In a funding round led by Avaana Capital, the agri-biotech startup GreenGrahi has raised Rs 32 crore ($3.73 million). Huddle, Campus Fund, Blume Founders Fund, and angel investors Nitin Sharma of Nexus Venture and Sameer Brij Verma of Northpoint Capital also participated in the round.
The additional funds will be used to develop its platform for insect biomanufacturing, hire new personnel, and promote global expansion.
In July 2023, Campus Fund provided the Bengaluru-based startup with undisclosed pre-seed funding.
GreenGrahi, which was founded in 2021 by Siddharth Sharma and Shivali Sugand, uses biotechnology and engineering to produce high-quality insect-based ingredients and supplements for the nutrition of plants and animals. Using agricultural by-products from partner FMCG companies and agri-input suppliers, it operates on a circular model.
In order to improve crop resilience and soil health, the company also manufactures biopesticides, biostimulants, and biofertilizers.
Over ten clients in the animal and plant nutrition sectors are served by the B2B platform. The startup anticipates that 30–35% of its business will come from entering markets like the US, UK, and EU and growing its scientific team.
