Bengaluru, India | January 15, 2026 : RenewCred
(Net Zero Initiative Private Limited), a climate-technology company building
India’s first fully digital, science-led carbon credit standard and registry
for the voluntary carbon market, has successfully closed its ₹4.15 crore seed
funding round, comprising a mix of equity and grants.
The round was led by Campus
Angels Network
and 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.
Founded by Abhimanyu
Rathi with Yogendra
Panchal, Shilpi Saboo and Kaushik Gupta in the leadership team, 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 is among the earliest in India to operate as a
carbon credit standard and registry, purpose-built for emerging market
realities. Through its offerings, the company aims to remove 2.0 gigatons of
greenhouse gas emissions from the atmosphere in the next 14 years.
A New Carbon Market Stack for India
At the heart of RenewCred’s approach is its proprietary
digital platform, Net Zero, which enables continuous monitoring, reporting, and
verification (digital MRV) at the level of each individual credit issued.
Unlike legacy, document-heavy carbon systems, RenewCred’s platform integrates
live data streams, scientific models, and automated checks to reduce
verification timelines by 75%, lower transaction costs by over 50%, and
significantly improve trust and auditability.
RenewCred is supported by a growing science network of
domain experts, who co-develop sector-specific methodologies, validate
assumptions, and ensure that credits issued are conservative, measurable, and
defensible across global buyer scrutiny.
The company is scheduled to issue its first set of
carbon credits this quarter, marking a key milestone in operationalising a
fully Indian, technology-native carbon market infrastructure.
Leadership Commentary
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, added:
“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.”
Looking Ahead
Over the next 9-12
months, RenewCred will focus on:
- Expanding
its library of non-nature-based carbon credit methodologies - Scaling
the Net Zero digital MRV and registry platform - Growing
its science network and sector-specific expertise - Onboarding
project developers and buyers seeking transparent, continuously verified
carbon credits - Establishing
India as a credible source of high-integrity, technology-verified carbon credits
for global markets
As carbon markets mature and scrutiny intensifies,
RenewCred is being built as foundational market infrastructure which is
engineered to deliver speed, integrity, and verifiable trust at scale for the
global net-zero transition.
Visit RenewCred at www.renewcred.com
