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.

Who is the current CEO of StepChange?

Ankit Jain of StepChange. They have also founded 1 company.

Which legal entities is StepChange associated with?

StepChange is associated with LESS CARBON TECHNOLOGIES PRIVATE LIMITED and 1 other.

How many employees does StepChange have?

As of Aug 31, 2025, StepChange has 40 employees, reflecting a 11% year-over-year decline in headcount.

Is StepChange a funded 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 round, raised on May 16, 2023.

When was the latest funding round of StepChange?

StepChange's latest funding was a $***** Seed round on Jan 26, 2026, with participation from 0 investor. Its primary sector is GRC Software. In India, the GRC Software sector has seen $60.7M in funding in 2026 to date.

What is the annual revenue of StepChange?

Annual revenue of StepChange is between ₹10 Cr and ₹50 Cr as on Mar 31, 2025

Where does StepChange rank among its competitors?

StepChange ranks 43rd amongst 2415 active competitors, of which 366 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was StepChange, which secured $550K in Jan, 2026.

Who are the top competitors of StepChange?

StepChange's top competitors include Thomson Reuters, Watershed and EcoVadis. Among them, StepChange secured the most recent funding round in January, 2026.

StepChange - 2026 Company Profile, Team, Funding, Competitors & Financials

StepChange is a seed company based in Bengaluru (India), founded in 2022 by Ankit Jain and Sidhant Pai. 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 2415 active competitors, including 366 funded and 141 that have exited. Its top competitors include companies like Thomson Reuters, Watershed and EcoVadis.

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

Seed, Jan 26, 2026, $*****

Investors

Global Founders Capital & 15 more

Ranked

43^rd among 2415 active competitors

Annual Revenue

₹10 - ₹50 Cr as on Mar 31, 2025

Employee Count

40 as on Aug 31, 2025

Similar Companies

Watershed & 917 more

View StepChange's full profile

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	₹10 - ₹50 Cr (As on Mar 31, 2025)	40 (As on Aug 01, 2025)
STEPCHANGE INC. CIN: 6573936 , United States, Active	Jan 26, 2022	-	-	-

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	1117918	Seed	5080243	4892828	8450534	1952530
Dec 21, 2023	1739766	Seed	2875736	7507225	2828284	Flourish
May 16, 2023	5415744	Seed	1599596	8165593	Beenext & 1 more	Genesia Ventures & 5 more

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View details of StepChange's funding rounds and investors

The founders of StepChange are Ankit Jain and Sidhant Pai. Ankit Jain is the CEO 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 and 1 phone number
Sidhant Pai: Co-Founder of StepChange and founder of 1 other company.
Contact Info: 1 email address

StepChange's Board of Directors

StepChange's board has 2 active members. Ankit Jain is part of team and Aanchal Sagar Jain is independent board member.

Here is the list of StepChange's board of directors:

Name	Type	Representing	Status	Duration
Ankit Jain	Team	-	Current	4y 3m
Aanchal Sagar Jain	Independent board member	-	Current	4y 3m

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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Top competitors of StepChange include Thomson Reuters, Watershed and EcoVadis. Here is the list of Top 10 competitors of StepChange, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Thomson Reuters 2008, Toronto (Canada), Public	Cloud based legal enterprise management and data services for businesses	-	Owl Capital Group, MidOcean Partners & 5 others	79/100
2nd	Watershed 2019, San Francisco (United States), Series C	Provider of platform for enterprise sustainability programs, measurement, reporting, and action	$185M	Sequoia Capital, Kleiner Perkins & 11 others	73/100
3rd	EcoVadis 2007, Paris (France), Acquired	Provider of supply chain sustainability risk assessment and management platform	$732M	Astorg Partners, BeyondNetZero & 10 others	72/100
4th	Behavox 2014, London (United Kingdom), Series B	Provider of AI-driven platform for regulatory compliance and risk management	$168M	SoftBank Vision Fund, Citi & 30 others	71/100
5th	CoGo 2010, Wellington (New Zealand), Series A	Online platform offering carbon footprint solutions	$34.3M	Soul Capital, New Zealand Growth Capital Partners ... & 14 others	69/100
6th	OnFinance AI 2023, Bengaluru (India), Seed	Developer of artificial intelligence agents for automated regulatory compliance management	$5.25M	Haystack, Indian Angel Network & 72 others	67/100
7th	FiscalNote 2013, Washington, DC (United States), Public	Provider of policy tracking, digital advocacy, and government relations software	$188M	Visionnaire Ventures, Runway Growth Capital ... & 64 others	65/100
8th	Manifest Climate 2015, Toronto (Canada), Series A	Provider of AI-powered sustainability intelligence platform for investors and corporations	$29.2M	Golden Ventures, BDC & 12 others	65/100
9th	Plan A 2017, Berlin (Germany), Acquired	Provider of carbon accounting, decarbonisation, and corporate social responsibility reporting software	$40M	Demeter, Keen Venture Partners & 11 others	65/100
10th	Secureframe 2020, San Francisco (United States), Series B	Cloud-based compliance management solution provider	$79M	Kleiner Perkins, Base10 Partners & 38 others	64/100
43rd	StepChange 2022, Bengaluru (India), Seed	Carbon, ESG, and climate risk management platform	$5.55M	Global Founders Capital, Saison Capital & 14 others	58/100