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Varaha generates carbon credits from nature-based projects with smallholder farmers.
Varaha develops traceable carbon offsets from nature-based solutions, working with smallholder farmers and using remote sensing, machine learning, blockchain and biomass and soil modeling. Founded in 2022 by Madhur Jain, Ankita Garg and Vishal Kuchanur, the company is based in Gurugram, India, and works across six Indian states as of December 2022. In February 2026, it raised USD 20 million in Series B funding led by WestBridge Capital Partners, with RTP Global and Omnivore participating. The funding will support expansion across South Asia and Southeast Asia.
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