Goodera, a leading employee volunteering platform, announced that it had raised Rs 80 crore ($10 million) in a funding round.
Zoom Ventures, Elevation Capital, Xto10X Technologies, Nexus Venture Partners, Omidyar Network India, Ursula Burns, and Binny Bansal are a few investors in the round.
In a statement, Goodera said that the funds would be used to scale up its workforce, technology, and catalogue.
Binny Bansal commented on his investment in Goodera, “Goodera’s journey to becoming a global business is truly inspiring. With a strong team and a clear mission, Goodera is poised to rapidly scale in a market ready for disruption. We are excited to partner with them.”
Ravi Adusumalli from Elevation Capital said, “Goodera’s growth in the last two years is the reward that the market gives you to build novel solutions from 0 to 1. Abhishek and the team at Goodera have unmatched expertise in the domain and are building a whole new category with their employee volunteering solutions, and we are excited to continue supporting them with scale.”
Abhishek Humbad, Founder and CEO of Goodera, said, “Every team in the world wants to volunteer, but there is insane friction in the process. From finding the right nonprofit to finalising the volunteering activity, logistics, and impact measurement, there are a lot of overheads.”
Humbad further said, “We simplify volunteering and eliminate these overheads. Millions of employees can now volunteer without spending time and effort on volunteer management. We are proud of the social impact we have created for thousands of nonprofits and relish the joy and empathy we bring to millions of employees.”
“This fundraise will help us scale our infrastructure to enable millions of employees to volunteer,” added Humbad.
According to the announcement, over 10 million employees have access to Goodera’s platform through its customers, and the company plans to reach over 100 million employees by 2025.