Carbon credit tech startup Varaha raises $4 million in funding led by Orios, Omnivore
- ByStartupStory | December 10, 2022
Climate tech Start up Varaha in its initial seed fundraising round secured $4 million. The round was led by Orios Venture Partners , which also included Omnivore, RTP Global, Better Capital, and other angel investors like Kunal Shah. The startup, based in Gurugram and Bengaluru, creates high-quality carbon credits to assist farmers in adopting regenerative agriculture by increasing their income and lowering their operating costs. Varaha is currently operating in six Indian states and has signed Memorandums of Understanding with a variety of organizations.
“Varaha’s tech model generates fully detectable, carbon-based subsidises from environment solutions.” “The sale of these types of offsets will catalyse climate-friendly activities, increase the income of small and marginal rural farmers and communities, and increase biodiversity,” said co-founder Madhur Jain.
“With the undoubted impact of climate change, purchasing emissions reductions to offset pollution will eventually become a requirement for all business companies,” said Anup Jain, managing partner at Orios Venture Partners. Varaha, a startup company that focuses on all three, brings climate, nature, and technology together. It is headquartered in Gurugram and Bengaluru.
It was established in 2022 by Madhur Jain, Ankita Garg, and Vishal Kuchanur. The company combines cutting-edge technology such as remote sensing and blockchain, as well as scientifically based models and tools.
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