LogicLadder, a provider of climate action and sustainability technologies, announced that it has raised $2.5 million in a funding round led by Singapore-based Big Capital and Rainmatter—a venture fund backed by Zerodha. The company said in a statement that the funds will be utilised to increase its presence in North America and South Asia.
The Gurugram-based startup, founded by Mayank Chauhan and Atindra Chandel, helps organisations measure, report and lessen their environmental footprint.
“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,” said Chauhan.
LogicLadder's Sustainability Cloud software platform is used by businesses, such as Maruti Suzuki India Ltd., BHEL, Adani Power Ltd. and NTPC Ltd., among others, to curtail their environmental footprint, meet sustainability objectives and enhance operational efficiencies.
“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,” said Preetinder Panjarath, CFO at Big Capital.
“Measuring and tracking climate data is a complex and nuanced act. Most organisations depend on independent third-party software services to help them through this journey. LogicLadder offers a key sustainability solution for enterprises. We are excited to support LogicLadder in this journey,” said Dinesh Pai, head of investments, Rainmatter.
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