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ITEL Foundation

Chennai, Tamil Nadu, India

Overview

ITEL Foundation is a Section 8 not-for-profit that is committed to driving India towards becoming a global leader in technology.

Total investments
1
Lead investments
0
Investments · 12mo
1
Active investors
0
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Investment portfolio

  • Reneonix

    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.

Team

No current team members are available.