GreenStitch
Overview
GreenStitch is an innovative climate technology startup that provides sustainability-focused software solutions tailored for the fashion and textile industry. Based in Bengaluru and founded by Narendra Makwana and Arpit Samdani in 2023, GreenStitch utilizes artificial intelligence (AI) and machine learning (ML) to assist companies in carbon footprint reduction and effective environmental management. As of January 2025, the company has successfully secured $1.2 million in seed funding, supported by investors including Equirus InnovateX Fund, Ivycap Ventures, Warmup Ventures, and Zeca Ventures.
Recent Developments
- January 2025: GreenStitch announced a significant funding milestone by raising $1.2 million in seed funding led by Equirus InnovateX Fund. This investment round saw participation from Ivycap Ventures, Warmup Ventures, Zeca Ventures, and notable angel investors, including the founders of startups like Clovia and NoBroker. The funding will be utilized to expand the team, strengthen product offerings, and enhance the company’s competitive stance in markets like Bangladesh, Vietnam, and the EU.
- July 2024: The company set ambitious goals to manage one billion tonnes of carbon emissions by 2030, reflecting a robust commitment to mitigate climate impact within the textile and fashion industries across Southeast Asia.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2023 |
| Headquarters | Bengaluru, India |
| Founders | Narendra Makwana, Arpit Samdani |
| Revenue | Not publicly disclosed |
| Profits | Not publicly disclosed |
| Key Investors | Equirus InnovateX Fund, Ivycap Ventures, Warmup Ventures, Zeca Ventures |
| Industry | Climate Tech, Sustainability, Fashion & Textiles |
| Number of Employees | 11-50 |
Early History
Founded in 2023 by long-time collaborators Narendra Makwana and Arpit Samdani, GreenStitch emerged with a vision to revolutionize the environmental footprint of the fashion and textile industries. The inception of this SaaS platform was propelled by an increasing demand for sustainable practices and the significant challenge companies face in complying with new climate regulations. Establishing their headquarters in Bengaluru, the founders successfully leveraged their expertise to design tools and solutions that streamline carbon accounting, emissions tracking, and ESG reporting, enabling actionable insights and proactive measures towards supply chain decarbonization.
Company Profile and Achievements
GreenStitch’s business model focuses on providing a comprehensive suite of tools that integrate seamlessly with existing enterprise ERP and PLM systems, thus allowing for streamlined data consolidation across multiple supply chain tiers. Key achievements include:
- Automated Carbon Management: Offering audit-grade accuracy in carbon accounting and reporting through an integrated database and up-to-date methodologies.
- SaaS Platform Evolution: Spearheading the development of their centralized climate data platform specifically tailored to the fashion sector.
- Strategic Partnerships: Engaging with over 20 international clients and laying plans to increase clientele to over 100 by the end of the fiscal year 2025.
- Recognition: Winning the Sustainable Start-up of the Year award at SustainableNXT 2024.
Current Operations and Market Position
GreenStitch continues to operate as a significant player in the climate tech domain, focusing on supplying sustainability solutions that handle complex carbon footprint management and ESG compliance required by emerging global standards. The SaaS platform hosts tools crucial for evaluating Scope 3 emissions, predictive modeling, and integrating real-time data analytics to guide sustainable decision-making processes. This function not only aids companies in meeting immediate regulatory demands but also forms the backbone of a proactive strategy towards achieving Net Zero targets.
Conclusion
GreenStitch’s commitment to sustainability within the fashion and textile industry positions it as a key player in the ongoing climate crisis mitigation efforts. With its forward-thinking approach to technology integration and environmental impact management, GreenStitch is poised for substantial growth as global markets shift toward demanding sustainable practices. The company's recent funding success and strategic plans to expand its footprint across key Asian and European markets suggest a promising trajectory towards achieving its long-term environmental objectives.