Varaha

Varaha

Provider of saas based carbon removal and sustainable agriculture solutions

Founded

2022

Headquarters

Gurugram

Status

Series B

Company Details

Website

Socials

Email

Phone

+91 - 8011303269

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.

Core Products and Services

  • 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

Business Model and Revenue Streams

  • 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

Key People

Madhur Jain

Ankita Garg

Vishal Kuchanur

Puttaswamy Gowda M

Key Metrics

Total Equity Funding

$42.7Million

No. of Funding Rounds

3

Latest Funding Round

$30Million, Series B

as of November 13, 2025

Post Money Valuation

$46.3Million

as of February 2, 2024

Funding Multiple

-

as of N/A

Investors

Orios Venture Partners

and 2 more

Employee Count

258

Similar Companies

Alt Carbon

Exit Details

No Exits

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
November 13, 2025Series B$30Million---Mirova
January 11, 2024Series A$8.7Million$43.3Million$595K- RTP Global, Omnivore, Orios Venture Partners, AgFunder, Octave Well-Being Economy Fund
May 4, 2022Seed$4Million$16.4Million--Orios Venture Partners, Omnivore, RTP Global, Better Capital, Theia Ventures, QED Innovation Labs

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