Sprih Raised $3 Million in a Fundraising Round Headed by Leo Capital
Image Source: The Economic Times
Sprih, a carbon emission management platform, raised $3 million in a funding round headed by Leo Capital, an early-stage venture capital firm.
The funds will be used to boost global sales, hire personnel to build artificial intelligence (AI) models concentrating on climate challenges, and grow the network of partners.
“We aim to compile all climate data in one place…” Akash Keshav, cofounder, and CEO, told ET that the company will continue to invest in research and product development.
Founded in 2022, the company provides organizations with an end-to-end software application that simplifies the process of monitoring, comparing to industry standards, and reporting emissions throughout their operations and supply chain.
The company intends to grow its customer base in India and expand into the United States, Europe, and other worldwide regions that have climate regulations in place. It is now conducting pilots in the United States. “These countries have committed to reducing their carbon footprint.”
What does Sprih actually do?
Sprih is more than simply a sustainability platform; it is a complete solution that enables organizations to go beyond regulatory requirements and turn sustainability into a competitive advantage. Using the Sprih platform, businesses can:
Measuring: Sprih assesses emissions accurately and consistently, providing businesses with a firm grasp of their carbon footprint.
Benchmarking: Companies can compare their sustainability performance to industry norms and peers, gaining insights to drive progress and differentiate themselves in the market.
Planning: Sprih enables organizations to confidently reduce emissions with data-driven insights and expert coaching. This allows them to turn ambitious sustainability targets into attainable results.
Reporting: Sprih simplifies regulatory reporting by providing accurate and complete data with a single click. This reduces compliance risks and allows businesses to prioritize continuity and market access.
Sharing: The platform facilitates the sharing of emissions data and sustainability recommendations, allowing suppliers to align with sustainability goals and promote environmental stewardship throughout the supply chain.
Furthermore, Sprih provides bespoke solutions for several sectors, such as enterprise, finance, and supply chain, allowing businesses of all sizes and industries to benefit from its capabilities. Sprih has proven its capacity to drive substantial sustainability transformations through partnerships with top firms such as Espi Industries and QualityKiosk Technologies Pvt. Ltd. Choosing Sprih means embracing sustainability as a driver for growth and innovation, attracting conscious investors, driving market success, optimizing sustainability investments, and staying future-ready in a rapidly evolving regulatory landscape. With Sprih, businesses can redefine their sustainability strategy, maximizing both environmental impact and business outcomes.
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