CSR and Sustainability Management technology platform, Goodera has raised its Series A round of funding of $5.5 million from Nexus Venture Partners and Omidyar Network. Varsha Rao, previously Head of Global Operations at Airbnb also participated in this round along with other prominent angels. Apart from funding, Naren Gupta, co-founder and MD, Nexus Venture Partners has joined the Goodera board.

Startup plans to utilise freshly infused funds in strengthening their technology, deepening domain expertise and supporting customer acquisition and experience.

Commenting on the development, Naren Gupta, Co-founder and MD, Nexus Venture Partners said, “As billions of dollars flow annually through the global ecosystem of social and community good, an innovative technology platform like Goodera enables corporates to measure and optimize their CSR and sustainability goals in a simple, transparent, and engaging manner. We are thrilled to work with the Goodera team to leverage the company traction in India and the US to a broader group".

Co-headquartered in Bangalore and Menlo Park, Goodera is a CSR Lifecycle Management platform embedded with domain expertise, providing corporates automation and intelligence across monitoring and evaluation, impact measurement, grant making, reporting and employee volunteering. Founded in 2014 by Abhishek Humbad and Richa Bajpai, the platform helps solve the critical need for corporates and non-­‐profits to have last mile visibility of progress and impact measurement of their CSR projects.

The duo was a part of Forbes 30 under 30 Asia and India. Humbad did his engineering from BITS-Pilani and MBA from IIM Bengaluru whereas Bajpai did her engineering from Rajasthan University and dropped out of Indian School of Business (ISB) in the 3rd Term to build Goodera. The team at Goodera comprises of the brightest brains from the best of universities across the world, that comes with an experience in both technology and development sector.

“Goodera is creating business and social value at the scale at the global stage using best in class technology and solving big problems for the CSR ecosystem,” said Abhishek Humbad, Founder and Co-­CEO, Goodera.

Startup further enables effective governance in deciding and managing CSR projects, provide insights through dashboards for different stakeholders and data-driven stories of change for powerful communication. Additionally, Goodera enables companies to involve employees in volunteering at scale in an engaging manner while taking away the friction of sourcing volunteering opportunities, coordination and management of activities.

"Goodera empowers every stakeholder in the ecosystem including corporates, foundations, employees, government and NGOs. With the vision to power the world of good, Goodera is our new brand identity (we were previously known as NextGen), which resonates with our objective to become a trusted and a reliable partner for every corporate in the world," said Richa Bajpai, Founder and Co-­CEO, Goodera.

The company claims that more than 150 large enterprises including 24 in Global Fortune 500 have adopted Goodera to effectively measure, manage and report their CSR projects across more than 30 countries. It further boost that 10% of corporate India’s total CSR spend is managed on Goodera. 200,000 employees globally volunteer using Goodera.

Post a Comment

Previous Post Next Post
Like this content? Sign up for our daily newsletter to get latest updates.