Iora Ecological Solutions (IORA), a company that works on nature-based solutions to fight climate change and protect the environment, has raised INR 8.5 crore (about $1 million).
This funding came as a loan from Caspian Impact Investments, also known as Caspian Debt.
IORA said the funds will be used to grow its MegCare program in Meghalaya. This program focuses on agroforestry and land restoration.
The goal is to bring back damaged land, increase forest cover, and help rural communities earn a better living through sustainable farming methods.
IORA was founded in 2009 by Swapan Mehra. It is an environmental advisory firm with expertise in environmental finance, policy, scientific research, and project execution.
Over the past 15 years, the company has completed more than 200 projects around the world. These projects focus on conservation, managing natural resources, and tackling climate change through both prevention and adaptation.
IORA says its MegCare program will support 80,000 small farmers in Meghalaya. It uses a carbon finance model that helps restore nature while also creating steady income for the farmers.
The company also says its work in climate change, farming, forests, and wildlife conservation covers 20 million hectares across 27 Indian states, 2 union territories, and several countries in Southeast Asia, Africa, and South America.
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