LogicLadder, a leading provider of sustainability and climate action solutions, has successfully secured $2.5 million in funding to fuel its expansion in North America and South Asia. The round was led by BIG Capital, based in Singapore and Vietnam, and Rainmatter, a venture fund backed by Zerodha.
LogicLadder, established in Gurugram by Mayank Chauhan and Atindra Chandel, offers a robust software platform known as The Sustainability Cloud. This platform is utilized by prominent companies including Maruti Suzuki, BHEL, Adani Power Ltd, and NTPC Ltd, helping them reduce their environmental footprint and meet sustainability goals efficiently.
The platform supports enterprises in managing ESG metrics, accounting for Scope 1, 2, and 3 carbon emissions, adhering to rigorous global standards such as GHG Protocol, SBTi, GRI, and CDP, among others. According to the founders, the fresh capital will also enhance product development and increase capacity to keep pace with the dynamic environmental compliance landscape.
Preetinder Panjarath, CFO of BIG Capital, emphasized the critical challenge posed by climate change, commending LogicLadder for facilitating easier compliance and reporting for enterprises. Dinesh Pai, Head of Investments at Rainmatter, highlighted the complexity of measuring and managing climate data, expressing enthusiasm for supporting LogicLadder's pivotal sustainability solutions.
Currently, LogicLadder serves over 1,000 customers worldwide, including significant players like Mother Dairy and PVR-INOX, and collaborates with about 40 channel partners to promote efficient, sustainability-driven practices in various sectors.