The cleantech SaaS platform raised the funding from Singapore-based PE firm Big Bang Capital and Zerodha’s investment arm Rainmatter
Founded in 2011, LogicLadder’s flagship offering is Sustainability Cloud, which helps brands minimise environmental impact while improving operational efficiency
The startup will use the fresh funds to expand its footprint across South Asia and North America, and ramp up product offerings
Cleantech SaaS platform LogicLadder has reportedly raised $2.5 Mn in a funding round led by Singapore-based private equity (PE) firm Big Bang Capital and Zerodha’s investment arm Rainmatter.
As per Economic Times, the fresh proceeds will be deployed to expand the startup’s footprint across South Asia and North America. A part of the funds will also be utilised to shore up its tech stack and ramp up product offerings.
Inc42 has reached out to the startup on the fundraise and the story will be updated on receiving a response.
Founded in 2011 by Atindra Chandel and Mayank Pratap Chauhan, LogicLadder provides software solutions to companies for gathering and analysing data related to energy and environment.
The startup aims to enable businesses to transition to net zero emissions. Its flagship offering is its ‘Sustainability Cloud’, which helps brands minimise environmental impact while improving operational efficiency.
“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,” LogicLadder cofounder and CEO Chauhan told ET.
Commenting on the fundraise, Dinesh Pai, head of investments at Rainmatter, said, “Measuring and tracking climate data is a complex and nuanced act. Most organisations depend on independent third-party software services to help them through this journey. LogicLadder offers a key sustainability solution for enterprises”.
LogicLadder is backed by the likes of marquee investors such as the ONGC Foundation, Aditya Birla Group, JioGenNext, and Shell.
It claims to cater to more than 900 businesses, including giants such as Reliance, Adani Power, and Coca Cola.
The fundraise comes at a time when increasing awareness about the environment has led to a growing interest in the cleantech sector from investors.
For instance, climate tech startup Varaha raised $8.7 Mn in its Series A funding round led by RTP Global earlier this year. Last month, EcoRatings bagged $1 Mn in its pre-seed funding round from a clutch of investors in equity and grants.
In April, real estate-focussed cleantech startup Accacia also raised $6.5 Mn in its pre-Series A funding round led by Illuminate Financial.
According to Inc42 data, Indian climate tech startups raised more than $867 Mn across 57 deals last year.
