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.
Tags: Agriculture, Carbon Credits, Farmers, Startups, Varaha
Recent Posts
Yara Birkeland Marks Three Years of Pioneering Zero-Emission Maritime Operations
HD Hyundai, Maersk Collaborate on Innovation in Decarbonization and Smart Logistics
First ship to have pioneering sensor installed to measure emissions of particles
Incat Tasmania launches world’s largest battery-electric ship
India to supply 4.12 lakh tonne green hydrogen derivatives to Japan, Singapore
Green hydrogen gets official stamp as India notifies certification scheme
Wärtsilä expands methane slip reduction capabilities by introducing NextDF technology
GS E&C, Amogy, and HD Hyundai Infracore partner with South Korean City Pohang-si