Climate Tech Start-Up Sprih Secures $3 Million In Seed Funding Led By Leo Capital

The company will use investments for sales and marketing activities to support its global expansion efforts

Updated on: 19 March 2024 11:34 am

(L-R) Sprih Co-founders Rohit Toshniwal, Akash Keshav, Hemant Joshi, Ravi Singhal

Carbon emissions management platform, Sprih has raised $3 million in a seed funding round. The round was led by Leo Capital, with participation from Entrepreneurs and Climate Experts globally.

Founded in 2022, Sprih is a cutting-edge climate technology platform constructed on a robust AI foundation, designed to assist companies in streamlining their path towards sustainability.

It provides technological solutions aiding businesses in crafting data-driven sustainability strategies. Its tool streamlines emission measurement, benchmarking, and reporting, facilitating efficient decarbonization and bolstering brand reputation.

The company is led by Akash Keshav, Ravi Singhal, Rohit Toshniwal, and Hemant Joshi.

Sprih works with public-listed and private companies across sectors such as manufacturing, construction, chemical, paint, pharma, IT, and higher education. Some of its customers include Indigo Paints, Hero Motors, Arvind SmartSpaces, Espi Industries, and InfoBeans, it claimed.

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In addition, the start-up has research partnerships with leading institutions like IIT Kanpur and IIT Bombay. Over the coming year, it plans to expand its customer base in India and grow its presence in the USA, Europe, and other key global markets.

Speaking on the funding, Keshav the CEO and co-founder of the company said,“At Sprih, we are on a mission to make the future better by empowering businesses with the right tools to turn these challenges into opportunities, enabling them to establish a competitive edge through sustainability. With the infusion of this capital, we are well-positioned to accelerate our growth, expand the team, and bring more innovative solutions to the market.”

The company will use investments for sales and marketing activities to support its global expansion efforts. Additionally, it will also deploy funds towards acquiring talent for the creation of AI models centred on climate, and broadening its partner ecosystem to aid customers in implementing climate solutions.