# ITEL

> ITEL is a VC fund in Chennai backing Recycling, Waste Management and Environmental Engineering. See 1 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Chennai, India
- Total investments: 1
- Last investment: Feb 2026
- Lead investor: 0%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/itel-foundation
- Website: https://itelfoundation.in

ITEL is a VC fund in Chennai focused on Recycling and Waste Management. ITEL Foundation is a Section 8 not-for-profit that is committed to driving India towards becoming a global leader in technology.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Recycling | 1 | 100% |
| Waste Management | 1 | 100% |
| Environmental Engineering | 1 | 100% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Reneonix | Reneonix is a Chennai-based deeptech startup specializing in AI-led glass recycling and sustainable waste management solutions. It focuses on transforming glass waste into high-value products through innovative, technology-driven processes that enhance recycling efficiency and reduce environmental impact. | $187K | Pre-Seed | Feb 26, 2026 |  |

1 of 1 investments shown.

## Co-investors
- [Department of Science and Technology](https://shizune.co/investors/profile/department-of-science-and-technology) — VC Fund, 1 deal together
- [Inflection Point Ventures](https://shizune.co/investors/profile/inflection-point-ventures-d275) — VC Fund, 1 deal together
- [NSRCEL](https://shizune.co/investors/profile/nsrcel) — VC Fund, 1 deal together
- SIPCOT — VC Fund, 1 deal together

## Similar investors

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Right Side Capital Management](https://shizune.co/investors/profile/right-side-capital-management) — VC Fund
- [Everywhere Ventures](https://shizune.co/investors/profile/everywhere-ventures) — VC Fund

## FAQ

### What does ITEL invest in?

ITEL invests primarily in Recycling, Waste Management and Environmental Engineering startups, most often at Pre-Seed stage. Most of the 1 investments tracked by Shizune back companies in India. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did ITEL last invest?

The most recent investment recorded for ITEL closed in Feb 2026. Shizune tracks 1 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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