Debt Debt financing
Environmental advisory co. Iora raises Rs 8.5 Cr from Caspian
Source IORA (opens in a new tab)Entrackr (opens in a new tab)
New Delhi-based environmental advisory firm Iora Ecological Solutions (IORA) has raised INR 8.5 crore (USD 1 million) from Caspian Impact Investments (Caspian Debt).The fresh funding will be used by the company for scaling up its MegCare agro-forestry and land restoration program in Meghalaya, which aims to restore degraded landscapes, improve forest cover, and enhance rural livelihoods.Founded in 2009 by Swapan Mehra, IORA develops nature-based solutions for climate action. The company claims to have implemented 150+ projects in the last 12 years across conservation and management of natural ecosystems, and climate change mitigation and adaptation.