New Delhi, Feb. 4 -- WestBridge Capital, a US- and India-focused early-to-growth-stage investment firm, is betting big on climate tech to become a large, for-profit opportunity for investors in the coming decade. The firm has backed Gurugram-based Varaha, a developer of high-integrity carbon removal projects, and led the $20 million Series B funding round.

The new capital will accelerate Varaha's geographic expansion, strengthen its scientific and measurement, reporting and verification (MRV) capabilities, and scale a new industrial partnership model that extends its capabilities to partners worldwide, the firm said.

WestBridge, along with Varaha's existing investors Omnivore and RTP Global, will also pump in another $25 million as part...