🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Climate-tech startup Varaha raises $8.7 million in funding round led by RTP Global

Economic TimesEconomic Times · 2y ago
Climate-tech startup Varaha raises $8.7 million in funding round led by RTP Global
Medial

Varaha, a climatetech startup that helps offset greenhouse gas emissions, has raised $8.7 million in its latest funding round. Led by RTP Global, the round also saw participation from investors Omnivore, Orios Venture Partners, and Norinchukin Bank. Varaha plans to use the funds to enhance its technology and science capabilities, expand its team, and grow its supply chain. Additionally, the company aims to enter new markets in East Africa and Southeast Asia. Varaha works with farmers and NGOs to reduce carbon emissions in agriculture and assists companies in gaining carbon credits. It has targeted the generation of 230,000 carbon credits this year and plans to expand its presence to six new locations.

Related News

Climate-tech startup Varaha raises $20 Mn in Series B led by WestBridge Capital

EntrackrEntrackr · 17d ago
Climate-tech startup Varaha raises $20 Mn in Series B led by WestBridge Capital
Medial

Climate-tech startup Varaha has raised $20 million in the first tranche of its Series B round led by WestBridge Capital. Existing investors RTP Global and Omnivore also participated. The Series B round is sized at around $45 million. The funding comes after a gap of two years since Varaha raised its $8.7 million Series A round led by RTP Global in February 2024. The proceeds will be used to expand Varaha’s global footprint, strengthen its scientific and measurement, reporting and verification (MRV) systems, and scale a new industrial partnership model focused on biochar-based carbon removal. Co-founded in 2022 by Madhur Jain, Ankita Garg and Vishal Kuchanur, Varaha develops carbon removal projects across biochar, afforestation and reforestation, regenerative agriculture, and enhanced rock weathering. The company operates projects across India and other parts of South Asia and Africa, working closely with local operators and smallholder farmers. Alongside the funding, Varaha has launched the Varaha Industrial Partners Program (VIPP). Through this program, industrial operators with biomass and gasification capabilities can partner with Varaha to generate verified carbon removal credits using its MRV platform and carbon credit origination infrastructure. Varaha has signed long-term carbon offtake agreements with global companies including Google and Microsoft, and has delivered a large volume of durable carbon removal credits to date. The Gurugram-based company currently runs over 20 carbon projects across India, Nepal, Bangladesh, Bhutan, and Ivory Coast.

Varaha helps Indian farmers reduce climate-harming practices like burning crop residue and flooding rice fields | TechCrunch

TechCrunchTechCrunch · 2y ago
Varaha helps Indian farmers reduce climate-harming practices like burning crop residue and flooding rice fields | TechCrunch
Medial

Varaha, an end-to-end developer for carbon credits generated through sustainable farming practices, has raised $8.7 million in a funding round led by RTP Global. The Indian startup works with smallholder farmers across India, Bangladesh, Nepal, and Kenya to help them adopt regenerative farming techniques. Varaha's platform uses remote sensing, machine learning, and scientific research to quantify emission reductions and soil organic carbon sequestration, leading to the creation of nature-based carbon credits. The funding will be used to expand access to carbon credits for farmers and enter new markets in South Asia, Southeast Asia, and East Africa.

Download the medial app to read full posts, comements and news.