Varaha Raises $8.7M In Series A To Boost Sustainable Agriculture In Asia And Africa

Varaha Raises $8.7M In Series A To Boost Sustainable Agriculture In Asia And Africa - Carbon Herald
Credit: Varaha

Varaha – one of India’s largest regenerative agriculture and carbon removal project developers, specializing in generating carbon credits from nature, is advancing operations and reach with its latest announcement. The company has raised $8.7 million in Series A funding round led by RTP Global with contributions from Omnivore and Orios, both returning investors.

The funds will further enhance Varaha’s tech and science capabilities and expand operations to new geographies in Asia and Sub-Saharan Africa, to meet the growing demand of high-quality carbon credits from nature-based projects. The round was also supported by AgFunder and Octave Wellbeing Economy Fund, the investment arm of IMC Pan Asia Alliance Group. The series A also mark an inaugural investment in an Indian startup by Norinchukin Bank, one of Japan’s largest institutional investors. 

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The investors’ interest is founded by Varaha’s favorable position to contribute significantly to the growth of carbon markets driving emissions reductions and removals. 

“Today’s funding is a testament to our commitment to drive impactful change. With the support of our investors, we’re poised to roll up our sleeves and accelerate our efforts, empower smallholders, integrate cutting-edge technology, and foster sustainable practices. Varaha isn’t just a company; we’re a catalyst for change, and this funding catapults us towards a greener, more equitable future,” said Madhur Jain, Co-Founder and CEO of Varaha.

Varaha is a company founded in 2022 by Madhur Jain (Co-Founder and CEO), Ankita Garg (Co-Founder and COO), and Vishal Kuchanur (Co-Founder and CTO), a team of experts in agricultural engineering, biotech and software. It works with smallholder farmers and partners to help them implement sustainable agriculture practices that reduce and remove emissions from the atmosphere. 

The projects it is focused on are regenerative agriculture, agroforestry, and biochar carbon removal. The company also plans to roll out a fourth category – enhanced rock weathering projects in the future. Varaha aims to position itself as a one-stop destination for leading global companies striving to achieve net-zero through its diversified portfolio offerings of science-backed carbon credits.

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So far, the company has sold more than 230,000 carbon credits with customers including some of the largest marketplaces in the world like Klimate, Good Carbon, Carbon Future, as well as financial institutions and tech companies across the UK and US.

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