Iora Ecological Solutions  Raises Rs 8.5 Cr Funding From Caspian Debt

Iora Ecological Solutions (IORA), an enterprise focused on Nature-based Solutions (NbS) for climate action and ecosystem conservation, has raised Rs 8.5 crore (around $1 million) in debt funding from Caspian Impact Investments (Caspian Debt). 

The funds will be used to expand the MegCare agroforestry and land restoration program in Meghalaya. The initiative focuses on restoring degraded land, increasing forest cover and improving rural livelihoods through sustainable farming practices.

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Swapan Mehra, Founder and CEO of IORA, said, “This support from Caspian enables us to expand our impact in one of India’s most ecologically rich but vulnerable regions. MegCare is a people-first climate solution that links restoration with income generation through carbon finance.”

Caspian Impact Investments, known for backing mission driven enterprises, sees work of IORA as critical in today’s climate context. “IORA’s approach offers a scalable blueprint for climate adaptation and rural prosperity,” said a spokesperson from Caspian.

About Iora Ecological Solutions

Founded in 2009 by Swapan Mehra, Iora Ecological Solutions (IORA) is an environmental advisory firm specializing in environmental finance, policy, scientific research, and project implementation. Over the past 15 years, it has worked on more than 200 projects worldwide, focusing on conservation, natural resource management and climate action.

Through its MegCare program in Meghalaya, IORA aims to support 80,000 smallholder farmers using a carbon finance model that connects land restoration with sustainable income generation.

The company says its climate, agriculture, forestry, and biodiversity solutions cover 20 million hectares across 27 Indian states, 2 union territories, and regions in Southeast Asia, Africa and South America.