2011, Ennezat (France), Public	Provider of a platform focused on enzymatic recycling processes	-	ADEME, Truffle Capital & 3 others	45/100
4th	Sparta Group 1988, Toronto (Canada), Late Stage	Developer of conversion technologies to upcycle material waste into products	-	-	44/100
5th	Alchemyca Biotech 2024, San Diego (United States), Seed	Developer of technology transforming waste into circular feedstocks for renewable resource production	$2.5M	Ferment	42/100
6th	Fiberight 2009, Abergavenny (United Kingdom), Deadpooled	Provider of waste collection services	-	United States Department of Agriculture, Wetzer Capital ... & 1 others	34/100
7th	Wastewear 2013, New York City (United States), Unfunded	Manufacturer of apparel and accessories created from recycled textile materials	-	-	30/100
8th	SUSTAINera 2023, Turin (Italy), Unfunded	Platform offers automotive solutions through remanufacturing and recycling of parts	-	-	29/100
9th	Ecomet Refining 2012, Treviglio (Italy), Funding Raised	Platform providing recycling and refining services using advanced technology	-	Europa	28/100
10th	UpCycle Bengaluru (India), Unfunded	Provider of waste recycling management and electric vehicle transport solutions	-	-	26/100

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Founders (largest shareholder) own 58.05%, Funds own 32.50%, Angels own 0.45% and ESOP Pool own 9.00%. The net worth of RecommerceX's founders is INR 309Cr as of Nov 08, 2025. The cap table displayed below is for RECOMMERCEX PRIVATE LIMITED which is the legal entity associated with RecommerceX.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	58.05%	309Cr	7284504	6930996	7539549	2789865
Shobhit Goel	4717689	2476028	7591165	1302846	6999195	5626381
Mohit Gulyani	6600495	1016364	3142232	3305666	4587423	7181404
Ajay Gupta	5408754	6994195	2892426	2150143	1710285	2138202
Fund	32.50%	173Cr	8509096	7135822	8259100	1773935
Accel	7277244	9695008	2507722	3392412	5318525	9019035
Kae Capital	1107824	3419613	6960763	4427424	3337682	8952591
Angel	0.45%	2.41Cr	0	0	0	0
ESOP Pool	9.00%	47.9Cr	6604290	4749685	8695547	9186680
Total	100.00%	532Cr	7370910	2518241	1165605	9315092