- Climate-tech startup LogicLadder secures $2.5 million in Series A funding led by BIG Capital and Rainmatter
- Founded in 2011 by Mayank Chauhan and Atindra Chandel, LogicLadder offers sustainability and climate management solutions globally
- Funding to expand footprint in South Asia and North America; aim for global revenue to surpass India revenue
- Flagship platform, The Sustainability Cloud, helps manage ESG, carbon emissions, environmental compliance, and sustainability reporting
- Emphasis on transparency in climate action for enterprises; LogicLadder serves over 1,000 enterprise customers, including NTPC, BHEL, and PVR-INOX
Exploring the Success of Climate-Tech Startup LogicLadder
In the realm of climate technology, startups like Climate-Tech Startup LogicLadder are making waves in the industry. Recently, LogicLadder raised an impressive $2.5 million in Series A funding, signaling a significant milestone for the company and the sector as a whole.
Background of Climate-Tech Startup LogicLadder
Founded in 2011 by Mayank Chauhan and Atindra Chandel, LogicLadder is a Gurugram-based firm that specializes in providing sustainability and climate management solutions to businesses globally. The company’s flagship platform, The Sustainability Cloud (TSC), is designed to help enterprises manage ESG, account for Scope 1, 2, and 3 carbon emissions, ensure environmental compliance, and generate sustainability reports.
With over 1,000 enterprise customers, including prominent names like NTPC, BHEL, and PVR-INOX, LogicLadder has established itself as a leader in the climate-tech space. The recent funding round led by Singapore and Vietnam-based BIG Capital and Zerodha’s Rainmatter further solidifies the company’s position in the market.
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Impacts of the Funding Round
The $2.5 million raised by LogicLadder will be instrumental in expanding the company’s footprint in South Asia and North America. Co-founder and CEO Mayank Chauhan expressed his vision for the company’s growth, stating, “By the next financial year, we are expecting our global revenue to contribute 40% and India revenue 60%, and then moving forward, we expect the global revenue to surpass India revenue.”
A significant portion of the funding will be allocated towards new product augmentations and capacity expansion to ensure that LogicLadder’s solutions remain at the forefront of environmental compliance standards. The company aims to enhance its technology infrastructure and expand its product offerings to cater to the evolving needs of businesses seeking sustainable solutions.
Recognition and Future Prospects
Dinesh Pai, Head of Investments at Rainmatter, highlighted the critical role of LogicLadder’s solutions in addressing climate change challenges. He emphasized the importance of transparency in climate action for enterprises and praised LogicLadder for offering key sustainability solutions to businesses.
Preetinder Panjarath, Chief Financial Officer at BIG Capital, echoed Pai’s sentiments, stressing the urgency of innovative solutions to mitigate the progress of climate change and drive sustainable growth. With the support of investors who recognize the significance of sustainable practices, LogicLadder is well-positioned to continue its upward trajectory in the climate-tech sector.
Climate-Tech Startup LogicLadder’s recent funding success is a testament to the growing importance of sustainability and climate management in the business world. As the company expands its reach and enhances its offerings, it is poised to make a meaningful impact on the fight against climate change and drive sustainable practices across industries.
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