Enterprise sustainability mgmt platform StepChange raises funding from Flourish Ventures

StepChange, a Bengaluru-headquartered enterprise sustainability platform, has raised investment from venture capital firm Flourish Ventures to fuel its growth plans in the BFSI (banking, financial services and insurance) sector.Founded in 2022 by Ankit Jain and Sidhant Pai, both MIT alumni, StepChange, with a dedicated 50-member team, provides an integrated solution to banks and non-financial institutions for tracking ESG (environmental, social, governance) metrics, measuring emissions across financial portfolios, and quantifying climate risks. The company's decision-making tools assist financial institutions in their journey towards achieving net-zero emissions.StepChange claims to have five of the top 10 BFSI players in India as clients.