Latest news with #Omnivore
Entrepreneur
25-05-2025
- Business
- Entrepreneur
The Climate Warrior
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. Opinions expressed by Entrepreneur contributors are their own. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Working closely with Indian farmers at Bayer and Monsanto, Ankita Garg saw their daily struggles—climate shocks, small landholdings, and limited resources—unlike the mechanized, well-supported farms in the US and Europe. This disparity ignited her mission to co-found Varaha in 2022, leveraging carbon markets and climate-smart agriculture to transform sustainability into economic opportunity for smallholder farmers. "Varaha addresses the pressing issues of climate change and food security by reducing agricultural emissions and improving soil health through nature-based solutions,"said Ankita Garg, Co-founder and COO at Varaha. "With the voluntary carbon market projected to exceed USD 100 billion by 2030, Varaha's target market across its operating geographies is estimated at USD 60 billion, offering significant growth potential." Early-stage investors Omnivore and Better Capital were among the first to back Varaha's mission, supporting its seed round. "Their belief in our vision set the foundation for tackling climate change and food security issues," shared Ankita. Since its inception, Varaha has raised USD 13 million in funding from prominent investors such as RTP Global, Orios Venture Partners, Norinchukin Bank, Theia Ventures, Octave Wellbeing Economy Fund, and AgFunder. This financial backing has accelerated Varaha's expansion across India, Nepal, Bangladesh, and Kenya. Today, the startup claims to have onboarded over 100,000 farmers covering one million acres, sequestering over two million tons of carbon. "Being a female entrepreneur was just one challenge—navigating carbon markets meant overcoming skepticism, building scalable MRV systems, and ensuring scientific rigor while staying farmer-friendly," Ankita explained. Her background in biotechnology and corporate experience helped bridge the gap between science, execution, and farmer realities. Despite achieving milestones like securing Series A funding and partnering with Google, challenges remain. "Registry delays that slow credit issuance, affecting farmer payouts and project timelines, continue to be a hurdle," Ankita stated. Looking ahead, Varaha plans to expand its full-stack sustainable agriculture ecosystem, leveraging partnerships, IoT, and satellite technology. With access to over 10 million farmers and 20 million hectares through 100+ partners, it aims to scale its impact globally. Varaha also champions diversity, with 24% of its workforce being women and over 7,000 women empowered through its projects. Financially, the startup has seen exponential growth, with revenues reaching INR 21 crore in FY 2024-25, up from INR 5.8 crore in FY 2023-24 and INR 52 lakh in FY 2022-23. Under Ankita's leadership, Varaha is revolutionising climate-smart agriculture, making sustainability a viable economic pathway for farmers worldwide. Facts:
&w=3840&q=100)
Business Standard
06-05-2025
- Business
- Business Standard
Celcius Logistics raises ₹250 cr in Series B to expand to 1,000 cities
Celcius Logistics, a cold chain-focused homegrown third-party logistics company, on Tuesday announced it had raised Rs 250 crore in a Series B funding round co-led by Eurazeo and Omnivore, with participation from existing investor IvyCap Ventures. The amount was raised through a combination of equity investment, debt financing, and secondary transactions. The debt partners include Trifecta Capital, Lighthouse Canton, BlackSoil, UCIC, and GetVantage, among others. With the funds, the company plans to expand its network to over 1,000 cities across the country and enhance its technology platform to meet the growing demand for temperature-sensitive logistics across multiple sectors. Celcius has also made inroads into pharmaceutical logistics, ensuring safe and efficient transportation of critical medical supplies nationwide. Earlier, in May 2024, the end-to-end cold chain solutions provider raised Rs 40 crore in a pre-Series B round. To date, the company has raised around Rs 390 crore to expand its cold chain network and capabilities. 'The funding comes at a pivotal time as we scale our operations and strengthen our capabilities across all verticals. We are focused on expanding our reach, deepening customer partnerships, and delivering seamless, reliable, and efficient temperature-sensitive logistics using our tech-driven cold chain solutions. This support enables us to bridge critical industry gaps and drive meaningful transformation in the ecosystem,' said Swarup Bose, founder and chief executive officer of Celcius Logistics. Founded in 2020, the company currently operates in over 600 cities with a network of more than 4,000 vehicles, 150 cold storage and distribution facilities, and over 250 hyperlocal riders. Some of the company's clients include Blinkit, Zepto, Zomato, Domino's, Keventers, and Baskin Robbins.
