Private Equity

VC Fund Investments

Sustainability platform StepChange raises $4-M led by Beenext, Global Founders Capital

Entrackr  

Bengaluru-based corporate sustainability platform StepChange has raised over USD 4 million in its seed round of funding led by Beenext and Global Founders Capital. The investment also saw participation from Genesia Ventures, Whiteboard Capital, Saison Capital, Seedstars, Antler, and Speciale Invest. The funds will be used to enhance StepChange's product offerings, ramp up growth in India, and expand footprint globally. Founded in 2022 by Ankit Jain and Sidhant Pai, StepChange offers an integrated solution to large corporate enterprises and financial institutions to improve their ESG (environmental, social, and governance) metrics, manage climate risk, and reduce emissions across their supply chains, in-house operations, and financial portfolios. The firm claims to have over 75,000 emission factors for various products and services and has enabled enterprises to account for over 250 million tCO2e in the aggregate, equivalent to over 7.5% of India's emissions. The platform works with ICICI Bank, ITC Ltd, and SBI, across their value chains and portfolios.