Varaha has raised $33.0M in total across 3 funding rounds.
Varaha's investors include WestBridge Capital, Omnivore, RTP Global, Philip Ginthoer.
Varaha is a climate technology company founded in 2022 that focuses on developing economies, primarily in Asia and Africa, to generate high-integrity carbon credits through nature-based solutions such as regenerative agriculture, afforestation, biochar production, and enhanced rock weathering. It leverages advanced technologies including remote sensing, blockchain, AI-powered measurement, and scientific research to quantify carbon sequestration and emission reductions. Varaha serves smallholder farmers by enabling sustainable farming practices that improve soil health and reduce greenhouse gas emissions, while also providing a revenue-sharing model where farmers receive a significant portion of carbon credit sales. The company targets large corporations globally that seek to offset their carbon footprints and meet net-zero goals, positioning itself at the intersection of climate, nature, and technology with a mission to use agriculture as a solution to climate change and increase farmers' incomes[1][2][3][4][5][6].
Founded in 2022 in Gurgaon, India, Varaha was established with the conviction that smallholder farmers in developing countries could be a critical leverage point for carbon removal. The founders, drawing on expertise in climate science, technology, and sustainable agriculture, developed an end-to-end platform that supports project design, implementation, monitoring, and verification of carbon projects. Early traction came from securing investments from sustainable asset managers and venture capital firms, enabling upfront capital for project rollout. The company has built a network of over 100 local partners and NGOs across India, Nepal, Bangladesh, and Kenya to execute projects on the ground effectively. Varaha has raised over $12 million in funding and plans to scale its carbon credit generation to 1.2 million credits by FY25 and 2.8 million by FY26, reflecting strong growth momentum[1][2].
Varaha rides the growing global trend of climate action through nature-based solutions and carbon markets, which are gaining momentum as corporations commit to net-zero targets. The timing is critical as developing economies hold vast potential for carbon sequestration but face challenges in technology access and financing. Varaha’s approach addresses these market gaps by empowering smallholder farmers, who represent a large portion of agricultural emissions and carbon capture potential. The company’s use of advanced tech and local partnerships helps overcome barriers in measurement and verification, a key challenge in carbon markets. By enabling scalable, verifiable carbon credits from developing regions, Varaha influences the broader ecosystem by expanding the supply of credible carbon offsets and promoting sustainable agricultural practices globally[1][2][4][6].
Looking ahead, Varaha is poised to scale rapidly, with ambitious targets to increase carbon credit generation significantly by 2026. The company’s growth will likely be shaped by expanding its geographic footprint, deepening technology capabilities, and broadening corporate partnerships. As global demand for high-quality carbon credits intensifies, Varaha’s model of integrating technology with grassroots farmer empowerment positions it well to become a leading player in climate tech. Trends such as increased regulatory focus on carbon markets, advances in AI for environmental monitoring, and growing corporate sustainability commitments will further catalyze Varaha’s impact. Its influence may evolve from a regional innovator to a global standard-bearer for climate-positive agriculture in developing economies, reinforcing agriculture’s role as a key solution to climate change while improving livelihoods.
Varaha has raised $33.0M across 3 funding rounds. Most recently, it raised $20.0M Series B in February 2026.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Feb 3, 2026 | $20.0M Series B | WestBridge Capital | Omnivore, RTP Global |
| Feb 1, 2024 | $9.0M Series A | RTP Global, Philip Ginthoer | |
| Dec 1, 2022 | $4.0M Seed |
