Funding · Climate, Energy & Sustainability

Varaha raises $20 Mn in Series B led by WestBridge Capital

By Startup Enthusiast · 4 February 2026

Date: 4 February 2026
Company: Varaha
What it does: carbon credits and regenerative agriculture
Kind: Funding
Amount: $45M Series B (first close $20M)
Stage: Series B
Founded: 2022
Sector: Climate, Energy & Sustainability

What they do

Varaha is a climate tech startup that helps businesses decarbonise by generating high-quality carbon credits through regenerative agriculture and agroforestry

What happened

The startup raised $20 million in the first tranche of its $45 million Series B round, led by WestBridge Capital with participation from RTP Global and…

Why it matters

The funding will be used to expand Varaha's global footprint, strengthen its measurement, reporting and verification (MRV) systems, and scale a new…

The details

Varaha, a climate tech startup, raised $20 million in the first tranche of its $45 million Series B round.
The round was led by WestBridge Capital, with participation from RTP Global and Omnivore Ventures.
Varaha plans to use the funds to expand its global footprint and strengthen its measurement, reporting and verification (MRV) systems.
The company will also scale a new industrial partnership model focused on biochar-based carbon removal.
Varaha was founded in 2022 by Madhur Jain, Ankita Garg, and Vishal Kuchanur.

The bigger picture

The funding comes after a gap of two years since Varaha raised its $8.7 million Series A round in February 2024.
The company operates over 20 carbon dioxide removal projects across India, Nepal, Bangladesh, Bhutan, and the Ivory Coast.
Varaha generates high-quality carbon credits by enabling smallholder farmers to follow regenerative agriculture and agroforestry practices.
The startup has launched the Varaha Industrial Partners Program (VIPP) to help industrial operators decarbonise through a partnership model.

About the business

Varaha is a climate tech startup that helps businesses decarbonise by generating high-quality carbon credits through regenerative agriculture and agroforestry.
The company operates over 20 carbon dioxide removal projects across India, Nepal, Bangladesh, Bhutan, and the Ivory Coast.
Varaha works with smallholder farmers to implement regenerative agriculture and agroforestry practices that generate carbon credits.
The startup's carbon credits are used by businesses to offset their greenhouse emissions.
Varaha has launched the Varaha Industrial Partners Program (VIPP) to help industrial operators decarbonise through a partnership model focused on biochar-based carbon removal.

What happens next

Varaha plans to use the fresh proceeds to expand its global footprint and strengthen its scientific and measurement, reporting and verification (MRV) capabilities.
The company will also scale a new industrial partnership model focused on biochar-based carbon removal.

The deal

Type: funding

Investors

WestBridge Capital (lead) — WestBridge Capital is a venture capital firm that led Varaha's $20 million Series B round.
RTP Global (existing) — RTP Global is an existing investor in Varaha and participated in its Series B round.
Omnivore Ventures (existing) — Omnivore Ventures is an existing investor in Varaha and participated in its Series B round.

Founders

Madhur Jain, co-founder
Ankita Garg, co-founder
Vishal Kuchanur, co-founder

About Varaha

Product: Carbon dioxide removal projects using biochar, afforestation, regenerative agriculture, and enhanced rock weathering.
Customers: Corporates seeking carbon offsets and carbon removal credits.
How it makes money: Sells carbon removal credits generated from its projects to businesses.
What sets it apart: Focus on high-integrity carbon removal with community co-benefits in the Global South.

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