About Varaha
Varaha is a company based in Gurugram (India) founded in 2022 by Ankita Garg, Vishal Kuchanur, and Madhur Jain.. Varaha has raised $42.7 million across 3 funding rounds from investors including Prodapt, RTP Global and Orios Venture Partners. The company has 36 employees as of October 26, 2024. Varaha operates in a competitive market with competitors including Good Carbon, Invert, Klimate, CEEZER and NCX, among others.
- Headquarter Gurugram, India
- Employees 36 as on 26 Oct, 2024
- Founders Ankita Garg, Vishal Kuchanur, Madhur Jain
- Stage Minicorn
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Sectors
Environment
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Email
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Phone
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Website
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Social
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- Legal Name Varaha Climateag Private Limited
- Date of Incorporation 07 Feb, 2022
- Jurisdiction Gurugram, Haryana, India
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Annual Revenue
$63.14 K (USD)0as on Mar 31, 2023
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Net Profit
$-441.61 K (USD)0as on Mar 31, 2023
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EBITDA
$-608.67 K (USD)0as on Mar 31, 2023
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Total Equity Funding
$42.7 M (USD)
in 3 rounds
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Latest Funding Round
$30 M (USD), Series B
Nov 13, 2025
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Investors
Prodapt
& 18 more
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Employee Count
36
as on Oct 26, 2024
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Funding Insights of Varaha
Varaha has successfully raised a total of $42.7M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $30 million completed in November 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $30.0M
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First Round
First Round
(04 May 2022)
- Investors Count 19
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2025 | Amount | Series B - Varaha | Valuation |
investors |
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| Jan, 2024 | Amount | Series A - Varaha | Valuation | RTP Global | |
| May, 2022 | Amount | Seed - Varaha | Valuation | Orios Venture Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Varaha
Varaha has secured backing from 19 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Prodapt, RTP Global and Orios Venture Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm focused on early-stage technology companies
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Founded Year | Domain | Location | |
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Agritech startups are funded by Omnivore, a venture capital entity.
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Founded Year | Domain | Location | |
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Venture capital firm focused on early-stage investments
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Varaha
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Varaha
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Varaha Comparisons
Competitors of Varaha
Varaha operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Good Carbon, Invert, Klimate, CEEZER and NCX, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Digital platform for investing in nature-based carbon projects is offered.
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| domain | founded_year | HQ Location |
Invert is engaged in carbon reduction and removal solutions.
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| domain | founded_year | HQ Location |
Carbon footprints are calculated and offset through capture technologies.
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| domain | founded_year | HQ Location |
Carbon footprint solutions are provided via an online platform.
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| domain | founded_year | HQ Location |
Carbon offsets are facilitated via a data-driven forest marketplace.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Varaha
Frequently Asked Questions about Varaha
When was Varaha founded?
Varaha was founded in 2022.
Where is Varaha located?
Varaha is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of Varaha?
Madhur Jain is the current CEO of Varaha. They have also founded this company.
Is Varaha a funded company?
Varaha is a funded company, having raised a total of $42.7M across 3 funding rounds to date. The company's 1st funding round was a Seed of $4M, raised on May 04, 2022.
How many employees does Varaha have?
As of Oct 26, 2024, the latest employee count at Varaha is 36.
What is the annual revenue of Varaha?
Annual revenue of Varaha is $63.14K as on Mar 31, 2023.
What does Varaha do?
Varaha was founded in 2022 in Gurugram, India, within the sustainable agriculture and carbon removal sector. A technology-driven SaaS platform is operated to support regenerative agriculture, agroforestry, and biochar projects. High-quality carbon credits are generated through these initiatives, alongside improvements in soil health. Farmers are enabled by the platform to lower emissions, increase productivity, and obtain supplementary income via climate-smart methods.
Who are Varaha's investors?
Varaha has 19 investors. Key investors include Prodapt, RTP Global, Orios Venture Partners, Omnivore, and The Norinchukin Bank.
What is Varaha's valuation?
The valuation of Varaha is $43.31M as of Jan 2024.
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