CSR Lifecycle Management Platform Goodera Bags $5.5M in Series A Round of Funding
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.
Goodera has raised its Series A round of funding of $5.5 million (Rs. 35 crore) 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.
The Startup plans to utilize freshly infused funds in strengthening their technology, deepening domain expertise and supporting customer acquisition and experience.
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.
The duo are 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.
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.
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.
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