Varaha - About the company
Varaha is a series B company based in Gurugram (India), founded in 2022 by Madhur Jain, Anil Kumar Jain, Rajni Jain, Ankita Garg and Vishal Kuchanur. It operates as a Developer of carbon removal projects with smallholder farmers. Varaha has raised $34.9M in funding from investors like WestBridge Capital, RTP Global and Orios Venture Partners, with a current valuation of $*****. The company has 89 active competitors, including 19 funded and 2 that have exited. Its top competitors include companies like Windfall Bio, Stiesdal and Carbo Culture.
Company Details
Developer of carbon removal projects with smallholder farmers. It develops and manages regenerative agriculture, afforestation, biochar, and enhanced rock weathering initiatives that remove carbon dioxide from the atmosphere while improving farmer livelihoods and land productivity. It quantifies carbon removal outcomes and supplies verified carbon credits to corporate buyers seeking to meet decarbonization and sustainability goals. The platform connects global carbon credit purchasers with large-scale agricultural carbon removal projects, enabling measurable climate impact and rural economic development.
- Website
- www.varaha.earth/
- Social
- Email ID
- *****@varahaag.com
- Phone Number
- +91 **********
- Registered Address
- 1st Floor, Building No.10, Poorvi Marg, Sector 25, DLF Ph-II, Gurgaon, Dlf Ph-ii, Haryana, India, 122008
Key Metrics
Founded Year
2022
Location
Gurugram, India
Stage
Series B
Total Funding
$34.9M in 5 rounds
Latest Funding Round
Post Money Valuation
$***** as on Feb 25, 2026
Investors
Ranked
1st among 89 active competitors
Annual Revenue
₹50 - ₹100 Cr as on Mar 31, 2025
Employee Count
201 as on May 31, 2026
Legal entities associated with Varaha
Varaha is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
VARAHA CLIMATEAG PRIVATE LIMITED CIN: U72900HR2022PTC124578 , India, Active | Feb 07, 2022 | ₹50 - ₹100 Cr (As on Mar 31, 2025) | 201 (As on May 01, 2026) |
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Varaha's funding and investors
Varaha has raised a total funding of $34.9M over 5 rounds. Its first funding round was on May 04, 2022. Varaha has 21 institutional investors and 5 angel investors.
Here is the list of recent funding rounds of Varaha:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Feb 25, 2026 | 5760337 | Series B | 9929267 | 5186840 | 8838667 | 5503467 |
Dec 26, 2025 | 9936037 | Series B | 3223516 | 4211309 | 1255346 | |
Nov 13, 2025 | 9186647 | Grant (prize money) | 8295040 | 3697647 | 8558237 |
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Varaha's founders and board of directors
Founder? Claim ProfileThe founders of Varaha are Madhur Jain, Anil Kumar Jain, Rajni Jain, Ankita Garg and Vishal Kuchanur. Madhur Jain is the CEO of Varaha.
Here are the details of Varaha's key team members:
- Madhur Jain: Co-Founder & CEO of Varaha. They are also an angel investor in 2 startups and serve on the board of 1 company.Contact Info: 1 email address and 1 phone number
- Anil Kumar Jain: Director of Varaha. They serve on the board of 1 company.Contact Info: 1 phone number
- Rajni Jain: Director of Varaha. They serve on the board of 1 company.
