LogicLadder, a provider of sustainability and climate management solutions, has raised $2.5 million. Big Capital led this funding round from Singapore and Rainmatter, a venture fund backed by Zerodha.
According to a statement, the company plans to use the funds to expand its presence in South Asia and North America.
“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,” cofounder and chief executive Mayank Chauhan said.
“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,” he said.
Chauhan and Atindra Chandel founded LogicLadder in 2011. The Gurugram-based firm helps businesses worldwide measure, report, and reduce their environmental impact.
Over 950 companies use its software platform, The Sustainability Cloud. This includes big names like Reliance, Adani Power, BHEL, Nestle, and Maruti Suzuki. The platform helps these companies minimize environmental impact, improve operational efficiency, and meet sustainability goals.
“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,” Chauhan added.
Commenting on the investment, Dinesh Pai, head of investments, Rainmatter, said, “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.”
“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,” said Preetinder Panjarath, chief financial officer at Big Capital.
