Varaha ClimateAg Secures $8.7 Million in Funding Led by RTP Global. Existing investors Omnivore, Orios Venture Partners also participated

Climate tech startup Varaha ClimateAg has raised $8.7 million in its latest funding round, with RTP Global leading the investment. Existing investors Omnivore, Orios Venture Partners, and the Japanese cooperative bank Norinchukin Bank also participated in the funding round.

Varaha announced that it will deploy the funds to enhance its technology infrastructure, strengthen its team, expand its supply chain, and venture into new geographic markets, mainly focusing on East Africa and the Southeast Asia region over the next 18 months.


Founded in 2022 by Madhur Jain, Ankita Garg, and Vishal Kuchanur, Varaha collaborates with intermediaries, on-ground partners, and NGOs to mitigate carbon emissions in agricultural practices while assisting large corporations in acquiring carbon credits or offsets in return.

Based in Gurugram, the company utilizes technologies such as remote sensing, blockchain, and science-based quantification tools and models to position agriculture as a solution for increasing farmers’ incomes. Varaha works with farmers in Punjab, western UP, Nepal, and Bangladesh to enhance microbial strength, discourage crop residue burning, and improve soil microbial strength through biological interventions.

Varaha has announced that it has secured a contract to produce 230,000 carbon credits within the current calendar year. It aims to increase this to 1.2 million carbon credits by the end of FY25 and 2.8 million carbon credits by FY26.

Other notable startups in the climate tech sector include Carbon Masters, Climes Inc., Ambee, and Achyutha Innovation.