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 ₹4.25 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 from Surat and Yogendra Panchal from Ahmedabad, 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.
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 4X, lower transaction costs by over 50%, and significantly improve trust and auditability.
