BEENEXT, Global Founders Capital led $4 M Seed funding raised by StepChange
The BEENEXT and Global Founders Capital-led seed round of funding for corporate sustainability platform StepChange totalled over $4 million. A group of international investors, including Genesia Ventures, Whiteboard Capital, Saison Capital, Seedstars, Antler, and Speciale Invest, also participated in the investment.
According to a press release from the company, the money will be used to improve StepChange’s product offerings, accelerate growth in India, and increase its presence in important international markets.
Ankit Jain and Sidhant Pai founded StepChange in 2022 to provide large corporate enterprises and financial institutions with a comprehensive integrated solution to enhance their ESG metrics, manage climate risk, and cut emissions throughout their supply chains, internal operations, and financial portfolios.
The startup claims to have more than 75,000 emission factors for different goods and services, allowing businesses to account for more than 250 million tCO2e overall, or more than 7.5% of India’s emissions. The platform is collaborating across their value chains and portfolios with some of the most well-known players in the sector, including ICICI Bank, ITC Limited, and SBI.
BEENEXT, a venture capital firm, makes early-stage investments in tech companies with a focus on creating cutting-edge digital platforms powered by data networks. Simplilearn, NoBroker, Tata 1mg, Zomato, PhonePe, CRED, Policybazaar, Paytm, Nykaa, and Lenskart are just a few of the companies in its portfolio.
