The investment was led by Avaana Capital with participation from its existing investors and a host of angel investors
The startup plans to deploy the fresh proceeds to build India’s largest Black Soldier Fly (BSF) bio-factory, with a capacity to process 150 tonnes of feedstock daily
Founded in 2021 by Shivali Sugand and Siddharth Sharma, GreenGrahi offers an insect biotech platform that is powered by BSF and microbiome
Agri-biotech startup GreenGrahi has secured INR 32 Cr (around $3.7 Mn) in a seed funding round led by Avaana Capital.
The round also saw participation from existing investors, including Huddle Ventures, Campus Fund, Blume Founders Fund, along with a host of angel investors like Nitin Sharma of Nexus Ventures, Anchit Gupta from Samara Capital and others.
The startup plans to deploy the fresh proceeds to build India’s largest Black Soldier Fly (BSF) bio-factory, with a capacity to process 150 tonnes of feedstock daily.
Additionally, it also looks to strengthen its scientific team while also expanding its global footprint across US, UK and European Union.
Founded in 2021 by Shivali Sugand and Siddharth Sharma, GreenGrahi offers an insect biotech platform that is powered by BSF and microbiome. The startup produces insect proteins, functional oils, and hydrolysates that are essential for aquaculture, poultry, and pets.
The startup also claims to have built biological agri-inputs, including biofertilisers, biostimulants and biopesticides to improve soil health, boost crop resilience and yield and reduce the need for chemical fertilisers and pesticides.
(The story will be updated soon.)
