Mirova, the French climate-focused investment firm backed by Kering and other corporate heavyweights, has invested $30.5 million (€26.4 million) in Indian climate tech startup Varaha. This investment will help to expand the startup's regenerative farming program, supporting hundreds of thousands of smallholder farmers in northern India. The deal marks Mirova's first carbon investment in India, but its structure is unusual. Rather than taking equity, the Paris-based firm is investing cash, and will get a share of the carbon credits generated in return over time.
It's a steady drumbeat the Marin-based entrepreneur, podcaster, and founder of media company and global network NextGen Purpose has played for the last decadeone we in the U.S. have long needed to hear. But Reichman's mission isn't just about building sustainability in our food and agricultural systems. The conversation extends beyond food to the intersection of food and fashion, beauty, planet, health, and lifestyle. All these things play a role.
It was all too easy to while away a whole day at Spier Hotel. I started one cool spring morning with a swim in the lap pool, steam rising from the heated water, the moon still high in the sky. I spent a couple of hours in the new spa, with its indulgent bathhouse. And later, I sipped South African Méthode Cap Classique sparkling wine at the rooftop bar, overlooking mountains painted pink by the setting sun.