K. Varalakshmi (Telugu: కె.వరలక్ష్మి; born 24 October 1948) is a Telugu short story writer. She was born in Jaggampeta, East Godavari, Andhra Pradesh. She is the eldest daughter of Palla Venkata Ramana and Bangaramma. Her schooling was completed in Jaggampeta. Once financially settled, she finished her M.A. from Andhra University.