India’s Varaha bags $20M to scale carbon removal from the Global South

image via TechCrunch

February 3, 2026, 11:30 PM

• •Varaha has raised about $33 million in equity to date, alongside project financing and grants.
• •The company has removed over 2 million tons of carbon dioxide across 14 active projects.
• •Varaha reported revenue of ₹430 million (about $4.76 million) last financial year and expects nearly ₹2 billion (around $22.15 million) this year.
• •The startup operates across India, Nepal, Bangladesh, Bhutan, and Ivory Coast, working with around 170,000 farmers.

Varaha, an India-based climate tech startup, has secured $20 million in funding as part of its $45 million Series B round, led by WestBridge Capital. The company aims to scale carbon removal projects in the Global South, offering lower-cost verified emissions reductions. Varaha focuses on execution-based models across regenerative agriculture, agroforestry, biochar, and enhanced rock weathering, working with smallholder farmers and industrial partners. The startup has signed long-term agreements with global buyers like Google and Microsoft, with plans to expand into new markets and launch an Industrial Partners Program.

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