Varaha, Asia’s largest developer of high-integrity carbon removal projects, today announced its Series B financing round of ~$45M, and close of the initial tranche of $20M, led by WestBridge Capital.The new capital will accelerate Varaha’s geographic expansion, strengthen its scientific and MRV capabilities, and scale a new industrial partnership model that extends its capabilities to partners worldwide. Founded in India, Varaha develops carbon removal projects across four pathways: Biochar, Afforestation, Reforestation and Revegetation (ARR); Regenerative Agriculture, and Enhanced Rock Weathering (ERW).The company has built strong commercial traction, executing long-term carbon offtake agreements with U.S. technology leaders Google and Microsoft, as well as a major U.S.-based aviation company. Varaha has also delivered one of the highest volumes of durable carbon removal credits of any project developer globally as on date.This investment marks WestBridge Capital’s first climate tech investment. Speaking on the investment Sandeep Singhal, Co-founder and Managing Partner, WestBridge Capital said, “Varaha has built what very few companies globally have: deep scientific credibility in a nascent industry alongside a commercially viable business model. We believe Varaha is uniquely positioned to build a global carbon-removal platform from India, combining integrity, scale, and impact. This investment reflects our conviction in the team and their potential to… Read MoreStartupTalky- Business News, Insights and Stories
