Varsha Ashwathi was born on 22 April to a Tamil family in West Bengal. At age of 4 she shifted with her family to Tuticorin, in Tamil Nadu. Her father Rakesh Awasthi is a marine engineer. She has two siblings, Rohan, a marine engineer and Sai Karan who is doing 10th. She passed her schooling from Holy Cross Anglo Indian Higher Secondary School and college in Chennai. Varsha is trained in Kathak.

Varsha's film career began with award winning director S. P. Jananathan's film Peranmai, in which she played the character of Tulsi an NCC girl, though she had no acting experience. In 2012, Varsha played an IPS Officer 'Agnes' in Neerparavai, where she acted with Nandita Das. Varsha later performed in Nagaraja Cholan MA, MLA. She is currently busy shooting for Tamil films Pani Vizhum Malarvanam, Endrendrum Punnagai^[5] and Kangaroo.^[6] Varsha is all set to debut in the Malayalam film industry with Don’t Worry Be Happy. In the film directed by Shaison Ouseph, she plays a TV anchor of a reality show involving seven married couples.^[1]