Deep Tech Startup Reneonix Raises Rs. 1.70 Crore in Pre-Seed Round Led by Inflection Point Ventures

Deep Tech startup Reneonix raised Rs. 1.70 Crore in a Pre-seed round led by Inflection Point Ventures. The round saw participation from institutions, angel investors, and grant bodies, including the Department of Science and Technology (Government of India), NSRCEL-IIM Bangalore, SustainTN, and ITEL Foundation. The funds will be deployed towards Research and Development with a strong focus on hardware innovation and material science to advance commercial prototypes.

Reneonix is an execution partner for brands and manufacturers, with SOP-led systems that can be replicated across cities through local material recovery and logistics partnerships. The company’s AI traceability-first framework enables unit and batch-level tracking for quality assurance and compliance. Moving into high-value glass derivatives such as foam-glass, the company is unlocking stronger monetisation potential. Backed by an integrated hardware, software, and operations stack, Reneonix is currently in the pre-revenue stage, focused on product development and pilot deployments.

Mitesh Shah, Co-founder, IPV, says, “India’s transition to a circular economy will require more than intent, it will require infrastructure. Reneonix is building exactly that. Their deep-tech approach, combining AI-led sorting, material science, and traceability, creates measurable circular outcomes for brands and manufacturers. We believe their execution-first model positions them strongly to become a critical infrastructure layer in India’s sustainable packaging ecosystem."

Iwan Richard, Founder & CEO, Reneonix says, “We're building Reneonix as the Deep tech infrastructure layer for circular materials in the packaging industry, starting with glass and expanding into other hard-to-recycle streams. Our vision is to make circularity measurable and scalable through AI-led sorting, end-to-end traceability, and material science-driven value creation. Partnering with Inflection Point Ventures has helped us sharpen our execution focus and accelerate our go-to-market.”

In India, the overall packaging industry is estimated at USD 80–100 billion for FY 2024–25. The sustainable packaging segment alone is projected to reach USD 10 billion in 2025, driven by rising regulatory mandates, ESG adoption, recycled content targets, and compliance-driven circularity. Reneonix’s deep-tech infrastructure model is
likely to grow rapidly with the increasing demand for circular materials in the packaging industry of India and the rest of the world.