Agritech startup Grow Indigo raised $10 M from British International Investment
British International Investment (BII), the UK’s development finance organization and impact investor, has contributed $10 million to the agritech startup Grow Indigo.
The money raised will help Grow Indigo’s sustainability initiatives spread more quickly throughout India.
Grow Indigo encourages environmentally friendly practices like direct-seeded rice and no-tillage farming, which benefit women farmers in particular by improving soil health and reducing erosion, conserving biodiversity, increasing water efficiency, and reducing manual labor.
According to the company, it has already enrolled more than 2.5 million acres of smallholder farmland in seven states.
In order to support sustainable sourcing and lower supply chain emissions, Grow Indigo also collaborates with food and fashion companies.
It offers products from seed treatment to harvest and is present in 16 states with more than 2000 distribution partners and a 600-foot-on-ground team.
