Top News

India-founded climate technology company Varaha has raised approximately $45 million in its Series B funding round, marking a significant milestone in its mission to scale high-integrity carbon removal solutions globally. The company has already closed the initial tranche of $20 million, led by WestBridge Capital, with participation from existing investors RTP Global and Omnivore. The fresh capital is expected to strengthen Varaha’s scientific capabilities, accelerate its geographic expansion, and enable the launch of new industrial partnerships.

Credits: Medial App

Strengthening Climate Action Through Science-Led Innovation

Founded with the aim of tackling climate change through measurable and reliable carbon removal, Varaha has built a strong reputation for combining scientific rigor with commercial viability. The company focuses on four key carbon removal pathways — Biochar, Afforestation, Reforestation and Revegetation (ARR), Regenerative Agriculture, and Enhanced Rock Weathering (ERW).

These approaches allow Varaha to remove carbon dioxide directly from the atmosphere while delivering long-term environmental benefits such as improved soil health, increased biodiversity, and enhanced ecosystem resilience. The company’s emphasis on high-integrity carbon removal credits has positioned it as a trusted partner for global corporations seeking reliable decarbonisation solutions.

Strong Commercial Traction With Global Technology Giants

Varaha has already demonstrated significant commercial traction, securing long-term carbon offtake agreements with major global players including Google and Microsoft. Additionally, the company has partnered with a leading U.S.-based aviation company, further reinforcing its credibility in the carbon removal ecosystem.

The startup has also delivered one of the highest volumes of durable carbon removal credits among project developers worldwide. This achievement reflects the growing demand for verifiable, long-lasting carbon removal solutions as businesses across industries intensify their sustainability commitments.

WestBridge Capital’s First Climate Tech Bet

The investment represents WestBridge Capital’s entry into the climate technology sector, highlighting the increasing investor confidence in scalable climate solutions. Sandeep Singhal, Co-founder and Managing Partner at WestBridge Capital, emphasized Varaha’s unique position in the market.

According to Singhal, Varaha has successfully built deep scientific credibility within a nascent industry while simultaneously developing a commercially sustainable business model. He noted that the company is well positioned to create a global carbon removal platform originating from India, combining integrity, scalability, and measurable climate impact.

Launch of Varaha Industrial Partners Program (VIPP)

As part of its next growth phase, Varaha has introduced the Varaha Industrial Partners Program (VIPP), a biochar-focused collaboration model designed to onboard industrial operators worldwide. The initiative aims to leverage existing industrial gasification capabilities and access to sustainable biomass to generate verified carbon removal credits.

Under the program, Varaha provides end-to-end support, including staff training, installation of sensors, deployment of its digital Measurement, Reporting, and Verification (MRV) systems, and access to carbon credit markets. The generated credits can either be sold as carbon offsets or used by partners to achieve their own decarbonisation targets.

CEO and Co-Founder Madhur Jain highlighted that climate solutions must scale responsibly to deliver meaningful impact. He stated that VIPP allows industrial operators globally to participate in verified carbon removal projects, thereby accelerating climate action through collaborative partnerships.

Early Adoption and Global Expansion

The VIPP initiative is already operational across multiple regions. Varaha is currently working with a large cashew processing company in West Africa, several agribusiness partners in India, and a major Indian steel manufacturer pursuing decarbonisation goals. These partnerships demonstrate the program’s adaptability across industries and geographies.

The company’s expansion strategy reflects its ambition to create a global carbon removal network by combining local industrial capabilities with its scientific and technological expertise.

Credits: Medial App

Continued Backing From Existing Investors

RTP Global, which led Varaha’s Series A round, has reinforced its commitment by making a super pro-rata investment in the latest funding round. Galina Chifina, CEO and Partner at RTP Global, praised the company’s strong alignment between business growth and climate impact, describing Varaha as a potential game-changing climate solution provider.

Early investor Omnivore has also doubled down on its investment, citing strong confidence in Varaha’s long-term vision and growing market credibility. Omnivore’s Managing Partner Mark Kahn highlighted that Varaha’s successful fundraising and partnerships with global corporations underline the company’s accelerating momentum.

Driving the Future of Climate Infrastructure

With fresh capital, expanding partnerships, and growing global demand for carbon removal credits, Varaha is positioning itself as a key player in the emerging climate infrastructure ecosystem. As industries worldwide seek scalable and verifiable decarbonisation solutions, the company’s science-led and partnership-driven approach could play a pivotal role in shaping the future of global climate action.