When was Varaha founded?

Varaha was founded in 2022 and raised its 1st funding round within a year of its incorporation.

Where is Varaha located?

Varaha is headquartered in Gurugram, India. It is registered at 1st Floor, Building No.10, Poorvi Marg, Sector 25, DLF Ph-II, Gurgaon, Dlf Ph-ii, Haryana, India, 122008.

Who is the current CEO of Varaha?

Madhur Jain of Varaha. They have also founded 1 company and are angel investors in 2 startups.

Which legal entities is Varaha associated with?

Varaha is associated with VARAHA CLIMATEAG PRIVATE LIMITED.

How many employees does Varaha have?

As of May 31, 2026, the latest employee count at Varaha is 201.

Is Varaha a funded company?

Varaha is a funded company, having raised a total of $34.9M across 5 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on May 04, 2022.

How much is Varaha worth?

The latest valuation of Varaha is $***** as of Feb 25, 2026.

When was the latest funding round of Varaha?

Varaha's latest funding was a $***** Series B round on Feb 25, 2026, with participation from 0 investor.

What is the annual revenue of Varaha?

Annual revenue of Varaha is between ₹50 Cr and ₹100 Cr as on Mar 31, 2025

Where does Varaha rank among its competitors?

Varaha ranks 1st amongst 89 active competitors, of which 19 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Varaha, which secured $2.2M in Feb, 2026.

Who are the top competitors of Varaha?

Varaha's top competitors include Windfall Bio, Stiesdal and Carbo Culture. Among them, Varaha secured the most recent funding round in February, 2026.

Varaha - 2026 Company Profile, Team, Funding, Competitors & Financials

Varaha is a series B company based in Gurugram (India), founded in 2022 by Madhur Jain, Anil Kumar Jain, Rajni Jain, Ankita Garg and Vishal Kuchanur. It operates as a Developer of carbon removal projects with smallholder farmers. Varaha has raised $34.9M in funding from investors like WestBridge Capital, RTP Global and Orios Venture Partners, with a current valuation of $*****. The company has 89 active competitors, including 19 funded and 2 that have exited. Its top competitors include companies like Windfall Bio, Stiesdal and Carbo Culture.

Company Details

Developer of carbon removal projects with smallholder farmers. It develops and manages regenerative agriculture, afforestation, biochar, and enhanced rock weathering initiatives that remove carbon dioxide from the atmosphere while improving farmer livelihoods and land productivity. It quantifies carbon removal outcomes and supplies verified carbon credits to corporate buyers seeking to meet decarbonization and sustainability goals. The platform connects global carbon credit purchasers with large-scale agricultural carbon removal projects, enabling measurable climate impact and rural economic development.

Website: www.varaha.earth/
Social
Email ID: *****@varahaag.com
Phone Number: +91 **********
Registered Address: 1st Floor, Building No.10, Poorvi Marg, Sector 25, DLF Ph-II, Gurgaon, Dlf Ph-ii, Haryana, India, 122008

Key Metrics

Founded Year

2022

Location

Gurugram, India

Stage

Series B

Total Funding

$34.9M in 5 rounds

Latest Funding Round

Series B, Feb 25, 2026, $*****

Post Money Valuation

$***** as on Feb 25, 2026

Investors

WestBridge Capital & 25 more

Ranked

1^st among 89 active competitors

Annual Revenue

₹50 - ₹100 Cr as on Mar 31, 2025

Employee Count

201 as on May 31, 2026

Similar Companies

Stiesdal & 36 more

View Varaha's full profile

Varaha is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
VARAHA CLIMATEAG PRIVATE LIMITED CIN: U72900HR2022PTC124578 , India, Active	Feb 07, 2022	₹50 - ₹100 Cr (As on Mar 31, 2025)	201 (As on May 01, 2026)

Varaha has raised a total funding of $34.9M over 5 rounds. Its first funding round was on May 04, 2022. Varaha has 21 institutional investors and 5 angel investors.

Here is the list of recent funding rounds of Varaha:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 25, 2026	8760138	Series B	9675663	2420856	3084078	7502549
Dec 26, 2025	4696894	Series B	8850834	7844246	3972180	Omnivore & 3 more
Nov 13, 2025	7469118	Grant (prize money)	7774617	8908032	8856778	Mirova

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View details of Varaha's funding rounds and investors

The founders of Varaha are Madhur Jain, Anil Kumar Jain, Rajni Jain, Ankita Garg and Vishal Kuchanur. Madhur Jain is the CEO of Varaha.

