OCTAVE Capital is proud to back Varaha in their US$20M Series B fundraising led by WestBridge Capital.

We have seen the company grow from strength to strength since 2023 as an early supporter.

The climate urgency is real, and getting to net-zero requires both carbon emissions reduction as well as removal of residual emissions.

Founded in 2022, Varaha’s approach to carbon removals is rooted in an inclusive business operating model that enables smallholder farmers to benefit from sustainable farming practices.

This investment reflects our belief that climate solutions must also work for communities. By supporting smallholder farmers, we are enabling higher and more resilient incomes – through better yields and access to carbon markets – while restoring soil health, reducing fertilizer dependency, and removing carbon from the atmosphere. It is a clear example of how environmental sustainability and inclusive growth can be mutually reinforcing.

In the last two years, Varaha signed landmark biochar credit deals with Google and Microsoft, and has become one of the largest biochar suppliers, with more than 130,000 tonnes delivered and more than half a million tonnes sold (Source: CDR.FYI).

The company also received a US$30M project investment from Mirova, reflecting both their market leadership and how nature-based solutions is maturing into a blended finance model.

We look forward to Varaha’s continued growth and expansion, as they scale across India and beyond.