Deep Tech startup Reneonix raises ₹1.70 Crore in Pre-seed spherical led by Inflection Level Ventures

Reneonix is a Chennai-based Deep tech firm constructing round supplies infrastructure for the packaging trade, beginning with glass.
• The funds can be deployed in the direction of  Analysis and Improvement with a powerful deal with {hardware} innovation and materials science to advance business prototypes.
• Reneonix gives end-to-end service spanning assortment, sorting, processing, logistics, and reporting,  guaranteeing companions profit from outcomes that go far past mere materials provide.
• Inflection Level Ventures has invested greater than INR 1200 crore throughout 280+ startups to this point. Inflection Level Ventures has invested in 18 startups in This autumn 2025

Chennai, twenty sixth February 2026: Deep Tech startup Reneonix has raised ₹1.70 Crore in Pre-seed spherical led by Inflection Level Ventures. The spherical noticed participation from main establishments, angel traders, and grant our bodies, together with the Division of Science and Know-how (Authorities of India), NSRCEL-IIM Bangalore, SustainTN, and ITEL Basis. The funds can be deployed in the direction of Analysis and Improvement with a powerful deal with {hardware} innovation and materials science to advance business prototypes.

Reneonix is an execution accomplice for manufacturers and producers, with SOP-led techniques that may be replicated throughout cities via native materials restoration and logistics partnerships. Firm’s AI traceability-first framework permits unit and batch-level monitoring for high quality assurance and compliance. Transferring into high-value glass derivatives such foam- glass, the corporate is unlocking stronger monetization potential. Backed by an built-in {hardware}, software program, and operations stack, Reneonix is at the moment within the pre-revenue stage, targeted on product growth and pilot deployments.

Mitesh Shah, Co-founder, IPV says “India’s transition to a round economic system would require greater than intent it is going to require infrastructure. Reneonix is constructing precisely that. Their deep-tech method combining AI-led sorting, materials science, and traceability creates measurable round outcomes for manufacturers and producers. We imagine their execution-first mannequin positions them strongly to change into a important infrastructure layer in India’s sustainable packaging ecosystem.

Reneonix is based by Iwan Richard, who’s the Founder & CEO. It’s joined by Karthik Sankar, Co-Founder & COO. Varun Pandithurai is the Co-Founder & CTO. Mohammad

Mohiyeddin is the Co-Founder & CCO. Reneonix has a management staff with expertise in operations, know-how growth, scaling, and partnership growth. This expertise is throughout each enterprise and startup environments. Reneonix is working in the direction of the event of scalable round supplies infrastructure for the packaging ecosystem.

Iwan Richard, Founder & CEO, Reneonix says, “We’re constructing Reneonix because the Deep tech infrastructure layer for round supplies within the packaging trade, beginning with glass and increasing into different hard-to-recycle streams. Our imaginative and prescient is to make circularity measurable and scalable via AI-led sorting, end-to-end traceability, and materials science-driven worth creation. Partnering with Inflection Level Ventures has helped us sharpen our execution focus and speed up our go-to-market.”

Reneonix is backed by the Division of Science and Know-how, Startup India Seed Fund Scheme, and HDFC Financial institution Parivartan, and has been incubated at main innovation ecosystems together with NSRCEL, IIM Bangalore, ITEL Basis, Anna Incubator, iTNT Hub, and Crescent Innovation and Incubation Council.

The worldwide round packaging market was valued at roughly USD 245 billion in 2024 and is projected to succeed in almost USD 352 billion by 2030. In the meantime, the sustainable packaging market, valued at roughly USD 273 billion in 2023, is predicted to develop to almost USD 448 billion by 2030.

In India, the general packaging trade is estimated at USD 80–100 billion for FY 2024–25. The sustainable packaging phase alone is projected to succeed in USD 10 billion in 2025, pushed by rising regulatory mandates, ESG adoption, recycled content material targets, and compliance-driven circularity. Reneonix’s deep-tech infrastructure mannequin is prone to develop quickly with the rising demand for round supplies within the packaging trade of India and the remainder of the world.

About Reneonix:

Reneonix, based in 2023 and led by Iwan Richard, is a Chennai-based deep-tech firm constructing round supplies infrastructure for the packaging trade, beginning with glass. It combines AI-led sorting, end-to-end traceability, and materials science to transform post-consumer waste into specification-grade round uncooked supplies at scale.

About IPV:

Inflection Level Ventures (IPV) is an angel investing platform with over 24,000+ CXOs, HNIs, and professionals who spend money on startups. The agency helps new-age entrepreneurs with financial and experiential capital and connects them with a various group of traders. IPV has launched a $50 Mn CAT 2 VC fund, Physis Capital, to spend money on Pre-Sequence A to Sequence B growth-stage start-ups. The fund has already deployed capital in six startups thus far, with extra offers within the superior pipeline.