Private Equity

VC Fund Investments

Climate-tech startup Varaha raises $8.7 M led by RTP Global

Economic Times  

Varaha, a Gurugram-based startup which aims to offset greenhouse gas emissions, has raised USD 8.7 million as a part of its latest funding round led by early-stage venture capital firm RTP Global. The round also saw participation from existing investors Omnivore Partners and Orios Venture Partners. Japanese cooperative bank, Norinchukin Bank also participated in the round.The Climate-tech startup plans to use the new funds to strengthen its technology function, increase team strength and grow its supply chain. The firm also plans to use the funds to enter East Africa and Southeast Asia over the next 18 months.Founded in 2022 by Madhur Jain, Ankita Garg and Vishal Kuchanur, Varaha works with intermediaries and on-ground partners and NGOs to help reduce carbon emissions in farming practices, while helping large corporations gain carbon credits or carbon offsets in return.