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Sentra World Secures $2 Million in Funding Led by Avaana Capital and Other Investors – EQ Mag

Sentra World Secures $2 Million in Funding Led by Avaana Capital and Other Investors – EQ Mag

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Sentra.world, a startup with a strong focus on ESG (Environmental, Social, and Corporate Governance), has successfully secured $2 million in seed funding. The funding round was led by Avaana Capital, a venture capital firm specializing in early-stage climate-tech investments. Notable participants in the round included RPG Ventures and Golden Sparrow Ventures, as stated by the company in its official announcement.

The infusion of funds will fuel Sentra.world’s global expansion initiatives, further development of their platform, and the enhancement of sectoral intelligence. The company aims to cater to industrial businesses not only in India but also across the Middle East, Southeast Asia, and other regions. By assisting clients in monitoring and efficiently managing scope 3 emissions, which encompass emissions in the supply chain, the Bengaluru-based startup plays a crucial role in sustainability efforts.

β€œBy prioritising 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,” Harsh Choudhry, cofounder and CEO of Sentra.world, said in a statement.

Sentra.world was co-founded by Choudhry and Vikas Upadhyay, both of whom previously served as junior partners at the renowned global management consulting firm McKinsey.

β€œThis seed funding will accelerate our efforts to provide cutting-edge solutions, sectoral intelligence that helps businesses seamlessly track supplier emissions, enhance green sourcing, and optimise their environmental impact,” said Upadhyay, who is the COO of Sentra.world.

Sentra.world offers efficient solutions for industrial companies to effectively monitor and control greenhouse gas (GHG) emissions. With its specialized productsβ€”sentra.calculus, sentra.network, and sentra.portfolioβ€”companies can easily manage their own emissions, track suppliers’ emissions, and ensure overall GHG management at the holding company level.

Sentra.network offers a unique feature by providing suppliers with a green rating, which adds value to their proposition. This feature also assists buyers in their procurement processes by enabling them to identify suitable suppliers that align with their specific requirements.

Industries like utilities, steel, cement, aluminum, and chemicals are major contributors to carbon emissions, amounting to around 38% of global emissions and 62% of emissions in India, as reported by McKinsey’s Global Energy Perspective – 2022 and Decarbonising India – 2022.

Source: PTI
Anand Gupta Editor - EQ Int'l Media Network