- Varaha, a company dedicated to aiding smallholder farmers in Asia and Africa, has successfully secured $8.7 million in funding. This financial boost will enable Varaha to continue its mission of supporting smallholders in transitioning to climate-friendly farming methods.
- The funding will enable Varaha to expand its initiatives aimed at promoting sustainable agricultural practices among smallholders. This includes advocating for methods that reduce emissions and enhance soil health.
- By facilitating the adoption of climate-friendly farming methods, Varaha aims to improve the livelihoods of smallholder farmers. These practices not only contribute to environmental sustainability but also increase farmers’ resilience to climate change.
- Varaha utilizes advanced technology, including remote sensing and machine learning, to validate and quantify the impact of sustainable farming practices. This data-driven approach helps smallholders optimize their agricultural operations.
Varaha, a company founded in 2022 by Madhur Jain (CEO), Ankita Garg (COO), and Vishal Kuchanur (CTO). They aims to change smallholder farming by breaking the cycle of climate change and global warming that distinctively affects these farmers.
Named after the Hindu deity Vishnu’s avatar, Varaha, known for lifting the earth from the cosmic ocean. The company seeks to create a more sustainable agricultural model.
Jain, with a background in agriculture, biotech, and software. He emphasises the importance of agriculture in global emissions, accounting for 24% of total emissions.
Varaha’s mission is to shift smallholder farmers towards sustainable practices. This not only relieve climate change but also improve soil fertility and increase productivity.
(Read also: Deere Witnesses Robust Early Demand For Pay-as-You-Go Model in Precision Agriculture)
The company offers an end-to-end project developer for carbon credits, specifically designed for smallholder farmers. It helps farmers transition to climate-friendly practices, validates these practices using remote sensing and machine learning, and quantifies the emissions reductions and sequestration.
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Farmers earn around 60% – 65% of the carbon credit value, with Varaha taking 20% – 25%, and partners receiving 10% – 15%.
Varaha’s approach, according to Galina Chifina from RTP Global’s Asia team. He his unique and has the potential to be a game-changer in the industry. Jain emphasises that the value created by Varaha goes beyond carbon credits. This leads to systemic changes in input use, soil fertility, and income increase for farmers.
In conclusion, Varaha’s innovative approach aims to create a sustainable and profitable future for smallholder farmers while addressing the urgent global challenge of climate change.
