Varaha - About the company
Varaha is a series B company based in Gurugram (India), founded in 2022 by Madhur Jain, Ankita Garg, Vishal Kuchanur and Awani Giri. It operates as a Climate tech company that enables smallholder farmers to generate carbon removal credits. Varaha has raised $54.9M in funding from investors like WestBridge Capital, RTP Global and Orios Venture Partners, with a current valuation of ₹*****. The company has 562 active competitors, including 133 funded and 19 that have exited. Its top competitors include companies like Indigo, Carbon Direct and Terraformation.
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
Post Money Valuation
₹***** as on Aug 14, 2026
Investors
Ranked
2nd among 562 active competitors
Annual Revenue
₹50 - ₹100 Cr as on Mar 31, 2025
Employee Count
201 as on May 31, 2026
Similar Companies
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) |
Sign up to download Varaha's company profile
Varaha's funding and investors
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 22 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 |
|---|---|---|---|---|---|---|
Aug 14, 2026 | 5993781 | Series B | 7074565 | 1469353 | 8350231 | 7198139 |
Feb 27, 2026 | 8486963 | Series B | 7276020 | 5347974 | 9388996 | 4930482 |
Dec 26, 2025 | 3596716 | Series B | 9293344 | 1877588 |
Access funding benchmarks and valuations. Sign up today!View details of Varaha's funding rounds and investors
Varaha's founders and board of directors
Founder? Claim ProfileThe founders of Varaha are Madhur Jain, Ankita Garg, Vishal Kuchanur and Awani Giri. 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
- Ankita Garg: Co-Founder & COO of Varaha. Contact Info: 1 email address and 1 phone number
- Vishal Kuchanur: Co-Founder & CTO of Varaha.
- Awani Giri: Founder's Office of Varaha and founder of 1 other company.
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 |
|---|---|---|---|---|
Team | - | Current | 0y 9m | |
Team | - | Current | 4y 5m |
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:
Uncover Varaha's growth story! Sign up today!
Access Tracxn on any website
Install Tracxn ExtensionOur Google Chrome extension lets you view company details while browsing their websites
Varaha's Competitors and alternates
Top competitors of Varaha include Indigo, Carbon Direct and Terraformation. Here is the list of Top 10 competitors of Varaha, ranked by Tracxn score:
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!
Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Indigo 2013, Boston (United States), Series G | Provider of biological and sustainability solutions for the agriculture industry | $1.4B | 78/100 | |
2nd | Climate tech company that enables smallholder farmers to generate carbon removal credits | $54.9M | 76/100 | ||
3rd |  Carbon Direct 2019, New York (United States), Series C | Provider of science-backed carbon management solutions for emission reduction and removal | $60.8M | 65/100 | |
4th |  Terraformation 2020, Ocean View (United States), Series A | Provider of data-driven solutions and technology to support ecosystem restoration | $35.1M | 65/100 | |
5th |  Pachama 2018, Sausalito (United States), Acquired | Develops technological solutions for the protection and restoration of the forests | $88.2M | 65/100 | |
6th |  Isometric 2022, London (United Kingdom), Series A | Online platform offering carbon offset solutions | $65M | 63/100 | |
7th |  Abatable 2021, London (United Kingdom), Series A | Online platform to calculate and offset the carbon footprint | $16.6M | 61/100 | |
8th |  Supercritical 2021, Sevenoaks (United Kingdom), Series A | Operator of a marketplace for sourcing and managing carbon removal credits | $18.7M | 60/100 | |
9th |  ClimeCo 2011, Boyertown (United States), Series A | Provider of environmental project development and management services | $50M | 59/100 | |
10th | Provider of carbon footprint reduction solutions | $19.1M | 59/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on Varaha's competitors? Click here to see the top ones
Varaha's Latest cap tables and shareholding
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.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 38.41% | 808Cr | 4617181 | 3494018 | 2999727 | 1551471 |
2288017 | 4867027 | 6149898 | 8562859 | 2157121 | 6281988 | |
5712631 | 2430154 | 7737212 | 7486619 | 9387834 | 9457989 | |
1708 | 5981 | 4262 | 3540 | 5065 | 7792 | |
Fund | 53.53% | 1,130Cr | 1759414 | 3071589 | 8131066 | 6260401 |
5795098 | 7301402 | 5855430 | 1753378 | 9473257 | 2818592 | |
2445809 | 8926320 | 4231232 | 4604556 | 8600998 | 9183596 | |
2093157 | 3913338 | 9624558 | 8809230 | 2010980 | 2859979 | |
2 | 3 | 1 | 6 | 8 | 4 | |
Enterprise | - | 0 | 0 | 0 | 0 | 0 |
Angel | 0.30% | 6.39Cr | 0 | 0 | 0 | 0 |
ESOP Pool | 7.76% | 163Cr | 8942968 | 8865160 | 5619603 | 7513486 |
Total | 100.00% | 2,100Cr | 3558704 | 6096875 | 3715959 | 6646079 |
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 16 events in the last 1 year, 6 of them have been about company updates and 3 about partnerships.
•
Google Selects Four Indian Startups for Climate AI Accelerator ProgramCyberMedia India Online•Sep 14, 2026•Google, TerraStack, Varaha, Climitra
•
•
Varaha Launches Industrial Partners Program to Scale Biochar Carbon RemovalPR Newswire•Feb 19, 2026•Revata Carbon, Varaha
•
Varaha Bags $20 Mn To Help Businesses DecarboniseStartupNews•Feb 04, 2026•Varaha, WestBridge Capital, RTP Global, Omnivore
•
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
•
Varaha Signs Carbon Removal Agreement with Microsoft for 100,000 Tonnes Over 3 YearsPR Newswire•Jan 15, 2026•Varaha, Microsoft
•
Kellanova partners with Varaha for regenerative agriculture to cut supply chain emissionsSupply Chain Dive•Dec 12, 2025•Varaha, Kellanova, Walmart
•
•
Varaha Achieves Asia’s First Enhanced Rock Weathering Carbon Credit Issuance with Puro.earthTheCSRUniverse•Oct 30, 2025•Varaha, Puro.earth
Get curated news about company updates, funding rounds, M&A deals and others. Sign up today!Are you a Founder ?
FAQs about Varaha
Explore our recently published companies
- Agence Communication - France based, Unfunded company
- Northeast Custom Cabinets - Stratford based, Unfunded company
- Artha - United States based, 2022 founded, Unfunded company
- Longeverse - 2022 founded, Unfunded company
- Apex - United States based, Unfunded company
- VerdeAds - United Arab Emirates based, 2023 founded, Unfunded company
