Founded in 2014, Goodera counts 400 enterprises as clients, including Fortune 500 companies such as IBM, Target and Amazon.
It has reported that the funding round saw participation from Zoom Ventures, Elevation Capital, Nexus Venture Partners, Omidyar Network India, Ursula Burns, Flipkart cofounder Binny Bansal, among others. Goodera will use the funding to scale up its infrastructure, shore up its product catalogue and hire more
Employee volunteering startup Goodera has raised Rs. 80 Cr ($10 Mn) in funding from a clutch of investors. The funding round saw participation from Zoom Ventures, Elevation Capital, Xto10X Technologies, Nexus Venture Partners, Omidyar Network India and angel investors, including former Xerox executive Ursula Burns, and Flipkart cofounder Binny Bansal.
Goodera will use the funding to scale up infrastructure and shore up its product catalogue. The startup will also deploy the investment for hiring and to ramp up its technology stack.
As part of a deal that happened parallelly, Goodera also sold its India corporate social responsibility (CSR) platform business to donation platform Give. Goodera said that the sale will allow it to focus on the global growth of its volunteering platform.
“Millions of employees can now volunteer without spending time and effort on volunteer management. We are proud of the social impact we have created for thousands of nonprofits and relish the joy and empathy we bring to millions of employees. This fundraise will help us scale our infrastructure to enable millions of employees to volunteer,” Goodera CEO and founder Abhishek Humbad said.
Echoing the sentiment, Elevation Capital’s Ravi Adusumalli said, “Goodera’s growth in the last two years is the reward that the market gives you to build novel solutions from 0 to 1. Abhishek and the team at Goodera have unmatched expertise in the domain and are building a whole new category with their employee volunteering solutions, and we are excited to continue supporting them with scale.”
