Participated · Seed · Feb 2026

Founded in 2023 by Iwan Richard, Karthik Sankar, Varun Pandithurai and Mohammad Mohiyeddin, Reneonix provides an end-to-end platform that collects, sorts, processes and transports post-consumer glass while offering detailed reporting so brands can plug circular raw materials into their supply chains. The company’s initial focus is on building hardware and material-science innovations that turn waste glass into reusable inputs. Beyond standard cullet, the team is developing higher-margin derivatives such as foam glass to expand monetisation opportunities. Funds are being channelled into R&D to advance commercial prototypes and pilot deployments. Reneonix is currently pre-revenue and is running pilots with prospective customers. The company positions itself as critical infrastructure that helps packaging manufacturers meet sustainability targets and circular-economy mandates.

Led · Grant · Jul 2024

Packworks offers a B2B fast-moving consumer goods (FMCG) marketplace and a suite of digital tools tailored to sari-sari stores and the wider supply chain. Its product suite includes the Sari.PH Pro app (pricing tools, inventory management, sales and revenue tracking, and access to working capital loans) and Sari IQ, a business intelligence tool using real-time and historical consumer expenditure data. The company has expanded into a comprehensive platform serving small store owners through to wholesalers, distributors, and FMCG partners. Founded in 2018 and headquartered in the Philippines, Packworks aims to improve efficiency and profitability for neighborhood retailers. In July 2024 the company secured PHP 3.5M (approximately $60,000) in funding from the Department of Science and Technology through the PCIEERD Startup Grant Fund. Packworks will use the funding to develop an AI-powered precision marketing model to deliver customized product and promotion recommendations to sari-sari stores. Packworks provides a mobile ERP platform called The Pack: SuperStore app that helps sari-sari owners manage inventory, bookkeeping, data collection, supply ordering and access to financial products and e-payments. The app is designed for low bandwidth use and aims to lower costs for store owners by offering cheaper supplies and reduced interest costs. The startup plans to expand The Pack into a broader super app by increasing platform offerings, optimizing store operations, enabling funding access, and building an open platform for financial institutions and brands. It also intends to create a department to engage sari-sari stores and provide additional partner services. Packworks says it has onboarded 150,000 stores with an estimated 9,000 SKUs and targets 220,000 stores by the end of 2022 and roughly 500,000–550,000 stores by the end of 2023. Financially, the company says this year is pivotal as it shifts revenue from project billing with partners to performance billing to capture transactional value from its store network.