In an era marked by increasing environmental concerns and a pressing need for sustainability, climate-tech companies are playing a pivotal role in addressing global challenges. Among these trailblazers stands Varaha, a forward-thinking organization specializing in generating carbon credits from nature. Recently, Varaha announced a significant milestone, raising USD 8.7 million (approximately Rs 72 crore) in funding to expand its operations and advance its mission of fostering environmental stewardship.
Founders and Vision:
Founded in 2022 by Madhur Jain (Co-Founder & CEO), Ankita Garg (Co-Founder & COO), and Vishal Kuchanur (Co-Founder & CTO), Varaha embodies a vision of harnessing technology and scientific innovation to combat climate change effectively. The founders recognized the urgent need to address the escalating climate crisis and identified carbon credits as a powerful tool for incentivizing sustainable practices across industries.
Expansion Plans:
With the infusion of USD 8.7 million in Series A funding, led by RTP Global with contributions from Omnivore, Orios, and Norinchukin Bank, Varaha is poised for significant expansion. The company aims to broaden its geographic footprint in Southeast Asia and Sub-Saharan Africa, tapping into new markets where the demand for climate solutions is rapidly growing. Additionally, Varaha plans to bolster its technological infrastructure and scientific capabilities, further enhancing its ability to quantify and validate carbon sequestration efforts.
Innovative Solutions:
At the heart of Varaha’s mission lies its commitment to providing leading global companies with high-quality, science-backed carbon credits. The company’s proprietary Measurement, Reporting, and Verification (MRV) platform leverage cutting-edge technologies such as remote sensing, machine learning, and scientific research to quantify greenhouse gas reductions and sequestration. Varaha’s projects encompass a diverse range of initiatives, including regenerative agriculture, afforestation, and biochar projects, all aimed at mitigating climate change while promoting environmental sustainability.
Environmental Impact:
Varaha’s initiatives extend beyond carbon sequestration, delivering tangible environmental and social benefits to local communities. By enhancing productivity, boosting crop yields, conserving water resources, and fostering biodiversity, Varaha’s projects contribute to climate adaptation and resilience. The organization’s commitment to sustainable development aligns with the broader global agenda of achieving net-zero emissions and fostering a more sustainable future for generations to come.
Global Reach and Collaborations:
With operations spanning across India, Bangladesh, Nepal, and Kenya, Varaha has enrolled over 700,000 acres of land in its carbon credit programs. The company’s strategic partnerships with leading investors, including AgFunder and Octave Wellbeing Economy Fund, reflect a shared commitment to driving positive environmental change through innovative solutions. Varaha’s collaboration with Norinchukin Bank, a prominent Japanese institutional investor, underscores the company’s growing influence and global recognition as a leader in climate-tech innovation.
Conclusion:
As the world grapples with the urgent challenges posed by climate change, Varaha stands at the forefront of sustainable innovation, offering scalable solutions to address the climate crisis. With its recent funding milestone and ambitious expansion plans, Varaha is poised to make significant strides in advancing environmental sustainability, fostering resilience, and creating a more prosperous and resilient planet for future generations. Through its unwavering commitment to technological excellence and environmental stewardship, Varaha continues to inspire positive change and shape a more sustainable future for all.