Chennai-based startup Reneonix has successfully raised Rs 1.7 crore in a pre-seed funding round led by Inflection Point Ventures. The funding round also received support from the Department of Science and Technology (Government of India), NSRCEL–IIM Bangalore, SustainTN, ITEL Foundation, and various angel investors and grant bodies.
Reneonix, founded in 2023 by Iwan Richard, Karthik Sankar, Varun Pandithurai, and Mohammad Mohiyeddin, is focused on building circular materials infrastructure for the packaging sector, with an initial emphasis on glass. The startup offers a range of services including collection, sorting, processing, logistics, and reporting, enabling brands and manufacturers to incorporate circular raw materials into their supply chains.
Currently in the pre-revenue phase, Reneonix is concentrating on pilot deployments and product enhancement. The company is also developing high-value glass derivatives like foam glass to expand monetization opportunities.
Inflection Point Ventures, which has invested over Rs 1,200 crore in more than 280 startups and executed 18 investments in Q4 2025, led the recent funding round.
Source: Entrackr : Latest Posts