Varada is from the Sanskrit वरदा (Varadā — boon-giving, bestower of blessings) — from Sanskrit vara (boon/gift) + dā (giver). Varada is one of the Sanskrit feminine names — central to traditional Hindu iconographic heritage. Sanskrit feminine name reflecting Hindu iconographic heritage.
Varada does not currently appear in the US Social Security Administration's top 1,000 girls' names, so we don't publish a US rank or birth count for it. That says nothing about the name's standing elsewhere in the world — only that it sits outside the ranked US data we rely on.
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In Pythagorean numerology the letters of Varada reduce to 2, The Peacemaker. This is a traditional interpretive system, not a factual claim about the name.