The funding will drive global expansion, platform development, and sectoral intelligence enhancement, serving industrial businesses in India, the Middle East, Southeast Asia, and beyond, the statement added. The Bengaluru-based startup helps clients monitor its scope 3, which is supplier-related emissions, and manage it efficiently.
“By 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.
Choudhry cofounded the company with Vikas Upadhyay. The two were formerly junior partners at global management consulting firm McKinsey.
“This seed funding will accelerate our efforts to provide cutting-edge solutions, sectoral intelligence that help businesses seamlessly track supplier emissions, enhance green sourcing, and optimise their environmental impact” Upadhyay, COO, Sentra.world, said.
Sentra.world looks to help industrial companies manage greenhouse gas emissions of their own operations, of their suppliers and at the holding company level through its products sentra.calculus, sentra.network and sentra.portfolio respectively. The Sentra.network product also provides a green rating to suppliers, giving them a new value proposition and enabling procurement functions of buyers to find the right suppliers for their needs.
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Industrial sectors such as utilities, steel, cement, aluminum, and chemicals play a significant role, accounting for approximately 38% of global emissions and 62% of emissions in India, as per McKinsey’s Global Energy Perspective, 2022 & Decarbonising India, 2022 report.
