India, Nov. 10 -- AI-enabled ESG risk management platform GreenFi has raised $2 Mn (INR 17.7 Cr) in a seed funding round led by Transition VC, with participation from undisclosed angel investors.

The Singapore-headquartered startup said it will deploy the fresh funds to scale its global distribution network, enhance AI product capabilities, and expand operations across California, Europe, Southeast Asia and the Middle East.

Founded in 2023 by Barun Chandran, GreenFi provides a SaaS-based AI platform that enables financial institutions and corporates to identify, monitor and manage environmental, social and governance (ESG) risks, opportunities and compliance obligations.

The platform aggregates ESG-related data from multiple sources - ...