Varaha, a leading global climate tech startup that specializes in nature-based solutions has secured $8.7 Million in Series A Funding round led by RTP Global, a global, early-stage venture capital firm.
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Other investors included Omnivore, Orios Venture Partners, Japan’s largest institutional investor, Norinchukin Bank, AgFunder, and Octave Wellbeing Economy Fund also participated in the funding round.
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The Varaha intends to improve its research and technology department, boost team cohesion, and expand its supply chain using funding.
“With nearly 24 per cent of global greenhouse gas emissions stemming from the agricultural sector, Varaha’s mission to sequester and reduce carbon emissions is more critical than ever,” said Madhur Jain, Co-Founder and CEO of Varaha. “Today’s funding is a testament to our commitment to drive impactful change. With the support of our investors, we’re poised to roll up our sleeves and accelerate our efforts, empower smallholders, integrate cutting-edge technology, and foster sustainable practices. Varaha isn’t just a company; we’re a catalyst for change, and this funding catapults us towards a greener, more equitable future.”
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Galina Chifina, Partner on RTP Global’s Asia investment team said, “We are thrilled to be part of Varaha’s journey towards creating scalable solutions for climate resilience. The visionary and unique approach of Madhur and his team to generating carbon credits through nature-based solutions has the potential to become a game-changer for the industry! It’s been a privilege to support them early in their journey of building a truly impactful company that is poised to make a significant difference on our planet”.
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About Varaha
Founded by Madhur Jain, Ankita Garg and Vishal Kuchanur in 2022, Varaha is a leading global climate tech startup that specializes in nature-based solutions, including regenerative agriculture, agroforestry, and biochar projects that promote climate adaptation, biodiversity, water conservation and increased income for smallholder land stewards. The company’s mission is to provide agriculture as a solution to climate change while also helping farmers in increasing their income.
