Climate action SaaS company LogicLadder secures $2.5 mn funding from BIG Capital and Zerodha’s Rainmatter

Gurugram, 3 June 2024: India’s pioneering enterprise sustainability management and climate action cloud software provider, LogicLadder, is proud to announce the successful closure of a new funding round. The round led by Singapore and Vietnam-based BIG Capital, Zerodha’s Rainmatter, and other participants infused USD 2.5mn into the company. With this infusion, LogicLadder is set to expand its global footprint in South Asia and North America. The new investors join its bandwagon of marquee investors like ONGC, Shell and IIM Lucknow EIC.

Co-founded by Mayank Chauhan and Atindra Chandel, LogicLadder is a Software as a Service (SaaS) company that has been empowering enterprises championing sustainability and climate action for Net Zero. With 1000+ customers such as NTPC, BHEL, PVR-INOX, Mother Dairy and others, along with 40+ channel partners, LogicLadder is the market leader in the climate tech space in India.

LogicLadder’s premium platform, The Sustainability Cloud® (TSC), is used by leading enterprises to manage ESG, account for Scope 1, 2 and 3 carbon emissions, meet environment compliance and generate sustainability reporting. The software is in compliance with global standards like GHG protocol, SBTi, GRI, CDP, CSRD, SASB, BRSR, CBAM and GRESB, among others. Additionally, its products – TSC Water, TSC Energy, and TSC Enviro, allow organizations to achieve efficiency-led decarbonization and sustainability in water and generated waste.

Explaining the next growth phase, Mayak Chauhan, Co-founder and CEO, LogicLadder said, “We’re thrilled to begin a new chapter in LogicLadder’s journey with our global expansion. As leaders of India’s climate tech sector, we understand how enterprises need to be increasingly vigilant and proactive in their sustainability efforts, with regulatory frameworks becoming more stringent. A significant portion of the new funding will be dedicated to new product augmentations and capacity expansion, ensuring our solutions remain in sync with the ever-evolving landscape of environmental compliances. By continuously innovating and expanding our product suite, we aim to provide our clients worldwide with the most advanced tools and resources to address their sustainability challenges effectively and confidently across regions and industries.”

Atindra Chandel, Co-Founder and SVP of Products and Marketing added, “Our product, The Sustainability Cloud, is well established in the environmental compliance and sustainability reporting space with more than 1000+ enterprise customers in India. We have also revamped our product in line with the latest standards and global regulations like CBAM, CSRD, BRSR, etc., and started marketing it in multiple countries. This funding round will help us accelerate our global expansion.”

Preetinder Panjarath, CFO at BIG Capital, explains, “Climate change is now one of the biggest challenges facing us. Its scale and impact call for urgent innovative solutions to mitigate its progress and drive sustainable growth. We are proud to join hands with LogicLadder, a market leader in the climate action space that makes compliance and reporting easier for enterprises. This successfully solves the critical puzzle of aligning business practices with environmental stewardship, ensuring a brighter future for generations to come.”

Dinesh Pai, Head of Investments, Rainmatter by Zerodha said, “Climate change is no longer a future event — water scarcity, erratic weather patterns, diminishing wildlife — we are already experiencing the consequences of climate change. However, measuring and tracking climate data is a complex and nuanced act. Most organizations depend on independent third-party software services to help them through this journey. LogicLadder offers a key sustainability solution for enterprises. Organizations that leverage their solutions ensure transparency in climate action, stand to attract talent, and have stakeholders and teams that relate to the organization in the long run. We are excited to support LogicLadder in this journey.”

About LogicLadder

LogicLadder is India’s pioneering enterprise sustainability management and climate action cloud software provider, helping businesses worldwide measure, report and reduce their environmental impact. Founded in 2011 in Gurugram, LogicLadder’s software platform, The Sustainability Cloud® is used by 1000+ enterprises like NTPC, Reliance, Adani Power, BHEL, Nestle, Maruti Suzuki, Hero E-cycles, PVR-INOX and others to reduce their environmental impact, enhance operational efficiency, and achieve their sustainability goals. Supported by prominent investors such as ONGC, Shell, and IIM Lucknow’s Incubation Center, the company is at the forefront of revolutionizing sustainability measures worldwide.

(Disclaimer: The above content is a press release and PTI takes no editorial responsibility for the same.). PTI PWR

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