RenewCred, a Bengaluru-based climate-technology company, has raised ₹4.15 crore in a seed funding round led by Campus Angels Network, comprising a mix of equity and grants.
The saw participation from Kairos Early Opportunity Fund, build3 Startup Studio, VentureStudio Ahmedabad University, Ideashacks Investor Network, ACT Capital Foundation, Social Innovation Lab by CITI Bank-IIT Kanpur and angel investors.
The fresh funds raised will be used to expand its library of non-nature-based carbon credit methodologies, scale its Net Zero digital MRV and registry platform, and expand its science network and sector-specific expertise. The company will also focus on onboarding project developers and buyers seeking transparent, continuously verified carbon credits.
Founded in 2024 by Abhimanyu Rathi, RenewCred is building the core market infrastructure for high-integrity carbon credits, with a sharp focus on non-nature-based methodologies such as Biochar, EV fleets, renewable energy, methane reduction, clean fuels, and industrial decarbonisation.
The company aims to make carbon markets more transparent, efficient, and accessible, particularly for technology-led projects and smaller developers in the Global South.
Its proprietary digital platform, Net Zero, enables continuous monitoring, reporting, and verification (digital MRV) at the level of each credit issued. Unlike legacy, document-heavy carbon systems, RenewCred’s platform integrates live data streams, scientific models, and automated checks to reduce verification timelines, lower transaction costs, and significantly improve trust and auditability.
RenewCred is scheduled to issue its first set of carbon credits this quarter.
Abhimanyu Rathi, Founder & CEO, RenewCred, said, “Carbon markets today suffer from five structural problems: lack of trust, opaque data, slow verification cycles, high costs, and fragmented accountability. RenewCred is being built to solve exactly these failures. By combining rigorous science, a transparent standard, a live registry, and a technology platform that monitors every credit end-to-end, we are creating market infrastructure that is faster, more affordable, and fundamentally more credible. This round allows us to deepen our methodologies, scale Net Zero, and deliver carbon credits that buyers and regulators can genuinely trust.”
Chandran Krishnan, Managing Director, Campus Angels Network, said, “What stands out for us is RenewCred’s clear understanding of the structural gaps in carbon markets and their focus on building credible, technology-led infrastructure. They are addressing a real problem with relevance for India’s evolving climate and compliance landscape. Through this investment, we are backing a team with strong scientific depth and execution capability.”
Ashok Subramanian, Managing Partner, Kairos Early Opportunity Fund, said, “High-quality carbon markets will be built on technology, not paperwork. RenewCred’s decision to focus on non-nature-based credits, continuous data, and in-house standards and registry infrastructure positions them well for where global markets are headed. We see strong potential for RenewCred to emerge as a reference platform for credible carbon credits from India.”
