- Name of the Company: Sprih
- Industry: Climate tech, carbon emission management
- Funding Amount: $3 million
- Funding Date: NA
- Dilution Percentage: NA
- Date of Inception: NA
- Founders: Rohit Toshniwal, Akash Keshav, Hemant Joshi, Ravi Singhal
About Sprih: Sprih, a carbon emission management platform, has secured $3 million in a recent funding round led by Leo Capital, an early-stage venture capital firm. The startup plans to use the funds to expand its global sales efforts, acquire talent for developing AI models focusing on climate issues, and expand its network of partners.
Sprih’s Offerings: Founded by Rohit Toshniwal, Akash Keshav, Hemant Joshi, and Ravi Singhal, Sprih offers an end-to-end software tool to simplify the process of measuring, benchmarking, and reporting emissions across operations and supply chains. The platform aims to guide businesses towards carbon neutrality efficiently.
Founder’s Vision: Akash Keshav, Co-founder and Chief Executive of Sprih, highlighted the startup’s goal of bringing all climate data into one place. He emphasized the importance of investing in research and product development to achieve this goal.
Investor’s Perspective: Ravi Srivastava, Partner at Leo Capital, emphasized sustainability as a crucial part of businesses’ growth agenda. He noted the challenges companies face in developing a viable path to their sustainability goals without a prior framework.
Expansion Plans: Sprih plans to increase its customer base in India and expand into Europe, the US, and other countries with climate laws in place. The startup currently serves more than 12 customers, including Hero MotoCorp, Indigo Paints, Arvind SmartSpaces, Espi Industries, and InfoBeans, and aims to target around 40-50 customers globally.
Other Developments: Last month, Varaha, a climate tech startup focused on offsetting greenhouse gas emissions, raised $8.7 million in its latest funding round, indicating growing investor interest in climate-focused startups.