Here are the details of Varaha's key team members:

Madhur Jain: Co-Founder & CEO of Varaha. They are also an angel investor in 2 startups and serve on the board of 1 company.
Contact Info: 1 email address and 1 phone number
Anil Kumar Jain: Director of Varaha. They serve on the board of 1 company.
Contact Info: 1 phone number
Rajni Jain: Director of Varaha. They serve on the board of 1 company.
Ankita Garg: Co-Founder & COO of Varaha.
Contact Info: 1 email address and 1 phone number
Vishal Kuchanur: Co-Founder & CTO of Varaha.
Contact Info: 1 email address

Varaha's Board of Directors

Varaha's board has 1 active member. Madhur Jain is part of team.

Here is the list of Varaha's board of directors:

Name	Type	Representing	Status	Duration
Madhur Jain	Team	-	Current	0y 7m
vxbd{px	Team	-	Past	9y 2m
tlpkaxi	Team	-	Past	7y 6m

View details of Varaha's Founder profiles and Board Members

Varaha's employee count trend

Varaha has 201 employees as of May 26. The total employee count is 93.0% more than what it was in May 25. Here is Varaha's employee count trend over the years:

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Top competitors of Varaha include Windfall Bio, Stiesdal and Carbo Culture. Here is the list of Top 10 competitors of Varaha, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Varaha 2022, Gurugram (India), Series B	Developer of carbon removal projects with smallholder farmers	$34.9M	WestBridge Capital, QED Innovation Labs & 24 others	72/100
2nd	Windfall Bio 2023, Menlo Park (United States), Series A	Developer of technology transforming methane into organic fertilizer for agriculture	$37M	Prelude Ventures, Mayfield & 12 others	63/100
3rd	Stiesdal 2016, Odense (Denmark), Series C	Developer of offshore foundations, green hydrogen plants, and carbon capture systems	$121M	Andel, PensionDanmark & 5 others	57/100
4th	Carbo Culture 2016, Woodside (United States), Series A	Producer and supplier of biochar	$24.9M	True Ventures, Wave Ventures & 20 others	55/100
5th	Releaf 2017, Uyo (Nigeria), Seed	Provider of industrializing food processing platform for crop farming	$6.37M	Future Africa, SAMURAI INCUBATE AFRICA & 14 others	54/100
6th	Applied Carbon 2020, Houston (United States), Series A	Developer of mobile biochar production technology	$41.6M	Wireframe Ventures, Telus & 15 others	49/100
7th	Cool Planet 2009, Camarillo (United States), Acquired	Provider of decarbonization software and consulting for industrial net zero goals	$183M	North Bridge Venture Partners, J.F. Shea Co ... & 14 others	49/100
8th	Takachar 2018, Cambridge (United States), Funding Raised	Developer of portable systems converting agricultural and forest residues into bioproducts	-	ucinnovationchallenge.org, Village Capital ... & 5 others	48/100
9th	PYREG 2009, Dorth (Germany), Funding Raised	Manufacturer of carbonization systems for waste upcycling	-	Net-Zero.Vision, INNOFINCENTA & 1 others	45/100
10th	Standard Biocarbon 2020, Portland (United States), Series A	Manufacturer of high-carbon biochar for soil, remediation, and landscaping applications	$10.8M	Nexus Dev, CEI & 2 others	45/100

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Founders own 42.35%, Funds (largest shareholder) own 45.19%, Enterprises own 3.56% and Angels own 0.34%. The net worth of Varaha's founders is INR 495Cr as of Feb 25, 2026.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	42.35%	495Cr	8433342	6404602	9336571	1754726
Madhur Jain	5234070	6464777	4021241	7903995	5114143	9503034
Ankita Garg	5901338	5374751	2128592	7933028	6553750	1731420
Vishal Kuchanur	4043	8425	1962	6894	2333	3660
Fund	45.19%	528Cr	3175886	4054974	4749680	8816370
RTP Global	9062690	3542929	3309518	7323426	7639948	2915599
WestBridge Capital	3063136	6689957	2517338	9895385	5147945	9882709
Orios Venture Partners	9005200	8317946	4624655	8430955	7976153	8169305
Omnivore	6784496	1594404	8811262	7874101	3498363	8646571
Enterprise	3.56%	41.7Cr	228	194	805	966
Angel	0.34%	3.92Cr	0	0	0	0
ESOP Pool	8.56%	100Cr	2149151	9857431	1858714	7254214
Total	100.00%	1,170Cr	6971537	1392720	4943570	5527068