Growcoms, a spice tech company, has successfully raised $3.5 million in a new funding round. This funding round was co-led by JSW Ventures and Arali Ventures, with participation from existing investor InfoEdge Ventures. Notably, Growcoms had previously secured $1 million from InfoEdge Ventures, further emphasizing the company's growth and potential in the market. This marks the first investment for both JSW Ventures and Arali Ventures in the agritech sector, signifying their trust in Growcoms' vision and mission.

Growcoms, established in 2020 by Co-Founders George Kurian Kannanthanam, Narendranath P, and Bibin Mathews, has set out to revolutionize the spice value chain. They plan to optimize production capabilities, empower farmers, and provide traceable spices to global markets through digital means. The company aims to develop key capabilities that will enable traceability for spice exports and value-added products. The recently acquired funds will play a crucial role in enhancing their product portfolio and technology stacks, helping them achieve their goals.

Growcoms has made remarkable progress in expanding its operations over the past two years. The company has created sourcing hubs in major spice-producing regions and identified trusted suppliers to transform raw materials into value-added spices. This enables them to meet the growing demand from markets worldwide. Currently, Growcoms caters to a diverse range of customers, including food companies, flavor houses, FMCG companies, and seasoning brands. Its commitment to quality and traceability has made it a valuable partner in the spice industry. It's worth noting that Indigram Labs incubated Growcoms in 2021, further highlighting its dedication to innovation and growth in the agritech sector.