Climate- tech startup Varaha has raised $45 million, and close of the initial tranche of $20 million, led by WestBridge Capital.
The carbon removal projects developer said that the freshly raised funds will be deployed for geographic expansion, to strengthen its scientific and MRV capabilities, and scale a new industrial partnership model. The startup has long-term carbon offtake agreements with U.S. technology behemoths Google and Microsoft, as well as a major U.S.-based aviation company.
Varaha develops carbon removal projects across four pathways: Biochar, Afforestation, Reforestation and Revegetation (ARR); Regenerative Agriculture, and Enhanced Rock Weathering (ERW).
RTP Global, which led Varaha’s Series A, has also joined the round with a super pro-rata investment. The round also saw participation from Omnivore who were among the early-stage investors in Varaha.
Founded in 2022, Varaha is headquartered in Gurgaon, India, and operates over 20 carbon projects across India, Nepal, Bangladesh, Bhutan, and the Ivory Coast.
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.
Published on February 4, 2026
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