CleanTech startup to incentivize agriculture through carbon credits

Varaha, a cleantech startup, is in combat mode to reverse climate change. It reckons that globally, over 500 million smallholder farmers are affected by climate change. Currently, there is no financial incentive for smallholder farmers to adopt agricultural practices that reduce greenhouse gas (GHG) emissions and improve carbon sequestration.

Varaha is incentivising smallholder farmers to follow regenerative agriculture practices by creating high-quality carbon credits that augment their income while also reducing their operating costs. In other words, this cleantech startup is fueling nature-based climate innovations to bend the arc of emissions towards netzero. The startup uses new tech to measure oil’s carbon storage potential.

Recently, Varaha raised $4 million in seed funding, led by Orios Venture Partners, alongside participation from Omnivore, RTP Global, Better Capital, and other angel investors, including Kunal Shah.

Based out of Gurugram and Bengaluru, Varaha was founded in 2022 by Madhur Jain, Ankita Garg, and Vishal Kuchanur. It is currently working across six Indian states and has signed MoUs with several institutions. More specifically, this tech-enabled carbon credits startup is modernising carbon markets with diverse climate action projects.