Smarter Dharma has raised $500K in its seed funding round from Zerodha's investment arm Rainmatter, Gruhas, Anthill Ventures, among others
Smarter Dharma offers sustainability resource planning platform to the real estate industry which offers business intelligence by combining data analytics and machine learning algorithms
Smarter Dharma also plans to launch a sustainable materials and solutions marketplace for the real estate sector
Real estate sustainability startup Smarter Dharma has raised $500K in its seed funding round from Zerodha’s investment arm Rainmatter, Gruhas, Anthill Ventures, among others.
The startup said it will use the fresh funding to build its technology platform and expand the business development team.
Founded in 2012 by Sriram Kuchimanchi, Smarter Dharma offers sustainability resource planning platform SD+ for the real estate industry. The platform offers business intelligence by combining data analytics and patented machine learning algorithms, which are built taking into consideration the challenges of resource availability, consumption predictors and local innovative solutions.
The startup claims its intelligence helps companies create tangible net zero goals and also simplifies decision making. It claims to have helped mitigate over 50,000 tonnes of CO2 emissions since inception.
Smarter Dharma also plans to launch a sustainable materials and solutions marketplace for the real estate sector.
Commenting on the fundraise, CEO Kuchimanchi said, “We have strived to make sustainability a default choice and an easy one for everyone. And, we realise that one size does not fit all and that a data-driven decision making engine which customises solutioning is the need of the hour… this (funding) would set us on our path to mitigating a billion tonnes of CO2e by 2030.”
With climate change and sustainability becoming a focus area across industries, Indian startups focused on these areas have been receiving a lot of interest from investors. Earlier this month, sustainable ecommerce platform Meolaa raised $2 Mn in its seed funding round led by Turbostart.
Last month, sustainable packaging startup Cirkla raised $3 Mn from Matrix Partners India, Stellaris Venture Partners, among others. Prior to that, mining giant Vedanta said it would collaborate with 100 startups to explore sustainable technologies as part of the third edition of its accelerator programme.
In fact, one of the focus areas for Rainmater is climate change. Earlier this week, it also invested in sportstech startup Game Theory.