Investment in StepChange, an Indian SaaS company for helping enterprises achieve their NetZero target
Genesia Ventures, Inc. has announced its investment from Genesia Venture Fund No. 3 (GV-3) in StepChange, an Indian SaaS company for helping enterprises achieve their NetZero target.
Genesia Ventures is thrilled to announce our very first venture in India, investing in the innovative climate tech startup, StepChange. This strategic move marks a significant milestone in our journey, as we expand our commitment to fostering groundbreaking solutions and technologies in a highest growing markets.
At Genesia Ventures, we have always believed in the power of technology to bring about transformative changes. Investing in StepChange is a testament to this belief. Their unique approach to climate technology harnesses the power of data, AI, and region-specific knowledge to drive sustainable solutions, and we are proud to support their mission.
StepChange is at the forefront of the climate tech revolution in India. Their innovative strategies and commitment to sustainable practices present a promising solution to the global climate crisis. With its product, you can start and keep comprehensive ESG management as follows:
- Calculate your environmental impact (including carbon emissions across Scope 1, 2, and 3) using state-of-the-science methods in compliance with global standards
- Set science-based targets aligned to the SBTi’s NetZero Standard
- Benchmark your organization’s performance, reduce emissions and improve ESG performance
- Report ESG metrics across a host of global reporting frameworks (BRSR, GRI, etc.) with the click of a button
Our investment in StepChange also represents our commitment to the Indian market. We believe that India, with its vibrant tech ecosystem and immense potential for growth, is an ideal platform for innovative solutions in the climate tech space. We look forward to working closely with StepChange and other startups in the region to foster a sustainable future.
Again, we are thrilled to start this journey with StepChange. We hope to drive significant change and create a sustainable future for all with their team.
About the Investment
Shunsuke Sagara, Investment Manager, Genesia Ventures, Inc.
“We are excited to partner with StepChange’s talented team driven by Ankit Jain, ex-Board member of India’s most successful EV startup Ola Electric, and share their commitment to creating a sustainable future. Their unique vision aligns perfectly with Genesia Ventures’ commitment to invest in companies that are not only commercially successful but also deliver meaningful social impact.”
Company name: StepChange, Inc.
CEO & Founder: Ankit Jain
Establishment date: January 27th, 2022
Headquarters: WeWork Prestige Cube Site, 26, Hosur Rd, Adugodi, Bengaluru, Karnataka 560029, India (※Registered headquarters is in US Delaware)