StepChange - About the company
StepChange is a seed company based in Bengaluru (India), founded in 2022 by Ankit Jain, Sidhant Pai and Ankit Jain. It operates as a Carbon, ESG, and climate risk management platform. StepChange has raised $5.55M in funding from Global Founders Capital and Beenext. The company has 1021 active competitors, including 201 funded and 43 that have exited. Its top competitors include companies like Watershed, EcoVadis and ZeroNorth.
Company Details
Carbon, ESG, and climate risk management platform. The platform offers tools for measuring carbon footprint across operations, value chains, and portfolios. It facilitates the setting and monitoring of emissions targets using established frameworks. It assesses ESG performance, tracks metrics, and generates disclosures to international standards. It evaluates vulnerability to climate and natural risks, leveraging analytics to preserve value.
- Website
- www.stepchange.earth/
- Social
- Email ID
- *****@stepchange.earth
- Phone Number
- +91 **********
Key Metrics
Founded Year
2022
Location
Bengaluru, India
Stage
Seed
Total Funding
$5.55M in 3 rounds
Latest Funding Round
Investors
Ranked
19th among 1021 active competitors
Annual Revenue
₹15.2Cr as on Mar 31, 2025
Employee Count
40 as on Aug 31, 2025
Legal entities associated with StepChange
StepChange is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
LESS CARBON TECHNOLOGIES PRIVATE LIMITED CIN: U74994KA2022FTC158155 , India, Active | Feb 21, 2022 | $1.79M (As on Mar 31, 2025) | 40 (As on Aug 01, 2025) | |
STEPCHANGE INC. CIN: 6573936 , United States, Active | Jan 26, 2022 | - | - | - |
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StepChange's funding and investors
StepChange has raised a total funding of $5.55M over 3 rounds. Its first funding round was on May 16, 2023. StepChange has 15 institutional investors and 1 angel investor.
Here is the list of recent funding rounds of StepChange:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jan 26, 2026 | 9315477 | Seed | 7717491 | 7186724 | 2285948 | 3670706 |
Dec 21, 2023 | 8034434 | Seed | 9979391 | 7279450 | 2176126 | |
May 16, 2023 | 5637821 | Seed | 2864355 | 4753257 |
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StepChange's founders and board of directors
Founder? Claim ProfileThe founders of StepChange are Ankit Jain, Sidhant Pai and Ankit Jain. Ankit Jain and Ankit Jain are the CEOs of StepChange.
Here are the details of StepChange's key team members:
- Ankit Jain: Co-Founder & CEO of StepChange and founder of 2 other companies, OLA Electric and Ola Electric. They serve on the boards of 2 companies.Contact Info: 3 email addresses
- Sidhant Pai: Co-Founder of StepChange and founder of 1 other company. Contact Info: 1 email address
- Ankit Jain: Co-Founder & CEO of StepChange.
View details of StepChange's Founder profiles and Board Members
StepChange's employee count trend
StepChange has 40 employees as of Aug 25. The total employee count is 11.0% lower than what it was in Aug 24. Here is StepChange's employee count trend over the years:
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StepChange's Competitors and alternates
Top competitors of StepChange include Watershed, EcoVadis and ZeroNorth. Here is the list of Top 10 competitors of StepChange, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Watershed 2019, San Francisco (United States), Series C | Provider of platform for enterprise sustainability programs, measurement, reporting, and action | $185M | 74/100 | |
2nd | Provider of supply chain sustainability risk assessment and management platform | $732M | 72/100 | ||
3rd | Provider of platform for voyage, vessel, and bunker optimisation services | $60.5M | 66/100 | ||
4th | Manifest Climate 2015, Toronto (Canada), Series A | Provider of AI-powered platform for sustainability disclosure analysis and compliance | $29.2M | 66/100 | |
5th |  CoGo 2010, Wellington (New Zealand), Series A | Online platform offering carbon footprint solutions | $34.3M | 65/100 | |
6th |  Pledge 2021, London (United Kingdom), Acquired | Provider of a platform for logistics emissions management | $23.8M | 64/100 | |
7th |  Electricity Maps 2016, Copenhagen (Denmark), Series A | Online platform offering electricity carbon data | $5.38M | 62/100 | |
8th | Cloud-based sustainability management software provider | $56.5M | 61/100 | ||
9th | Provider of sustainability software for CO2 accounting and CSRD reporting | $22.9M | 61/100 | ||
10th | Provider of accounting, risk, governance, environmental, social, and technology consulting | $42.5M | 61/100 | ||
19th |  StepChange 2022, Bengaluru (India), Seed | Carbon, ESG, and climate risk management platform | $5.55M | 58/100 |
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StepChange's Investments and acquisitions
StepChange has made no investments or acquisitions yet.
Reports related to StepChange
Here is the latest report on StepChange's sector:
News related to StepChange
Filter this listMedia has covered StepChange for a total of 4 events in the last 1 year, 2 of them have been about partnerships.
•
Lucend Raises $3.3M in Seed FundingFinSMEs•Jan 26, 2026•Mitsubishielectric, StepChange, Remarkable Ventures, New Climate Ventures and 5 others
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Hammerhead AI Secures $10M Seed Funding to Address AI Energy CrisisSiliconAngle•Nov 18, 2025•SE Ventures, Buoyant Ventures, MCJ, WovenEarth and 2 others
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Sattva Consulting and StepChange Forge Strategic Partnership to Revolutionise ESG Data UtilisationAsian News International•Feb 27, 2025•Sattva Consulting, StepChange
•
PRA Group and StepChange Advance Financial Inclusion and Consumer Resiliency in UK ParliamentFintech Finance•Feb 21, 2025•PRA Group, StepChange
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CapeZero Raises $2.6M to Transform Complex Clean Energy Project Finance with Innovative Software Platformintelligence360•Feb 06, 2025•Capezero, Powerhouse, Climactic, Avesta Fund and 2 others
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CapeZero Raises $2.6M in Seed FundingFinSMEs•Jan 24, 2025•Capezero, Powerhouse Ventures, Climactic, Avesta Fund and 2 others
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CapeZero Raises $2.6M to Transform Complex Clean EnergyThe Joplin Globe•Jan 23, 2025•Capezero, Powerhouse, Avesta Fund, Climactic and 2 others
•
StepChange Awarded Prestigious GRI and IFRS Certifications for ESG MasteryDevdiscourse•Aug 05, 2024•StepChange
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Mswipe Technologies Secures $20m In Growth Equity From Existing InvestorsYourStory•Feb 27, 2024•Mswipe, Alpha Wave Global, Matrix, B Capital and 7 others
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