Sustainiam Raises $1.45 Mn In Pre-series A Funding Led By Orios Ventures
The funds will also enable the startup to double its headcount and expand its operations globally
Sustainiam, a climate tech startup delivering innovative carbon management and sustainability solutions, has raised USD 1.45 million in its Pre-Series A funding round. Orios Venture Partners led this round with participation from prominent investors, including Shilpa Shetty Kundra, Rajesh Sawhney, Harsh Vardhan Bhachandka and Vinit Bhansali.
The funding will propel the launch of the world’s first fully digital, technology-driven exchange and platform for environmental assets, solidifying Sustainiam’s position as a global leader in carbon credit management. The funds will also enable the startup to double its headcount and expand its operations globally.
Founded in September 2023, Sustainiam provides carbon footprint management solutions to enterprises through its tech enabled platform. It enables companies to issue and trade in IRECs and other carbon certificates. Sustainiam is already trading over 60 crore kwh in carbon assets and aims to generate Rs 70 crore revenue in 2025. It has rapidly gained credibility, securing marquee clients like Coca-Cola, ITC, and Brookfield.
The Government of Karnataka honored Sustainiam and awarded it a grant of Rs 25 Lakh in cash and Rs 75 Lakh worth of benefits in its Elevate 2023 Call 2 program. It has also been selected by the IKEA Foundation and VISA Foundation Backed Greenr Sustainability Accelerator Program. These accolades solidify Sustainiam’s leadership in the sustainability sector.
Commenting on the fundraise, Sapna Nijhawan, Founder and CEO of Sustainiam, said, “It's astonishing that the global carbon market, valued at over USD 700 billion, trades still on over-the-counter (OTC) methods. Sustainiam was founded to transform the industry by digitizing how carbon credits are registered, created, and traded worldwide. By enabling digital asset creation, we’re unlocking new supply streams and empowering generators to maximize their incentives. We are excited to partner with Orios and marquee angels, as we rapidly amp up to make a real difference on a global scale."
“We firmly believe in team Sustainiam’s vision of enhancing transparency in carbon trading both within India and on a global scale. We are confident that this team possesses all the essential qualities needed to develop a platform that can achieve global leadership. At Orios, this marks our second investment in companies focused on creating, issuing, and trading carbon certificates, reflecting our strong belief in the pivotal role of carbon markets in achieving a net-zero emissions future," said Sukhmani, Partner at Orios Venture Partners.
“I am excited to announce my investment in the groundbreaking digitized carbon credits platform Sustainiam, cofounded by Sapna, which represents a significant step toward a more sustainable future. By leveraging cutting-edge technology, Sustainiam is making it easier and more efficient for companies to offset their carbon footprints, drive climate action, and contribute to global efforts in combating climate change. This platform not only enhances transparency and accountability in the carbon credits market but also empowers a wider audience to participate in the transition to a low-carbon economy," said investor and actor Shilpa Shetty Kundra.
