About StepChange
StepChange is a Technology company based in Bengaluru (India) founded in 2022 by Ankit Jain and Sidhant Pai. Carbon footprint, ESG, and climate risks are managed for businesses. It operates on a SaaS (Software-as-a-Service) and Professional Services model. StepChange has raised $5.55 million across 3 funding rounds from investors including Speciale Invest, Whiteboard Capital and Flourish Ventures. The company has 46 employees. Its chief executive, as recorded, is Ankit Jain. Its Indian entity Less Carbon Technologies Private Limited reported revenue of ₹15.16 Cr. StepChange offers products and services including Carbon Management, ESG Intelligence, and Climate & Nature Risk. Its focus areas include Software, Sustainability Solutions, Finance and Sustainable Finance.
Company details
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.
- Headquarters Bengaluru, India
- Employees 46
- Founders Ankit Jain, Sidhant Pai
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website stepchange.earth
- Social LinkedIn Facebook Instagram YouTube
- Legal Name Stepchange Inc.
- Date of Incorporation 21 Feb, 2022
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹15.16 Cr
FY 2025 · +64% YoY
- Net Profit₹13.6 Lakh
FY 2025 · 1% margin
- EBITDA₹25 Lakh
FY 2025 · 2% margin
- Total Equity Funding$5.55M (USD)
in 3 rounds
- Latest Funding Round$550K (USD), Seed
Jan 2026
- InvestorsSpeciale Invest
& 8 more
- Employee Count46
Associated legal entities of StepChange
StepChange operates through Less Carbon Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Less Carbon Technologies Private Limited CIN U74994KA2022FTC158155 | Active | 21 Feb 2022 | Bangalore, Karnataka | ₹15.2 Cr | 46 | 2 | View details |
Products & Services of StepChange
StepChange offers a comprehensive portfolio of products and services, including Carbon Management, ESG Intelligence, and Climate & Nature Risk.
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.
Apps and channels of StepChange
its YouTube channel StepChange has 32 subscribers and 6 videos.
Videos from StepChange
The most watched videos on StepChange's YouTube channel, StepChange (32 subscribers). Click a video to play it here.
More on StepChange.
Funding Insights of StepChange
StepChange has successfully raised a total of $5.55M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $550 thousand completed in January 2026. 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 $5.55M
- Total Rounds 3
- Last Round Seed — $550,000
- First Round $4M
(May 2023)
- Investors Count 9
All 3 funding rounds of StepChange with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2026 | $550,000 | Seed | – | – | – |
| Dec 2023 | $1M | Seed | – | – | |
| May 2023 | $4M | Seed | – | Beenext, Global Founders Capital |
9 investors in total: 9 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Flourish Ventures is focused on investing in mission-driven fintech entrepreneurs. | flourishventures.com | Redwood City, United States | ||
Early-stage venture capital fund | beenext.com | Singapore, Singapore | ||
Venture capital firm focused on early-stage startups | globalfounderscapital.com | Berlin, Germany | ||
Venture capital firm focused on seed and early-stage investments in digital startups across Asia. | 2016 | genesiaventures.com | ||
Investment support is provided to startups by Whiteboard Capital. | 2017 | whiteboardcap.com | Mumbai, India | |
Venture capital firm focused on pre-seed to series B stage companies | saisoncapital.com | Singapore, Singapore | ||
Early-stage investing and founder support services are offered globally by Antler. | 2018 | antler.co | ||
Investing in deep tech startups with a focus on early-stage innovations in technology and engineering. | 2017 | specialeinvest.com | Bengaluru, India | |
Investments are made in pre-seed and seed stage tech startups. | seedstars-international.vc | Carouge, Switzerland |
Investor details for StepChange
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Less Carbon Technologies Private Limited (StepChange)
Less Carbon Technologies Private Limited is the primary company behind StepChange. The board of Less Carbon Technologies Private Limited currently have 2 directors; the longest-serving is Ankit Jain, appointed in 2022.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ankit Jain DIN 08277181 | Director | 21 Feb 2022 | 4 yrs 8 mo | Less Carbon Technologies Private Limited |
| Aanchal Sagar Jain DIN 03068350 | Director | 21 Feb 2022 | 4 yrs 8 mo | Less Carbon Technologies Private Limited |
People of StepChange
2 people are tracked at StepChange (2 in leadership); the tracked headcount is 46.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
Sidhant Pai | Co-Founder & Chief Science Officer | Leadership |
Complete people profiles for StepChange
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of StepChange
Figures of Less Carbon Technologies Private Limited, the primary company behind StepChange, for FY 2025. Revenue was ₹15.16 Cr (+64% year on year). Net profit was ₹13.6 Lakh (1% margin). EBITDA was ₹25 Lakh (2% margin).
- ₹15.16 CrRevenue · FY 2025 · +64% YoY
- ₹13.6 LakhNet profit · 1% margin
- ₹25 LakhEBITDA · 2% margin
- ₹67,470Paid-up capital
- 46Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Less Carbon Technologies Private Limited are on its company page.
Detailed financial statements for StepChange
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of StepChange
3 dated milestones of StepChange across 4 years, from founding to its latest funding, stage changes and deals.
- Founded StepChange is founded.
- Funding First funding round of $4.0M.
- Funding Latest funding round, Seed, of $550K.
Web traffic of StepChange
The website of StepChange (stepchange.earth) receives about 6K visits a month.
- Monthly visits6K
▼ 12.7% vs previous month
Websites whose visitors overlap most with StepChange. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| psico-smart.com | 100% | 102K | #426,706 | View details |
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Related news about Stepchange
Complete news archive for StepChange
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Frequently Asked Questions about StepChange
StepChange was founded in 2022 and raised its 1st funding round 1 year after it was founded.
StepChange is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Ankit Jain is the CEO of StepChange, as recorded in our data. They have also founded this company.
StepChange is a funded company, having raised a total of $5.55M across 3 funding rounds to date. The company's 1st funding round was a Seed of $4M, raised on May 2023.
StepChange has 46 employees.
The primary company behind StepChange, Less Carbon Technologies Private Limited, reported revenue of ₹15.16 Cr for FY 2025, up 64% year on year.
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.
StepChange offers Carbon Management, ESG Intelligence, and Climate & Nature Risk.
StepChange has 9 investors. Key investors include Speciale Invest, Whiteboard Capital, Flourish Ventures, Beenext, and Global Founders Capital.
StepChange operates through Less Carbon Technologies Private Limited.
The legal entities of StepChange currently have 2 directors, including Ankit Jain, Aanchal Sagar Jain.