sentra.world, an ESG SaaS platform, raises USD 2 million in seed funding led by Avaana Climate Fund

sentra.world, a technology platform empowering industrial businesses on their path to net zero, is proud to announce a successful seed funding round of $2 million (~INR 16 crores). The funding round was led by Avaana Capital, India's foremost early-stage climate-tech venture capital firm, with partici- pation from RPG Ventures and Golden Sparrow Ventures.

The recent momentum towards net-zero emissions is evident, with 1000’s of companies committed to achieving net-zero emissions globally. Industrial sectors such as utilities, steel, cement, aluminium, automotive and chemicals play a significant role, accounting for approximately 38% of global emissions and 62% of emissions in India (McKinsey's Global Energy Perspective, 2022 & Decarbonising India, 2022). This underscores the pressing need for decisive action.

sentra.world aims to help industrial companies manage GHG emissions of their own operations, of their suppliers (scope 3), and at the holding company level through its products sentra.calculus, sentra.network and sentra.portfolio respectively. With sector specific measurement approaches, simulations for emissions reduction, intuitive dashboards, global reporting standards, and gamified data reporting, sentra.world empowers industrial businesses to reduce their carbon footprint and contribute to a sustainable future.

Companies are now aiming to include scope 3 (supplier related) in emissions management with procurement and sustainability functions partnering to deliver. Large industrial companies have upwards of 5000 suppliers each, however, face challenges such as suppliers not having enough/unstructured data, not the right incentives, and suppliers not wanting to expose their data to buyers and competitors, The sentra.network product solves for these and also provides a green rating to suppliers, giving them a new value proposition and enabling procurement functions of buyers to find the right suppliers for their net zero journey.

Harsh Choudhry (CEO) and Vikas Upadhyay (COO), the founders of sentra.world, bring over 30 years of combined global experience in sustainability, heavy industry, and technology. Their background as former junior partners at McKinsey, a renowned global management consulting firm, has shaped sentra.world's vision and comprehensive suite of solutions. With Harsh Choudhry's visionary leadership and Vikas Upadhyay's expertise in driving sustainable operations, sentra.world is committed to facilitating industrial businesses worldwide on their net-zero journeys through sector specific SaaS products.

"We envision empowering global industrial businesses on their net-zero journeys through sector specific SaaS products," shar- ed Harsh Choudhry, Co-Founder and CEO of sentra.world. "By prioritizing 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.”

"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, Co-Founder and COO, sentra.world. “As sentra.world stands for Sustainability and Energy Transition for a Better World, we are enthused to embark on this sustainable journey to make a lasting positive impact on Planet Earth”, he exclaimed. 

"We are excited to lead the seed funding round for sentra.world and support their groundbreaking efforts in Scope 3 emissions management," said Anjali Bansal, Founding Partner at Avaana Capital. "Their innovative platform and comprehensive suite of solutions address critical challenges faced by industrial businesses, driving sustainability and enabling a greener future. We are confident that sentra.world will play a pivotal role in shaping the industrial sector's transition to net-zero emissions."

Sentra.world's seed funding will drive global expansion, platform development, and sectoral intelligence enhancement, serving industrial businesses in India, the Middle East, Southeast Asia, and beyond. With a commitment to sustainability and net-zero goals, Sentra.world offers innovative Scope 3 solutions to empower businesses and achieve ESG excellence.

Source : Press Release