TapFin, a Mumbai-based sustainability platform, has raised $4 million in seed funding led by Elevar Equity to enhance its growth and technological capabilities.

Information on the Target

TapFin is a sustainability platform founded in 2023, focusing on delivering a comprehensive range of services, including financing and insurance, to startups and micro, small, and medium enterprises (MSMEs) engaged in the sustainability sector. The company, established by Terniza Berry, Aditya Singh, and Pramod Marar, aims to foster an interconnected ecosystem for businesses in the sustainability space, facilitating essential services such as demand aggregation and market linkages.

Currently, TapFin is concentrated on the clean mobility sector, with aspirations to diversify its offerings into other renewable energy sectors, such as solar energy. With its headquarters in Mumbai, the company has also established a presence in major metropolitan areas like Delhi NCR and Bangalore, planning to extend its outreach into tier 2 and tier 3 cities across India with the capital acquired from its latest funding round.

Industry Overview in India

India's sustainability sector has seen remarkable growth in recent years, driven by increasing governmental support, rising awareness of climate issues, and a growing market for clean and renewable technologies. The Indian government has implemented sev