The startup is a newbie, established in this year by Vikas Upadhyay and Harsh Choudhry
The funding will help the startup with tech innovation and global expansion
sentra.world claims to empower industrial businesses to reduce their carbon footprint and contribute to a sustainable future
SaaS climate tech startup sentra.world has raised $2 Mn in a seed funding round led by Avaana Capital, with participation from RPG Ventures and Golden Sparrow Ventures.
The startup said that the funding will help it drive global expansion, platform development, and sectoral intelligence enhancement, serving industrial businesses in India, the Middle East, Southeast Asia, and other markets.
“This seed funding will accelerate our efforts to provide cutting-edge solutions, sectoral intelligence that help businesses seamlessly track supplier emissions, enhance green sourcing, and optimise their environmental impact,” said Vikas Upadhyay, cofounder and COO.
Founded in this year by Vikas Upadhyay and Harsh Choudhry, sentra.world aims to offer industrial and manufacturing companies manage their own operations emissions, their suppliers and at the holding company level through its – sentra.calculus, sentra.network and sentra.portfolio services respectively.
The Bengaluru-based startup claims that it empowers industrial businesses to reduce their carbon footprint and contribute to a sustainable future through sector specific measurement approaches, simulations for emissions reduction, intuitive dashboards, global reporting standards, and gamified data reporting.
Commenting on the services offered by the startup, Choudhry said, “By prioritising Scope 3 emissions, we drive sustainability across the value chain for industrial businesses in India, the Middle East, and Southeast Asia, with future expansion into Europe. Our goal is to have 500 industrial companies and 500,000 suppliers as valued customers, managing 1% of global emissions within five years.”
According to sentra.world, certain sectors in the heavy industries such as utilities, steel, cement, aluminium, automotive and chemicals contribute to approximately 38% of global emissions and 62% emissions in India.
Writing for Inc42, Shauraya Bhutani, cofounder of Capital Connect Advisor, and founder and partner at Breathe Capital noted, despite global headwinds, a record $100 Bn was invested in climate tech companies globally in 2021, with more than $50 Bn invested in the first three quarters of 2022.
Also, Ashish Gupta, cofounder & CEO, Benori Knowledge wrote, “The readiness of Indian companies towards climate change is positively reinforced by their emission reporting numbers. Nearly 75% of the top 100 companies are regularly reporting their scope 1 and 2 emissions, and 48% are reporting scope 3 emissions.”
Climate tech startups have been witnessing increasing attention from investors lately. Last week, cleantech startup Newtrace raised $5.65 Mn in a seed round led by Sequoia Capital India and Aavishkaar Capital.
In April, Ossus Biorenewables raised $2.4 Mn in a Pre-Series A round from Gruhas.