Climate-tech startup Prithu raises Rs 10 Cr Seed funding from Transition VC
In a seed funding round headed by Transition VC, climate technology startup Prithu has raised Rs 10 crore.
The Startup India Seed Fund and other investors had previously contributed Rs 38 lakh to the Gurugram-based startup’s angel round.
According to a press release from Prithu, the new money will be utilized to secure global carbon credit offtakes, improve blockchain-powered MRV systems, and grow farmer networks.
Sunny Vaish, Prabal Tomar, and Abhinav Pandey co-founded Prithu, a climate technology company that develops a full-stack carbon removal platform with an emphasis on natural solutions, in 2024. By converting regenerative agriculture, agroforestry, biochar, and biogas interventions into high-integrity carbon credits, it makes large-scale climate action possible.
By 2030, the startup wants to store 20 million tonnes of CO2. It allows small landholder farmers to take part in international carbon markets while addressing issues like soil organic carbon depletion, burning of agri-waste, and water stress.
The global carbon market is currently estimated to be worth $3–4 billion and is expected to grow to over $40–50 billion by 2030, according to market research.
In addition to providing high-integrity credits to international voluntary carbon markets in industries like manufacturing, technology, energy, aviation, and consumer goods, Prithu concentrates on agriculture in India using regenerative techniques that address soil depletion, agri-waste burning, and water stress.
The company intends to increase NBS projects, including high-tech biochar, to 5 lakh hectares over the course of the next 12 to 24 months. Additionally, it will secure international partnerships, expand into new regions, and improve its MRV technology.
It faces competition from other prominent players in this market, including Grow Indigo, Mitti Labs, Equilibrium, Varaha, and Boomitra.
