GreenGrahi, an innovative agri-biotech startup, has successfully raised Rs 32 crore ($3.73 million) in its latest funding round, led by Avaana Capital. The round also attracted participation from Huddle, Campus Fund, Blume Founders Fund, and angel investors, including Nitin Sharma from Nexus Ventures and Sameer Brij Verma from Northpoint Capital.
The Bengaluru-based startup, founded in 2021 by Siddharth Sharma and Shivali Sugand, is focused on leveraging biotechnology and engineering to create insect-based ingredients and supplements that enhance animal and plant nutrition. GreenGrahi follows a unique circular model, utilizing agricultural by-products sourced from partner FMCG firms and agri-input providers, contributing to sustainability and resource optimization.
With this fresh infusion of capital, GreenGrahi plans to strengthen its insect biomanufacturing platform, recruit additional talent, and accelerate its international expansion into markets such as the US, UK, and the EU, where it aims to generate 30–35% of its business.
The startup also produces biofertilisers, biostimulants, and biopesticides, promoting healthier soils and more resilient crops. Currently, GreenGrahi serves over 10 clients in the animal and plant nutrition sectors.
This funding follows a successful pre-seed investment from Campus Fund in July 2023, and the latest round marks a pivotal moment in GreenGrahi’s journey as it pushes forward with its mission to revolutionize the agricultural industry with sustainable biotech solutions.
