A platform called Onlygood.ai, which aims to make sustainability reporting and carbon management easier, has raised Rs 4 crore, or roughly $500,000. Goel Group, IIT Madras Incubation Cell (IITMIC), and Daimler India Commercial Vehicles (DICV), which has acquired a 1.5% equity investment at a predetermined valuation, co-led the round.

With intentions to reach Europe in 2024, the investment will be utilized to expand operations in the Middle East and India. Onlygood wants to grow its staff, add more features to its products, and fortify its technology base.

Onlygood is a 2022 startup founded by Rajeev Sinha and Vivek Mehra that uses creative thinking to solve the problem of carbon emissions. Its platform facilitates the measurement, tracking, and reduction of enterprises' carbon footprints, allowing for well-informed choices about sustainability and efficiency. Decarb Navigator and Decarb X-celerator are two important products.

Since launching its beta platform in 2022, Onlygood has garnered notoriety for its sustainability endeavors by partnering with prominent industry partners such as Maruti-Suzuki and DICV. The platform generates reports in formats like as BRSR, CSRD, and CBAM, making it easier to comply with carbon rules. It has compliance auto-hooks and a strategic tool to help businesses on their decarbonization journeys.

Based in Gurugram, Onlygood collaborates with companies like Blue Ocean Steel and Envex to offer complete sustainability solutions, with the goal of delivering real-time product traceability across supply chain touchpoints.