About StepChange
StepChange is a company based in Bengaluru (India) founded in 2022 by Ankit Jain and Sidhant Pai. It operates as a SaaS (Software-as-a-Service), and Professional Services. StepChange has raised $5 million across 2 funding rounds from investors including Speciale Invest, Whiteboard Capital and Flourish Ventures. The company has 46 employees as of December 25, 2024. StepChange offers products and services including Carbon Management, ESG Intelligence, and Climate & Nature Risk. StepChange operates in a competitive market with competitors including EcoVadis, Hara, Uniqus, FigBytes and Novisto, among others.
- Headquarter Bengaluru, India
- Employees 46 as on 25 Dec, 2024
- Founders Ankit Jain, Sidhant Pai
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Stepchange Inc.
- Date of Incorporation 21 Feb, 2022
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$1.08 M (USD)253.15as on Mar 31, 2024
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Net Profit
$16.88 K (USD)157.93as on Mar 31, 2024
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EBITDA
$6.46 K (USD)122.15as on Mar 31, 2024
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Total Equity Funding
$5 M (USD)
in 2 rounds
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Latest Funding Round
$1 M (USD), Seed
Dec 21, 2023
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Investors
Speciale Invest
& 8 more
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Employee Count
46
as on Dec 25, 2024
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Products & Services of StepChange
StepChange offers a comprehensive portfolio of products and services, including Carbon Management, ESG Intelligence, and Climate & Nature Risk. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Carbon footprint is measured for operations and portfolios.
ESG performance is assessed across operations and supply chains.
Climate and nature risks are evaluated for portfolios.
Funding Insights of StepChange
StepChange has successfully raised a total of $5M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1 million completed in December 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $1.0M
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First Round
First Round
(16 May 2023)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2023 | Amount | Seed - StepChange | Valuation |
investors |
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| May, 2023 | Amount | Seed - StepChange | Valuation | Beenext , Global Founders Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in StepChange
StepChange has secured backing from 9 investors, including venture fund investors. Prominent investors backing the company include Speciale Invest, Whiteboard Capital and Flourish Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Flourish Ventures is focused on investing in mission-driven fintech entrepreneurs.
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Founded Year | Domain | Location | |
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Early-stage venture capital fund
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Founded Year | Domain | Location | |
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Venture capital firm focused on early-stage startups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by StepChange
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - StepChange
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Stepchange Comparisons
Competitors of StepChange
StepChange operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as EcoVadis, Hara, Uniqus, FigBytes and Novisto, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Sustainability ratings for supply chains are provided via SaaS platform.
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| domain | founded_year | HQ Location |
Energy and sustainability management is facilitated via a cloud-based platform.
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| domain | founded_year | HQ Location |
Provider of accounting, risk, governance, environmental, social, and technology consulting
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| domain | founded_year | HQ Location |
Cloud-based KPI compliance management software is provided.
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| domain | founded_year | HQ Location |
Cloud-based software for sustainability and ESG management is provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Stepchange
Frequently Asked Questions about StepChange
When was StepChange founded?
StepChange was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Where is StepChange located?
StepChange is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of StepChange?
Ankit Jain is the current CEO of StepChange. They have also founded this company.
Is StepChange a funded company?
StepChange is a funded company, having raised a total of $5M across 2 funding rounds to date. The company's 1st funding round was a Seed of $4M, raised on May 16, 2023.
How many employees does StepChange have?
As of Dec 25, 2024, the latest employee count at StepChange is 46.
What is the annual revenue of StepChange?
Annual revenue of StepChange is $1.08M as on Mar 31, 2024.
What does StepChange do?
StepChange is engaged in providing software solutions for carbon management, ESG intelligence, and climate and nature risk assessment. The company serves various sectors including financial institutions, real estate, industrial manufacturing, and consumer goods. Solutions are designed to measure carbon footprints, assess ESG performance, and manage climate risks across operations, supply chains, and portfolios. Compliance with global standards such as PCAF, GRI, and TCFD is ensured, supporting enterprises in achieving sustainability and net-zero goals through advanced analytics and data integration.
Who are the top competitors of StepChange?
What products or services does StepChange offer?
StepChange offers Carbon Management, ESG Intelligence, and Climate & Nature Risk.
Who are StepChange's investors?
StepChange has 9 investors. Key investors include Speciale Invest, Whiteboard Capital, Flourish Ventures, Beenext, and Global Founders Capital.
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