Scaling High-Integrity Climate Solutions: Varaha’s $45 Million Leap into Global Carbon Removal Leadership
What is the news?
Gurugram-based climate tech startup Varaha has reached a major milestone in its mission to restore the Earth, securing a $45 million Series B funding round. Led by WestBridge Capital marking their first-ever bet on the climate sector, the initial $20 million tranche includes strong support from existing investors RTP Global and Omnivore. Founded in 2022 by Madhur Jain, Ankita Garg, and Vishal Kuchanur, Varaha has rapidly ascended to become one of Asia’s largest developers of high-integrity carbon removal projects.
Why is it interesting?
The company’s model is a perfect embodiment of the Global Indian Alpha spirit. By integrating advanced science with on-the-ground execution, Varaha creates a “Natural Capital Asset” business that benefits both the planet and the community. Their portfolio spans four critical pathways: Biochar, Regenerative Agriculture, Agroforestry, and Enhanced Rock Weathering. This multifaceted approach has allowed them to sign significant long-term offtake agreements with technology leaders like Google and Microsoft, who rely on Varaha’s verified credits to meet their ambitious corporate decarbonization goals.
With this fresh capital, Varaha is set to expand its footprint beyond its current operations in South Asia and the Ivory Coast, targeting new markets in Vietnam and Indonesia. Additionally, the launch of the Varaha Industrial Partners Program (VIPP) will allow industrial operators worldwide to leverage Varaha’s digital MRV systems. As the “founders community” looks toward 2026, Varaha stands as a prime example of how Indian-led innovation is building the essential infrastructure for a sustainable global future, proving that India is not just a talent hub, but a leader in global climate knowledge.
Read more: Climate-tech startup Varaha raises $20 Mn in Series B led by WestBridge Capital