2022
Gurugram
Series B
Varaha is a climate technology company specializing in generating high-integrity carbon credits through nature-based solutions, focusing on empowering smallholder farmers in developing economies.
High-integrity carbon credits generated from regenerative agriculture, afforestation, biochar production, and enhanced rock weathering projects
AI-powered Measurement, Reporting, and Verification platform integrating remote sensing, machine learning, and scientific research to quantify carbon sequestration and emission reductions
End-to-end carbon project development services including project design, implementation, monitoring, and verification
Digital platform for real-time monitoring, reporting, and verification of climate and social outcomes
Support programs for smallholder farmers to adopt sustainable and regenerative farming practices that reduce greenhouse gas emissions and improve soil health
Generates revenue primarily from selling carbon credits to corporations and global buyers seeking to offset their carbon footprint and meet net-zero targets
Operates on a revenue-sharing model where farmers receive 60-65% of carbon credit sales value, Varaha retains 20-25%, and local partners receive 10-15%
Secures project-level investments from sustainable asset managers in exchange for future carbon credits, providing upfront capital for project implementation
Targets large corporations across technology, aviation, telecom, consulting, and commodities sectors primarily in Europe, the U.S., and the U.K.
Works through a network of over 100 local partners and NGOs across India, Nepal, Bangladesh, and Kenya for effective on-ground project execution
Plans to scale to generate 1.2 million carbon credits by FY25 and 2.8 million by FY26, significantly increasing revenue potential
$42.7Million
3
$30Million, Series B
as of November 13, 2025
$46.3Million
as of February 2, 2024
-
as of N/A
Orios Venture Partners
and 2 more258
Alt Carbon
No Exits
| Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
|---|---|---|---|---|---|---|
| November 13, 2025 | Series B | $30Million | - | - | - | Mirova |
| January 11, 2024 | Series A | $8.7Million | $43.3Million | $595K | - | RTP Global, Omnivore, Orios Venture Partners, AgFunder, Octave Well-Being Economy Fund |
| May 4, 2022 | Seed | $4Million | $16.4Million | - | - | Orios Venture Partners, Omnivore, RTP Global, Better Capital, Theia Ventures, QED Innovation Labs |