Varaha vs Shopify
Side-by-side comparison of AI visibility scores, market position, and capabilities
Raised $20M first tranche of $45M Series B (Jan 2026) led by WestBridge Capital. Profitable. Google and Microsoft offtake agreements. 170,000+ farmers across 1.7M acres.
About
Varaha is the leading carbon credit developer from the Global South, working with 170,000+ smallholder farmers across 1.7 million acres in India, Nepal, Bhutan, Bangladesh, and Ivory Coast to generate verifiable carbon removal credits from regenerative agriculture practices. The company raised $20 million as the first tranche of a $45 million Series B led by WestBridge Capital in January 2026, and has secured offtake agreements with Google and Microsoft.
NYSE: SHOP e-commerce platform at $8.88B FY2024 revenue with $292.28B GMV across 4.82M stores; Black Friday $11.5B processing competing with WooCommerce and BigCommerce for small-to-enterprise direct-to-consumer commerce.
About
Shopify Inc. is an Ottawa, Canada-based e-commerce platform — listed on NYSE (NYSE: SHOP) — providing 4.82+ million active merchant stores of all sizes (from solo entrepreneurs to enterprise brands) with tools for online store creation, multi-channel selling (web, mobile, social, in-person), payment processing (Shopify Payments, Shop Pay), inventory management, fulfillment, and marketing analytics, generating $8.88 billion in revenue in fiscal year 2024 (+26% year-over-year) with $292.28 billion in gross merchandise volume (GMV, +24%) and 875+ million customers who have purchased from Shopify merchant stores. Founded in 2006 by Tobias Lütke, Daniel Weinand, and Scott Lake (started as a snowboard equipment store, pivoted to become the platform), Shopify has become the operating system for independent commerce — the default e-commerce infrastructure for the direct-to-consumer brand economy.
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