IORA raises Rs 8.5 crore to scale green economy afforestation program in the Northeast

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Here’s the information extracted from the provided text:

Funds:

  • Caspian Impact Investments (Caspian Debt)

Investors:

  • Caspian Impact Investments
  • Rabo Foundation
  • Rabobank’s ACORN platform

Startup:

  • Iora Ecological Solutions

Founders:

  • Swapan Mehra (Founder and CEO of Iora Ecological Solutions)

Fundraise Series:

  • Debt funding

Amount Raised:

  • Rs 8.5 crore (or $1 million)

Date of Fundraise:

  • Not specified in the provided text.

Additional Information:

  • The funding will be used for the MegCare agroforestry and land restoration program in Meghalaya.
  • This debt deal is one of the first in India underwritten against future Carbon Removal Units (CRUs).
  • The MegCare program spans 1,50,000 hectares and is designed to sequester over 25 million tonnes of CO₂.

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2025-07-02 13:02:29