You can be on Entrepreneur’s cover!

Climate Tech Startup Sprih Secures USD 3 Million In Seed Funding Sprih lends its technological solutions to help businesses create a data-driven and action-oriented sustainability strategy, which goes beyond regulatory demands.

By Entrepreneur Staff

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Photo Curtesy: Freepik

Sprih, a carbon emissions management platform, has raised USD 3 million in a seed funding round led by Leo Capital, with participation from Entrepreneurs and Climate Experts globally.

Founded in 2022, Sprih is a cutting-edge climate technology platform constructed on a robust AI foundation, designed to assist companies in streamlining their path towards sustainability.

With a SaaS business model and a strong ecosystem of climate solution providers, Sprih lends its technological solutions to help businesses create a data-driven and action-oriented sustainability strategy, which goes beyond regulatory demands.

Sprih's proposition enables businesses to simplify the complex task of measuring, benchmarking against industry peers, and reporting emissions across their operations and supply chain, thereby realising their decarbonisation goals efficiently and enhancing their brand reputation.

Speaking on the funding, Akash Keshav, Co-founder & CEO, Sprih said, "It has become a necessity for CEOs to make their businesses sustainable. With stricter climate laws and trade agreements across the globe, businesses are confronted with existential challenges. At Sprih, we are on a mission to make the future better by empowering businesses with the right tools to turn these challenges into opportunities, enabling them to establish a competitive edge through sustainability."

"We are thrilled to announce our seed investment round. With the infusion of this capital, we are well-positioned to accelerate our growth, expand the team, and bring more innovative solutions to the market," Keshav added.

Commenting on their investment in Sprih, Ravi Srivastava, Partner, Leo Capital said, "With increasing top-down commitments towards net zero, sustainability is steadily becoming a crucial part of businesses' growth agenda. However, without any prior framework, most companies struggle to develop a viable path to their sustainability goals. Here, Sprih's AI-driven scope-3 carbon accounting & benchmarking platform has the potential to be a gamechanger for businesses. The team is on a mission to drive sustainability practices, and the simple yet powerful Sprih platform starts this tall order by tapping into regulatory tailwinds".

The startup has research partnerships with leading institutions like IIT Kanpur and IIT Bombay. Over the coming year, it plans to expand its customer base in India and grow its presence in the USA, Europe, and other key global markets.

Sprih also plans to allocate the raised capital for sales and marketing activities to support its global expansion efforts. Additionally, it will also deploy funds towards acquiring talent for the creation of AI models centred on climate, and broadening its partner ecosystem to aid customers in implementing climate solutions.

Entrepreneur Staff

Entrepreneur Staff

Editor

News and Trends

Healthcare Startup Medulance Raises USD 3 Mn in Series A Led by Alkemi Growth Capital

The Delhi-based platform aims to deploy the funds to increase its presence across the country while focusing on emergency management technology.

Growing a Business

Demand For This Workforce Is Soaring – Here's How You Can Capitalize On This Thriving Talent Pool to Drive Your Company's Growth

Top platforms and practical tips for capitalizing on specialized independent talent.

News and Trends

Nikhil Kamath's WTFund Invites Applications from April 15 from Young Entrepreneurs

The new sector-agnostic fund will offer a package including a non-dilutive grant of INR 20 lakh and will enable founders to retain full equity in their ventures.

Growing a Business

5 Entrepreneurial Mindsets That Drive Success

Here are the mindsets shared by the most successful entrepreneurs.

Growing a Business

This Revolutionary Tool Will Streamline Your Sales and Workload — Here's How You Can Harness It Today.

Custom GPTs are revolutionizing sales operations in 2024 by enabling personalized automation that boosts efficiency and conversions. These tailored AI solutions enhance customer interactions and streamline workflows, marking a significant advancement in sales technology.

Diversity

Representation In AI Development Matters — Follow These 5 Principles to Make AI More Inclusive For All

Four out of five leaders and other execs want to learn more about how to use AI in their professional roles, but how can you craft it to also make diversity and inclusion a collective North Star?