Climate tech startup Sustainiam has secured $1.45 million (approximately INR 12.3 crore) in a Pre-Series A funding round led by Orios Venture Partners. The funding round also drew participation from prominent angel investors, including Bollywood actor Shilpa Shetty Kundra, GSF Accelerator founder Rajesh Sawhney, IPL Biologicals president Harsh Vardhan Bhagchandka, and former Orios Venture Partners’ senior vice president Vinit Bhansali.
Driving Global Expansion and Innovation
Sustainiam, founded in 2023 by Sapna Nijhawan and Pranav Burnwal, provides tech-enabled carbon footprint management solutions for enterprises. The startup aims to revolutionize the registration, creation, and trading of carbon credits through a digital platform. Its offerings also include facilitating transactions in International Renewable Energy Certificates (IRECs) and other carbon certificates.
With the fresh infusion of capital, Sustainiam plans to:
- Double its headcount.
- Expand global operations.
- Launch a new digital platform for environmental asset management.
Speaking about the funding, co-founder Sapna Nijhawan said, “Sustainiam was founded to transform the industry by digitising how carbon credits are registered, created, and traded worldwide. By enabling digital asset creation, we’re unlocking new supply streams and empowering generators to maximize their incentives. We are excited to partner with Orios and marquee angels, as we rapidly amp up to make a real difference on a global scale.”
Growing Interest in Climate Tech
The funding round highlights the growing interest in the climate tech sector, with startups leveraging technology to address pressing environmental challenges. In May 2024, Solinas Integrity, another climate tech startup, raised undisclosed funding from Neev Fund II, managed by SBICAP Ventures, the private equity arm of the State Bank of India.
The increasing investor focus on climate tech underscores the urgency and opportunity to create scalable solutions in the fight against climate change.
About Sustainiam
Based in Delhi NCR, Sustainiam is committed to advancing sustainable practices by empowering enterprises with technology-driven solutions for carbon management. Since its inception in 2023, the startup has been focused on simplifying and digitizing the carbon credit ecosystem, enabling businesses to reduce their environmental impact while unlocking economic value.
