Onlygood.ai, a platform designed to simplify carbon management and sustainability reporting, has successfully raised Rs 4 crore (~$500,000) in seed funding. This significant round was co-led by IIT Madras Incubation Cell (IITMIC), Goel Group, and Daimler India Commercial Vehicles (DICV), which now holds a 1.5% equity stake in the company.
🌍 Expanding Horizons: From India to Europe
The fresh funds will fuel Onlygood.ai’s expansion plans across:
- India 🇮🇳 and the Middle East 🌍 in the short term.
- Entry into the European market in 2024.
The focus is on enhancing the team, upgrading product features, and strengthening the platform’s technological infrastructure.
💼 Founded to Combat Carbon Emissions
Onlygood.ai, founded in 2022 by Rajeev Sinha and Vivek Mehra, is addressing the global carbon emissions crisis with cutting-edge solutions. The platform enables businesses to:
- Measure 🌱 and track their carbon footprints.
- Reduce emissions efficiently.
- Make informed decisions on sustainability practices.
🛠 Key Offerings
Some of the flagship products include:
- Decarb Navigator 📊: A tool designed to help companies monitor and reduce emissions.
- Decarb X-celerator ⚡: A strategic platform that guides companies through their decarbonization journeys.
🤝 Industry Partnerships & Recognition
Since its beta launch in 2022, Onlygood.ai has established partnerships with notable industry giants like:
- Maruti-Suzuki
- Daimler India Commercial Vehicles (DICV)
These collaborations have strengthened its position as a leader in sustainability and compliance. The platform facilitates compliance reporting for frameworks such as:
🔗 Real-Time Supply Chain Solutions
Operating from Gurugram, Onlygood.ai is pushing boundaries by providing real-time product traceability across supply chain touchpoints. With partners like Blue Ocean Steel and Envex, Onlygood.ai delivers comprehensive sustainability solutions.
