News Summary

• Mirova, the French climate-focused investment firm, has invested $30.5 million (€26.4 million) in Indian climate tech startup Varaha.
• This investment will help to expand the startup’s regenerative farming program, supporting hundreds of thousands of smallholder farmers in northern India.
• The Paris-based firm is investing cash and will get a share of the carbon credits generated in return over time.
• Mirova is an affiliate of Natixis Investment Managers and counts among its backers Gucci parent Kering, Orange, L’Occitane Group, Capgemini, Unibail-Rodamco-Westfield, and MANE.