DealStreetAsia: StepChange Snags $1m From Flourish Ventures

StepChange, an enterprise sustainability platform, has raised $1 million from global venture capital firm Flourish Ventures.

Founded in 2022 by Ankit Jain and Pai, StepChange offers a suite of integrated solutions to large enterprises and financial institutions that enable them to track, improve, and report on a wide variety of ESG performance indicators, with a particularly deep focus on carbon accounting and climate risk management solutions.

“The timing to invest is apt for us as India’s central bank has introduced comprehensive guidelines for financial institutions in the country to incorporate climate risk into their decision-making processes,” Harsh Gupta, Principal, India, at Flourish Ventures, said.

Edited by: Padma Priya