Founded by Abhimanyu Rathi, RenewCred has built a platform that enables continuous monitoring, reporting, and verification at the level of each individual credit issued.RenewCred has raised ₹4.25 crore in a seed funding round led by Campus Angels Network to build what it terms India’s first fully digital, science-led carbon credit standard and registry.
The round, which is a mix of equity and grants, also 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 some angel investors.
The key differentiation with legacy systems is that it integrates live data streams, scientific models, and automated checks to reduce verification timelines by 75 per cent and lower transaction costs by over 50 per cent.
“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,” said founder and CEO Rathi.
The startup aims to remove two gigatons of greenhouse gas emissions from the atmosphere in the next 14 years.
“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,” Chandran Krishnan, managing director, Campus Angels Network, said.
In India, a carbon credit represents 1 tonne of CO₂ equivalent reduced or removed. Under the Carbon Credit Trading Scheme, industries earn credits by cutting emissions or buy them to offset what they can’t avoid. The system prices carbon and pushes investment into cleaner technologies.
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