Reneonix builds recycling infrastructure to turn used glass into factory-grade raw material

The Chennai-based company runs collection, sorting, processing and reporting for packaging brands and manufacturers, and raised Rs 1.7 crore in a pre-seed round in February 2026.

Company Details

Company Overview
Founded	2023
Founders	Iwan Richard, Karthik Sankar, Varun Pandithurai, Mohammad Mohiyeddin
Headquarters	Chennai
Sector	Circular materials, glass recycling infrastructure
Funding Raised	About ₹1.7 crore, pre-seed round (announced February 2026)
Key Investors	Inflection Point Ventures (lead)
Institutional Support	Department of Science and Technology, Startup India Seed Fund Scheme, HDFC Bank Parivartan, NSRCEL-IIM Bangalore, SustainTN, ITEL Foundation
Products	Recycling Infrastructure as a Service for glass packaging

Company Details

Company Overview
Founded	2023
Founders	Iwan Richard, Karthik Sankar, Varun Pandithurai, Mohammad Mohiyeddin
Headquarters	Chennai
Sector	Circular materials, glass recycling infrastructure
Funding Raised	About ₹1.7 crore, pre-seed round (announced February 2026)
Key Investors	Inflection Point Ventures (lead)
Institutional Support	Department of Science and Technology, Startup India Seed Fund Scheme, HDFC Bank Parivartan, NSRCEL-IIM Bangalore, SustainTN, ITEL Foundation
Products	Recycling Infrastructure as a Service for glass packaging

Glass is one of the few packaging materials that can be recycled indefinitely without losing quality. In practice, most used glass in India moves through an informal chain of collectors and aggregators. It then arrives at a furnace mixed, contaminated and without a record of where any of it came from.

That matters more than it used to. Brands now face recycled content targets and extended producer responsibility obligations. This requires them to show not just that material was collected but that it was also processed.

Reneonix was founded in Chennai in 2023 by Iwan Richard, Karthik Sankar, Varun Pandithurai and Mohammad Mohiyeddin. Richard is CEO, Sankar is COO, Pandithurai is CTO, and Mohiyeddin is CCO (chief commercial officer).

The company describes itself as building circular materials infrastructure for the packaging industry, starting with glass and intending to move into other streams that are difficult to recycle.

Sorting, tracking and reprocessing

Reneonix sells what it calls Recycling Infrastructure as a Service. Rather than supplying recycled material as a commodity, it takes on collection, sorting, processing, logistics and reporting for a brand or manufacturer, and returns both the material and the paperwork that goes with it.

The technical claim sits in three places. The company says it uses AI-led sorting to separate incoming glass, a traceability framework that tracks material at unit and batch level for quality assurance and compliance. As well as material science work to convert post-consumer waste into specification-grade raw material.

Inflection Point Ventures, which led the round, describes the setup on its portfolio page as smart hardware hubs paired with a software platform handling real-time tracking, automated quality assurance and extended producer responsibility compliance. Reneonix says it plans to move into higher-value glass derivatives including foam glass.

The operating model is built to be repeated. The company describes standard operating procedure-led systems that can be replicated city by city through local material recovery. As well as logistics partnerships, rather than a single large plant serving a wide catchment.

Where the funding goes

Reneonix announced a pre-seed round of Rs 1.70 crore on 26 February 2026, led by Inflection Point Ventures. The company said the round also drew participation from the Department of Science and Technology, NSRCEL at IIM Bangalore, SustainTN and ITEL Foundation, along with angel investors and grant bodies.

Separately, the company lists backing from the Department of Science and Technology, the Startup India Seed Fund Scheme and HDFC Bank Parivartan, and incubation at NSRCEL, ITEL Foundation, Anna Incubator, iTNT Hub and the Crescent Innovation and Incubation Council.

The company says the money goes to research and development, weighted towards hardware and material science, to move prototypes towards commercial units. Reneonix describes itself as pre-revenue, working on product development and pilot deployments.

Richard said in the funding announcement that the company is building a deep-tech infrastructure layer for circular materials, starting with glass. Its aim is to make circularity measurable through sorting, traceability and material science.

(This story has been researched and compiled using publicly available information.)

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