Ending Soon! Save 33% on All Access

Environment Services Provider Climes Raises $1.2 Million Funding Raised funds would be used to build digital infrastructure and incentivise market players

By Akshit Pushkarna

Opinions expressed by Entrepreneur contributors are their own.

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

Siddhanth Jayaram and Anirudh Gupta, Founders, Climes

Climatetech company Climes announced that they raised $1.2 million in their first round of funding. The first round saw participation from Sequoia Capital India, Kalaari Capital, Nithin Kamath (Zerodha, Rainmatter), and Avaana Capital. Other notable participants in the round include Satyen Kothari (Cube Wealth) and Anshuman Bapna (Terra.do) from Stanford Angels, Keshav Reddy (Reddy Futures), and Arjun Gupta (Smart Joules) & Akshay Singhal (Log9 Materials) among others. Founded in 2021, the startup founded by Anirudh Gupta and Siddhanth Jayaram, partners with consumer brands that want to go climate-friendly.

On the announcement, co-founders Anirudh & Siddhanth said, "Finance is the single biggest lever to solve climate change. Fantastic projects and solutions for carbon mitigation exist all around us. However, the finance needed to scale these projects is simply not flowing fast enough."

The company is building an engine that accelerates the flow of fresh capital towards climate solutions by making it convenient for brands and individuals to take meaningful climate action. Since its inception, the company has partnered with brands like MakeMyTrip, Zingbus, and TEDx.

With this capital raise, Climes is aiming to build the necessary digital infrastructure to enable a big chunk of this money to flow transparently and design the right incentives for all market players to benefit.

On his investment, Nithin Kamath, Founder & CEO, Zerodha & Rainmatter, said, "The ideal solution towards climate change problems is to reduce consumption which may not be possible at all times. Making people aware of their carbon footprint and then making it available to offset maybe a good mid-way path. We are excited to be a part of their journey and learn ourselves along the way."

Akshit Pushkarna

Features Writer

Leadership

How to Break Free From the Cycle of Overthinking and Master Your Mind

Discover the true cost of negative thought loops — and practical strategies for nipping rumination in the bud.

Leadership

How a $10,000 Investment in AI Transformed My Career and Business Strategy

A bold $10,000 investment in AI and machine learning education fundamentally transformed my career and business strategy. Here's how adaption in the ever-evolving realm of AI — with the right investment in education, personal growth and business innovation — can transform your business.

Side Hustle

These Brothers Had 'No Income' When They Started a 'Low-Risk, High-Reward' Side Hustle to Chase a Big Dream — Now They've Surpassed $50 Million in Revenue

Sam Lewkowict, co-founder and CEO of men's grooming brand Black Wolf Nation, knows what it takes to harness the power of side gig for success.

Business News

Now that OpenAI's Superalignment Team Has Been Disbanded, Who's Preventing AI from Going Rogue?

We spoke to an AI expert who says safety and innovation are not separate things that must be balanced; they go hand in hand.

Business News

A University Awarded a Student $10,000 for His AI Tool — Then Suspended Him for Using It, According to a New Lawsuit

Emory University awarded the AI study aid the $10,000 grand prize in an entrepreneurial pitch competition last year.

Science & Technology

3 Major Mistakes Companies Are Making With AI That Is Limiting Their ROI

With so many competing narratives around the future of AI, it's no wonder companies are misaligned on the best approach for integrating it into their organizations.