climate-tech startup GreenFi raise $2 million in funding

Kerala-based climate-tech startup GreenFi has raised $2 million in seed funding led by Transition VC and supported by angel investors from Singapore and the Middle East.

Founded in 2023 by Barun Chandran, GreenFi specialises in AI-powered solutions for ESG (Environmental, Social, Governance) risk management and sustainable finance, with a growing presence in India and globally.

GreenFi’s platform uses cloud-based SaaS and AI models—including deep learning, natural language processing, and entity processing—to automate ESG due diligence, reporting, and performance tracking for banks, asset managers, and corporations.

Climate-tech startup GreenFi’s integrated approach empowers sustainability, risk, and compliance teams to focus on strategic decision-making rather than repetitive tasks.

ESG Funds in India

ESG solutions replace manual, error-prone workflows with automated systems that analyse portfolios, transactions, and supply chains, helping organisations stay compliant and improve sustainability intelligence.

This also allows organisations to save time and resources, ensure accuracy, and make disclosures audit-ready.

Businesses can proactively identify and address environmental risks (such as climate change and resource scarcity), social risks (such as labour laws and human rights violations), and supply chain vulnerabilities. This helps avoid costly regulatory fines and reputational damage.

The ESG platform also helps organisations align with globally recognised reporting frameworks (GRI, SASB, BRSR), improve compliance, and connect ESG-compliant businesses to green finance and climate-investing opportunities.

Amid changing economic uncertainties, evolving environmental frameworks, and a focus on sustainable business practices, companies are investing in ESG platforms to position themselves to meet rising demands for transparency, respond adaptively to new regulations, and make informed decisions for sustainable growth and revenue generation.

The ESG software startup GreenFi has been working with corporates and banks across multiple geographies.

The seed investment will help GreenFi scale its global distribution network, deepen its AI product innovations, and expand into markets such as California, Europe, Southeast Asia, and the Middle East.

In India, GreenFi has secured partnerships with government entities, including the Kerala Infrastructure Investment Fund Board (KIIFB) under the Kerala Startup Mission, supporting Kerala’s pioneering state ESG policy.