Varaha leverages carbon markets and climate-smart agriculture to help smallholder farmers reduce emissions, improve soil health, and earn income through nature-based solutions across India, Nepal, Bangladesh, and Kenya.
The company aims to address pressing challenges in temperature-sensitive logistics, including food safety, quality retention, and reduction of wastage.
Among key findings, 2022 emerged as a standout year with a record USD 749 million invested—nearly 40% of the five-year total. However, funding saw a dip to USD 269 million in 2024, indicating a cautious investor sentiment amid global economic headwinds.
Scimplify will use the funding to expand beyond 16 countries and strengthen its presence in life sciences, crop sciences, and industrial chemicals, tackling sourcing, regulatory, and large-scale manufacturing challenges.
The Series A funding was led by Belgium's Edaphon, marking its first Asian investment. Omnivore, Inflexor Ventures, and government bodies like BIRAC and DBT also supported the round.
The funding will be directed towards enhancing its tech-enabled platform, which sources, finances, and monitors distributed projects in clean energy sectors. Additionally, the startup aims to attract top talent and build a world-class team.
Omnivore has supported innovative startups such as Fibmold, Optimo, Sid's Farm, and Scimplify, all of which aim to enhance agrifood resilience and foster climate action.
The newly raised funds will be deployed to enhance AGRIM's technological infrastructure, broaden its product offerings, and expand its operational footprint across the country.
The Bengaluru-based platform aims to deploy the raised funds to double down on its R&D capabilities and add more geographies where key customer segments lie.
The funding will be used to expand existing and new product lines, develop value-added advisory services, and provide quality financial services to better serve processors and Farmer Producer Organisations (FPOs).
With the raised capital, the Telangana-based startup aims to expand in Hyderabad and Bengaluru by enhancing manufacturing capabilities and building a strong team.
The Gurugram-based startup will use the raised funds to increase its geographic presence in Southeast Asia and Sub-Saharan Africa and bolster tech and scientific capabilities.
The company will use the USD 1 million seed capital to expand operations across India, reach lakhs of farmers and help them realize increased profitability and sustainability via improved soil health