Agri-Biotech Startup Greengrahi Raises Rs 32 Crore, Led by Avaana Capital
Agri-biotech startup GreenGrahi has successfully secured Rs32 crore ($3.73 million) in a seed funding round led by Avaana Capital, a venture capital fund focused on early-stage climate and sustainability initiatives. The funding round also saw contributions from Huddle Ventures, Campus Fund, Blume Founders Fund, and several angel investors, including Nitin Sharma from Nexus Ventures, Anchit Gupta from Samara Capital, David Chen from Equilibrium Capital, and Sameer Brij Verma from Northpoint Capital.
The funds will be utilized to establish a domestic Black Soldier Fly (BSF) factory capable of processing approximately 150 tonnes of feedstock daily. Additionally, the company aims to expand its workforce and penetrate international markets, including the United States, United Kingdom, and the European Union.
Founded by Shivali Sugand and Siddharth Sharma, GreenGrahi is creating an insect biotechnology platform centered around BSF and its microbiome. The company produces high-quality insect proteins, functional oils, and hydrolysates for aquaculture, poultry, and pet industries, and is already supplying partners in the shrimp, poultry, and pet food sectors.
In parallel, GreenGrahi has developed a new generation of biological agricultural inputs, including biofertilizers, biostimulants, and biopesticides, which enhance soil health, increase crop resilience and yield, and reduce reliance on chemical fertilizers and pesticides, as stated by the company.
"As wild fish populations continue to dwindle and the demand for protein increases, the pressure on aquafeed and livestock inputs will only intensify. We are creating a platform that provides high-quality, science-based feed and agricultural inputs that are accessible, affordable, and scalable for global markets," said Siddharth Sharma, co-founder of GreenGrahi.
The funds will be utilized to establish a domestic Black Soldier Fly (BSF) factory capable of processing approximately 150 tonnes of feedstock daily. Additionally, the company aims to expand its workforce and penetrate international markets, including the United States, United Kingdom, and the European Union.
Founded by Shivali Sugand and Siddharth Sharma, GreenGrahi is creating an insect biotechnology platform centered around BSF and its microbiome. The company produces high-quality insect proteins, functional oils, and hydrolysates for aquaculture, poultry, and pet industries, and is already supplying partners in the shrimp, poultry, and pet food sectors.
In parallel, GreenGrahi has developed a new generation of biological agricultural inputs, including biofertilizers, biostimulants, and biopesticides, which enhance soil health, increase crop resilience and yield, and reduce reliance on chemical fertilizers and pesticides, as stated by the company.
"As wild fish populations continue to dwindle and the demand for protein increases, the pressure on aquafeed and livestock inputs will only intensify. We are creating a platform that provides high-quality, science-based feed and agricultural inputs that are accessible, affordable, and scalable for global markets," said Siddharth Sharma, co-founder of GreenGrahi.
