In a funding round headed 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 firm with undisclosed pre-seed capital.
GreenGrahi, which was founded in 2021 by Siddharth Sharma and Shivali Sugand, uses biotechnology and engineering to provide high-quality insect-based components 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 basis.
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 including the US, UK, and EU and growing its scientific team.
Recently, the parent company of the skill-training platform Emversity, Beyond Odds Technologies, has raised $5 million in its pre-Series A investment round, which is being headed by Lightspeed and Z47 and includes Alteria Capital and Innoven Capital.
Beyond Odds Technologies was founded in April 2024 by Vivek Sinha, the former Chief Operating Officer (COO) of Unacademy, with an initial investment of $11 million. Lightspeed and Matrix Partners India lead the seed fundraising round.
