In a pre-seed funding round headed by Inflection Point Ventures, Chennai-based deep tech startup Reneonix raised Rs 1.7 crore.
The Government of India’s Department of Science and Technology, NSRCEL–IIM Bangalore, SustainTN, ITEL Foundation, and other grant organizations and angel investors participated in the round as well.
The money raised will go toward R&D, with an emphasis on material science and hardware innovation to improve its commercial prototypes.
Iwan Richard, Karthik Sankar, Varun Pandithurai, and Mohammad Mohiyeddin founded Reneonix in 2023 with the goal of creating circular materials infrastructure for the packaging sector, beginning with glass.
Brands and manufacturers can incorporate circular raw materials into their supply chains thanks to its end-to-end services, which include collection, sorting, processing, logistics, and reporting.
Currently in the pre-revenue phase, the startup is concentrating on product development and pilot deployments. To increase revenue, Reneonix is also developing high-value glass derivatives like foam glass.
To date, Inflection Point Ventures has invested over Rs 1,200 crore in over 280 startups, including 18 in Q4 2025.
