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Climate-tech Startup LogicLadder grosses $2.5 million in a new funding round

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The pioneering climate action cloud software provider and sustainability management startup, LogicLadder announces that the company closed the new funding round by raising $ 2.5 million effectively. The new funding round was driven by Vietnam and Singapore-based BIG Capital and Zerodha’s Rainmatter. With this injection of funds, LogicLadder is powered up to set its footprint in North America and South Asia.

The new investors united with its core investors are IIM Lucknow EIC, Shell and ONGC.

Established by Mayank Chauhan & Atindra Chandel, LogicLadder is a SaaS company that has been permitting the ventures to become a pioneer in climate action and sustainability.

Through 1000+ consumers including BHEL, NTPC, PVR-INOX, Mother Diary and others along with other key 40+ channels partners, Logicladder is the prominent market pioneer in the space of climate etch in India.

Expressing about the next phase of growth, Mayak Chauhan, Co-Founder and CEO, LogicLadder says, “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.”

Similarly, Atindra Chandel, Co-Founder & SVP of Products & Marketing states, “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."

Explaining the startup’s ability to underscore the risks, Preetinder Panjarath, CFO at BIG Capital, enlightens, “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.”

Likewise, amplifying about the climate consequences, Dinesh Pai, Head of Investments, Rainmatter by Zerodha states, “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.”