RenewCred Closes INR 4.15 Crore Seed Round Led by Campus Angels Network

Climate tech startup RenewCred, has successfully closed its ₹4.15 crore seed funding round, comprising a mix of equity and grants.

The round was led by Campus Angels Network and saw participation from Kairos Early Opportunity Fund, build3 Startup Studio, VentureStudio Ahmedabad University, Ideashacks Investor Network, ACT Capital Foundation, Social Innovation Lab by CITI Bank-IIT Kanpur and Angel Investors.

The proceeds will be used to strengthen its methodologies, scale its Net Zero platform and deliver carbon credits that are trusted by both buyers and regulators.

Read also- GrowthPal Raises $2.6 Million funding led by Ideaspring Capital

Abhimanyu Rathi, Founder & CEO, RenewCred, said, "Carbon markets today suffer from five structural problems: lack of trust, opaque data, slow verification cycles, high costs, and fragmented accountability. RenewCred is being built to solve exactly these failures. By combining rigorous science, a transparent standard, a live registry and a technology platform that monitors every credit end-to-end, we are creating market infrastructure that is faster, more affordable and fundamentally more credible. This round allows us to deepen our methodologies scale Net Zero and deliver carbon credits that buyers and regulators can genuinely trust."

Chandran Krishnan, Managing Director at Campus Angels Network, said, "What stands out for us is RenewCred's clear understanding of the structural gaps in carbon markets and their focus on building credible, technology led infrastructure. They are addressing a real problem with relevance for India's evolving climate and compliance landscape. Through this investment  we are backing a team with strong scientific depth and execution capability."

Ashok Subramanian, Managing Partner at Kairos Early Opportunity Fund, said, "High-quality carbon markets will be built on technology, not paperwork. RenewCred's decision to focus on non-nature-based credits, continuous data, and in-house standards and registry infrastructure positions them well for where global markets are headed. We see strong potential for RenewCred to emerge as a reference platform for credible carbon credits from India."

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Founded in 2024 by Abhimanyu Rathi, Bengaluru-based RenewCred is building technology-driven infrastructure to create high-quality carbon credits. It uses advanced monitoring, reporting, and verification (MRV) supported by IoT, machine learning and blockchain to make carbon markets more transparent, efficientan d accessible—especially for tech-led projects and smaller developers in the Global South.

RenewCred’s Net Zero digital platform allows continuous monitoring and verification of each individual carbon credit, replacing traditional paperwork-heavy systems. The platform is backed by a network of domain experts who help develop sector-specific methods and ensure credits are reliable, measurable, and able to meet global standards.

Going ahead, RenewCred plans to expand beyond nature-based credits, scale its digital MRV and registry platform, grow its science expert network, and onboard more project developers and buyers looking for continuously verified carbon credits. The company also aims to position India as a trusted source of high-integrity, technology-verified carbon credits for global markets.

RenewCred is set to issue its first batch of carbon credits this quarter. Its focus areas include biochar, electric vehicle fleets, renewable energy, methane reduction, clean fuels, and industrial decarbonisation.

Over the next 14 years, the startup aims to help remove 2 gigatons of greenhouse gas emissions. Its platform uses live data, scientific models, and automated checks to cut verification time by 75%, reduce costs by over 50%, and significantly improve transparency and trust.

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