RenewCred (Net Zero Initiative Private Limited), a climate-technology company developing India’s first fully digital and science-driven carbon credit standard and registry, 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, with participation from Kairos Early Opportunity Fund, build3 Startup Studio, VentureStudio Ahmedabad University, Ideashacks Investor Network, ACT Capital Foundation, Social Innovation Lab (CITI Bank–IIT Kanpur), and several angel investors.

Founded by Abhimanyu Rathi, with Yogendra Panchal, Shilpi Saboo and Kaushik Gupta in the leadership team, RenewCred aims to build the core market infrastructure enabling high-integrity carbon credits in India. Unlike traditional systems, RenewCred focuses on non-nature-based methodologies, including biochar, EV fleets, renewable energy, methane reduction, clean fuels, and industrial decarbonisation, categories that are becoming critical as global carbon standards evolve.

RenewCred’s long-term vision is ambitious: to remove 2.0 gigatons of greenhouse gas emissions from the atmosphere within 14 years.

A Technology-Native Carbon Market for India

At the centre of the company’s innovation is Net Zero, its proprietary digital Monitoring, Reporting, and Verification (MRV) platform. It integrates live data streams, scientific models, and automated verification systems to track every individual carbon credit in real time.

Compared to legacy carbon registries, RenewCred’s platform achieves:

• 75% faster verification cycles

• Over 50% lower transaction costs

• Higher transparency, traceability, and auditability

A network of domain scientists co-develop methodologies, validate assumptions, and ensure all issued credits meet strict global scrutiny. RenewCred will issue its first batch of carbon credits this quarter, marking a major step in operationalising a fully Indian digital carbon market ecosystem.

Leadership Speaks

Abhimanyu Rathi, Founder & CEO, RenewCred, said:
“Carbon markets suffer from structural issues- low trust, opaque data, slow verification, high costs, and fragmented accountability. RenewCred is built to solve exactly these failures. With rigorous science, transparent standards, and a real-time registry, we aim to deliver carbon credits that buyers and regulators can trust.”

Chandran Krishnan, Managing Director, Campus Angels Network, noted:
“RenewCred understands the gaps in carbon markets and is building critical, technology-led infrastructure. Their solution is highly relevant for India’s evolving climate and compliance landscape.”

Ashok Subramanian, Managing Partner, Kairos Early Opportunity Fund, added:
“High-quality carbon markets will be powered by technology. RenewCred’s focus on non-nature-based credits and real-time data positions them strongly for global market requirements.”

Looking Ahead

Over the next 9–12 months, RenewCred will focus on:

• Expanding its library of non-nature-based credit methodologies

• Scaling its Net Zero MRV and registry platform

• Strengthening its scientific advisory network

• Onboarding project developers and global carbon-credit buyers

• Positioning India as a reliable source of high-integrity, technology-verified carbon credits

As voluntary carbon markets tighten and demand for transparent credits increases, RenewCred is building foundational infrastructure engineered for speed, integrity, and verifiable trust- positioning India at the forefront of global net-zero innovation.

By: Shivani Solanki