When was Varaha founded?

Varaha was founded in 2022 and raised its 1st funding round within a year of its incorporation.

Where is Varaha located?

Varaha is headquartered in Gurugram, India. It is registered at 1st Floor, Building No.10, Poorvi Marg, Sector 25, DLF Ph-II, Gurgaon, Dlf Ph-ii, Haryana, India, 122008.

Who is the current CEO of Varaha?

Madhur Jain of Varaha. They have also founded 1 company and are angel investors in 2 startups.

Which legal entities is Varaha associated with?

Varaha is associated with VARAHA CLIMATEAG PRIVATE LIMITED.

How many employees does Varaha have?

As of May 31, 2026, Varaha has 201 employees, reflecting a 94% year-over-year growth in headcount.

Is Varaha a funded company?

Varaha is a funded company, having raised a total of $54.9M across 6 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on May 04, 2022.

How much is Varaha worth?

The latest valuation of Varaha is ₹***** as of Aug 14, 2026.

When was the latest funding round of Varaha?

Varaha's latest funding was a $***** Series B round on Aug 14, 2026, with participation from 2 investors. Its primary sector is Air Pollution Management Tech. In India, the Air Pollution Management Tech sector has seen $68M in funding in 2026 to date.

What is the annual revenue of Varaha?

Annual revenue of Varaha is between ₹50 Cr and ₹100 Cr as on Mar 31, 2025

Where does Varaha rank among its competitors?

Varaha ranks 1st amongst 620 active competitors, of which 136 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Isometric, which secured $10M in Sep, 2026.

Who are the top competitors of Varaha?

Varaha's top competitors include Indigo, Terraformation and Isometric. Among them, Isometric secured the most recent funding round in September, 2026.

Varaha - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Climate tech company that enables smallholder farmers to generate carbon removal credits. It develops and manages carbon removal initiatives including enhanced rock weathering, regenerative agriculture, biochar production, and afforestation across South Asia. Using proprietary measurement, reporting, and verification (MRV) technology, it quantifies carbon removal outcomes and generates high-quality carbon credits that are sold to corporations seeking to meet decarbonization and sustainability goals. It helps farmers increase productivity and income while delivering scalable carbon dioxide removal solutions to global buyers such as Microsoft, Google, Swiss Re, and Lufthansa.

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

$54.9M in 6 rounds

Latest Funding Round

Series B, Aug 14, 2026, $*****

Post Money Valuation

₹***** as on Aug 14, 2026

Investors

WestBridge Capital & 28 more

Ranked

1^st among 620 active competitors

Annual Revenue

₹50 - ₹100 Cr as on Mar 31, 2025

Employee Count

201 as on May 31, 2026

Similar Companies

Terraformation & 536 more

View Varaha's full profile

Varaha is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
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)

Varaha has raised a total funding of $54.9M over 6 rounds. Its first funding round was on May 04, 2022. Its latest funding round was a Series B round on Aug 14, 2026 for $*****. 2 investors participated in its latest round. Varaha has 24 institutional investors and 5 angel investors.

Here is the list of recent funding rounds of Varaha:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Aug 14, 2026	2625400	Series B	3545135	3677242	5054406	1333070
Feb 27, 2026	6825256	Series B	7126298	5185248	5151379	3417711
Dec 26, 2025	5417472	Series B	2673077	5059786	WestBridge Capital	Omnivore & 4 more

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View details of Varaha's funding rounds and investors

The founders of Varaha are Madhur Jain, Awani Giri, 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 phone number
Awani Giri: Founder's Office of Varaha and founder of 1 other company.
Ankita Garg: Co-Founder & COO of Varaha.
Contact Info: 1 email address and 1 phone number
Vishal Kuchanur: Co-Founder & CTO of Varaha.

Varaha's Board of Directors

Varaha's board has 2 active members. Madhur Jain and Ankita Garg are part of team.

Here is the list of Varaha's board of directors:

Name	Type	Representing	Status	Duration
Madhur Jain	Team	-	Current	4y 7m
Ankita Garg	Team	-	Current	4y 7m

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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Top competitors of Varaha include Indigo, Terraformation and Isometric. Here is the list of Top 10 competitors of Varaha, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Varaha 2022, Gurugram (India), Series B	Climate tech company that enables smallholder farmers to generate carbon removal credits	$54.9M	WestBridge Capital, Orios Venture Partners ... & 27 others	76/100
2nd	Indigo 2013, Boston (United States), Series G	Provider of biological and sustainability solutions for the agriculture industry	$1.4B	Flagship Pioneering, Baillie Gifford & 26 others	73/100
3rd	Terraformation 2020, Ocean View (United States), Series A	Provider of data-driven solutions and technology to support ecosystem restoration	$35.1M	Climate Capital, Kayak Ventures & 15 others	66/100
4th	Isometric 2022, London (United Kingdom), Series A	Online platform offering carbon offset solutions	$75M	Lowercarbon Capital, Plural & 24 others	64/100
5th	Abatable 2021, London (United Kingdom), Series A	Online platform to calculate and offset the carbon footprint	$16.6M	Azora, Global Founders Capital & 6 others	63/100
6th	Supercritical 2021, Sevenoaks (United Kingdom), Series A	Operator of a marketplace for sourcing and managing carbon removal credits	$18.7M	Lightspeed Venture Partners, MMC Ventures ... & 19 others	62/100
7th	ClimeCo 2011, Boyertown (United States), Series A	Provider of environmental project development and management services	$50M	The Heritage Group, Warburg Pincus	61/100
8th	Carbon Direct 2019, New York (United States), Series C	Provider of science-backed carbon management solutions for emission reduction and removal	$60.8M	Decarbonization Partners, Impact Engine & 2 others	61/100
9th	Pachama 2018, Sausalito (United States), Acquired	Develops technological solutions for the protection and restoration of the forests	$88.2M	Breakthrough Energy, Serena Ventures & 51 others	61/100
10th	IMPT 2022, Dublin (Ireland), Series B	Provider of digital platforms for purchasing and retiring carbon credits	$30M	-	61/100

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Founders own 38.41%, Funds (largest shareholder) own 53.53%, Enterprises own 0.00% and Angels own 0.30%. The net worth of Varaha's founders is INR 808Cr as of Aug 14, 2026. The cap table displayed below is for VARAHA CLIMATEAG PRIVATE LIMITED which is the legal entity associated with Varaha.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	38.41%	808Cr	8834909	5173403	8373899	8626945
Madhur Jain	5479895	6596529	7876352	8297299	7233835	8861900
Ankita Garg	9488446	4947870	9516328	3859808	5804653	8618961
Vishal Kuchanur	7734	1466	6504	7982	6914	3559
Fund	53.53%	1,130Cr	8353317	6581739	3393040	1413716
WestBridge Capital	1884164	5522794	3180591	5452440	6250430	3579269
RTP Global	2098991	9981745	8411143	1170706	6201605	5074577
Omnivore	5591871	4480141	2191325	7182561	1859717	8103059
Spearfin	6	2	7	2	4	5
Enterprise	-	0	0	0	0	0
Angel	0.30%	6.39Cr	0	0	0	0
ESOP Pool	7.76%	163Cr	6140381	7017408	9150823	8637830
Total	100.00%	2,100Cr	9004313	7916608	3577541	1379107