- Ankita Garg: Co-Founder & COO of Varaha. Contact Info: 1 email address and 1 phone number
- Vishal Kuchanur: Co-Founder & CTO of Varaha. Contact Info: 1 email address
Varaha's Board of Directors
Varaha's board has 1 active member. Madhur Jain is part of team.Here is the list of Varaha's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 0y 7m | |
cwixsmm | Team | - | Past | 6y 6m |
yj{gsaw | Team | - | Past | 8y 4m |
View details of Varaha's Founder profiles and Board Members
Varaha's employee count trend
Varaha has 201 employees as of May 26. The total employee count is 93.0% more than what it was in May 25. Here is Varaha's employee count trend over the years:
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Varaha's Competitors and alternates
Top competitors of Varaha include Windfall Bio, Stiesdal and Carbo Culture. Here is the list of Top 10 competitors of Varaha, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Developer of carbon removal projects with smallholder farmers | $34.9M | 72/100 | ||
2nd |  Windfall Bio 2023, Menlo Park (United States), Series A | Developer of technology transforming methane into organic fertilizer for agriculture | $37M | 63/100 | |
3rd | Developer of offshore foundations, green hydrogen plants, and carbon capture systems | $121M | 57/100 | ||
4th | Carbo Culture 2016, Woodside (United States), Series A | Producer and supplier of biochar | $24.9M | 55/100 | |
5th | Provider of industrializing food processing platform for crop farming | $6.37M | 54/100 | ||
6th |  Applied Carbon 2020, Houston (United States), Series A | Developer of mobile biochar production technology | $41.6M | 49/100 | |
7th | Cool Planet 2009, Camarillo (United States), Acquired | Provider of decarbonization software and consulting for industrial net zero goals | $183M | 49/100 | |
8th | _1581499483870.jpeg?devicePixelRatio=2&height=30&width=30){kind=logo} Takachar 2018, Cambridge (United States), Funding Raised | Developer of portable systems converting agricultural and forest residues into bioproducts | - | 48/100 | |
9th | Manufacturer of carbonization systems for waste upcycling | - | 45/100 | ||
10th |  Standard Biocarbon 2020, Portland (United States), Series A | Manufacturer of high-carbon biochar for soil, remediation, and landscaping applications | $10.8M | 45/100 |
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Varaha's Latest cap tables and shareholding
Founders own 42.35%, Funds (largest shareholder) own 45.19%, Enterprises own 3.56% and Angels own 0.34%. The net worth of Varaha's founders is INR 495Cr as of Feb 25, 2026.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 42.35% | 495Cr | 6734177 | 5228598 | 6352366 | 6273582 |
8544183 | 3503133 | 2760175 | 9464558 | 8665204 | 5923806 | |
9281620 | 2856343 | 6761329 | 2307966 | 1167373 | 9398952 | |
8749 | 2850 | 1514 | 1062 | 9880 | 7886 | |
Fund | 45.19% | 528Cr | 5256485 | 3437841 | 9545385 | 9976539 |
8981328 | 8755722 | 3557290 | 7549659 | 3489251 | 8443278 | |
3571226 | 8995243 | 2856621 | 4402482 | 5916809 | 5930320 | |
3767949 | 5519873 | 4665707 | 2649665 | 7426022 | 1161852 | |
7811536 | 7725902 | 5961159 | 7395945 | 5888568 | 1596304 | |
Enterprise | 3.56% | 41.7Cr | 485 | 360 | 272 | 876 |
Angel | 0.34% | 3.92Cr | 0 | 0 | 0 | 0 |
ESOP Pool | 8.56% | 100Cr | 1003590 | 3819950 | 8799436 | 1810857 |
Total | 100.00% | 1,170Cr | 1316607 | 3739006 | 6543555 | 6092807 |
To unlock detailed Cap Table of Varaha Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of Varaha's Shareholding
Varaha's Investments and acquisitions
Varaha has made no investments or acquisitions yet.
Reports related to Varaha
Here is the latest report on Varaha's sector:
News related to Varaha
Filter this listMedia has covered Varaha for a total of 14 events in the last 1 year, 6 of them have been about company updates and 2 about partnerships.
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Varaha Launches Industrial Partners Program to Scale Biochar Carbon RemovalPR Newswire•Feb 19, 2026•Revata Carbon, Varaha
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Varaha Bags $20 Mn To Help Businesses DecarboniseStartupNews•Feb 04, 2026•Varaha, WestBridge Capital, RTP Global, Omnivore
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WestBridge leads Series B funding in climate-tech startup VarahaVCCircle•Feb 04, 2026•Varaha, WestBridge Capital, RTP Global, Omnivore
•
Indigo to Sell 2.85 Million Tonnes of Carbon Removal to Microsoft, Supporting Soil HealthWebDisclosure•Jan 15, 2026•Indigo, Microsoft, Agoro Carbon Alliance, Varaha and 1 other
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Varaha Signs Carbon Removal Agreement with Microsoft for 100,000 Tonnes Over 3 YearsPR Newswire•Jan 15, 2026•Varaha, Microsoft
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Kellanova partners with Varaha for regenerative agriculture to cut supply chain emissionsSupply Chain Dive•Dec 12, 2025•Varaha, Kellanova, Walmart
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Varaha Achieves Asia’s First Enhanced Rock Weathering Carbon Credit Issuance with Puro.earthTheCSRUniverse•Oct 30, 2025•Varaha, Puro.earth
•
•
Varaha Locks In A Five-Year CDR Deal With Louis Dreyfus CompanyCarbon Herald•Aug 19, 2025•Louis Dreyfus Company, Varaha
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