Goodera raises Rs 80Cr ($10M) to bring employee volunteering to workplaces around the world
Goodera, the leading employee volunteering platform, announced a Rs80 Crore ($10M) funding round to make employee volunteering accessible to every workplace. Investors in the round include Zoom Ventures, Elevation Capital,Xto10X Technologies, Nexus Venture Partners, Omidyar Network India, Ursula Burns, and Binny Bansal among others. As organisations look to create a deeper social footprint, Goodera is becoming a favourite for combining social impact and employee engagement.
Through Goodera, enterprises can provide on-demand, impactful and engaging volunteering experiences to employees worldwide. Some volunteering experiences include – reviewing resumes of underprivileged youth, assembling solar lamps for the homeless, tree plantation, and beach and park clean-ups, amongst others.
"Every team in the world wants to volunteer, but there is insane friction in the process. From finding the right nonprofit to finalizing the volunteering activity, logistics, and impact measurement, there are a lot of overheads. We simplify volunteering and eliminate these overheads. 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,” said Abhishek Humbad, Founder and CEO of Goodera.
Goodera's platform has also seen adoption by companies in novel ways as the perfect combination of social impact and employee engagement. These use cases include volunteering as a new employee onboarding activity, to celebrate holidays, as an agenda in town halls, and even as leadership and team-building exercises.
Goodera currently executes virtual, hybrid, and in-person volunteering experiences for employees in 100+ countries and 20+ languages across multiple cause areas like access to education, climate change, diversity and inclusion, etc. benefitting 50k+ nonprofits. It has grown into the market leader with over 400 customers like IBM, Target, EY, Amazon, and other leading brands, including 60 from Fortune 500.
“Goodera’s journey to becoming a global business is truly inspiring. With a strong team and a clear mission, Goodera is poised to rapidly scale in a market ready for disruption. We are excited to partner with them”, said Binny Bansal on his investment in Goodera.
Ravi Adusumalli from Elevation Capital said, “Goodera’s growth in the last 2 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.”
Prior to their ambition of building the Airbnb of employee volunteering, Goodera built a platform for India Inc to manage CSR investments and assess social impact. In a transaction that happened parallel to Goodera’s fundraise, they sold the India CSR platform business to Give. The move will allow Goodera to focus on the explosive global growth of their volunteering platform.
As of today, Goodera’s platform provides access to 10M+ employees through their customers, and they aim to reach 100M+ employees by 2025. Goodera will invest the funds to scale its team, technology, and catalogue.
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