IORA raises Rs 8.5 Cr funding from Caspian Debt

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Here is a summary based on the provided information:

Startup Information

  • Startup: Iora Ecological Solutions (IORA)
  • Founded: 2009
  • Founder: Swapan Mehra

Fundraising Details

  • Funding Amount: Rs 8.5 crore (approximately $1 million)
  • Funding Type: Debt funding
  • Investor: Caspian Impact Investments (Caspian Debt)
  • Fundraise Series: Not specified
  • Date: Not specified in the provided text

Purpose of Funding

  • The funds are aimed at scaling the MegCare agroforestry and land restoration program in Meghalaya.

Impact

  • The MegCare program is expected to benefit 80,000 smallholder farmers across Meghalaya through a carbon finance model.

Geographic Reach

  • IORA’s solutions impact 20 million hectares across 27 Indian states, two union territories, and several countries in Southeast Asia, Africa, and South America.

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2025-07-02 09:53:02