Sustainiam, a climate tech startup delivering innovative carbon management and sustainability solutions, has raised $1.45 million in its pre-Series A funding round led by Orios Venture Partners.
The round also saw participation from prominent investors, including Shilpa Shetty Kundra, Rajesh Sawhney, Harsh Vardhan Bhachandka and Vinit Bhansali.
The funds raised will be used to launch a digital, technology-driven exchange and platform for environmental assets. The funds will also enable the startup to double its headcount and expand its operations globally.
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.
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 claims that it serves more than 140 clients, including Coca-Cola, ITC, Unilever, Brookfield, and H&M. It is currently trading more than 600 million kilowatt-hours (kWh) in carbon assets and is targeting revenue of Rs 70 crore in 2025.
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.
