Showing posts with label Varaha. Show all posts
Showing posts with label Varaha. Show all posts

Varaha Raises $45M to Expand High-Integrity Carbon Removal Projects Worldwide

Varaha Raises $45M to Expand High-Integrity Carbon Removal Projects Worldwide
  • The new program (VIPP) invites industrial partners worldwide to join Varaha’s carbon removal platform
Varaha, Asia’s largest developer of high-integrity carbon removal projects, today announced its Series B financing round of ~$45M, and close of the initial tranche of $20M, led by WestBridge Capital.

The new capital will accelerate Varaha’s geographic expansion, strengthen its scientific and MRV capabilities, and scale a new industrial partnership model that extends its capabilities to partners worldwide.

Founded in India, Varaha develops carbon removal projects across four pathways: Biochar, Afforestation, Reforestation and Revegetation (ARR); Regenerative Agriculture, and Enhanced Rock Weathering (ERW).

The company has built strong commercial traction, executing long-term carbon offtake agreements with U.S. technology leaders Google and Microsoft, as well as a major U.S.-based aviation company. Varaha has also delivered one of the highest volumes of durable carbon removal credits of any project developer globally as on date.

This investment marks WestBridge Capital’s first climate tech investment.

Varaha Raises $45M to Expand High-Integrity Carbon Removal Projects Worldwide
Varaha Founders

Speaking on the investment Sandeep Singhal, Co-founder and Managing Partner, WestBridge Capital said, “Varaha has built what very few companies globally have: deep scientific credibility in a nascent industry alongside a commercially viable business model. We believe Varaha is uniquely positioned to build a global carbon-removal platform from India, combining integrity, scale, and impact. This investment reflects our conviction in the team and their potential to shape the next phase of climate infrastructure worldwide.”

As part of its next phase of growth, Varaha is launching the Varaha Industrial Partners Program (VIPP), a biochar-focused partnership model for industrial operators globally. Through VIPP, partners with gasification capabilities and access to sustainable biomass can leverage Varaha’s expertise in digital Measurement, Reporting & Verification (MRV) and carbon credit origination. Varaha trains partner staff, installs sensors, implements its MRV system, and brings the resulting credits to market, either as offsets or as insetting credits for their partner’s own decarbonization goals.

Speaking on the recent funding and launch of VIPP, Madhur Jain, CEO and Co-Founder of Varaha said, “This round reflects the continued confidence of investors and customers in Varaha’s science-led carbon removal solutions and our ability to scale them globally. Climate solutions only matter if they scale with integrity. With VIPP, we’re opening our platform to industrial partners worldwide. If you have biomass and gasification capabilities, we can help you generate verified carbon removal credits. We invite operators globally to join us in scaling climate impact.”

The VIPP is already operational with a project with a large cashew company in West Africa, multiple agribusiness partners in India, and a major Indian steel company with decarbonization goals.

RTP Global, which led Varaha’s Series A, has also joined the round with a super pro-rata investment. Galina Chifina, CEO & Partner at RTP Global added, "From the very first meeting, Madhur’s vision and the Varaha team’s dedication to execution stood out. It’s rare to see business potential and real impact come so naturally aligned — and it’s a privilege for us to support Varaha at every step of this journey. We genuinely believe this team has what it takes to build a game-changing climate solution, and we’re proud to be part of that story"

The round also saw participation from Omnivore who were among the early-stage investors in Varaha. Mark Kahn, Managing Partner at Omnivore, added, “Our decision to double down reflects strong confidence in the team’s long-term vision and their potential to build a leading global carbon removal company. The strength of this fundraise, along with long-term offtake agreements with companies like Google and Microsoft, reinforces Varaha’s credibility and the momentum behind its trajectory

About Varaha

Varaha is Asia’s largest developer of carbon dioxide removal (CDR) projects, with a mission of scaling smallholder farmer-led climate solutions to remove carbon from the atmosphere and strengthen rural livelihoods. Specializing in regenerative agriculture, agroforestry, biochar, and enhanced rock weathering projects across South Asia, Varaha has pioneered a technology- and science-driven approach to carbon project development since its founding in 2022. Varaha is headquartered in Gurgaon, India, and operates over 20 carbon projects across India, Nepal, Bangladesh, Bhutan, and the Ivory Coast.

About WestBridge Capital

WestBridge Capital is a global investment firm with over $7 billion in assets under management and has offices in Bangalore, Silicon Valley and Mauritius. Over the last 25 years, WestBridge has partnered with transformative entrepreneurs at every stage across both private and public markets, with a significant nexus to India. WestBridge has a long-standing track record of leading investments and advising companies as their largest institutional partner. Some notable investments in India include Rapido, Meesho, Physics Wallah, Star Health and IndiGo Airlines. For the full portfolio and more information, visit www.westbridgecap.com.

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