Agritech startup Grow Indigo raises over $6 million in funding

Agritech startup Grow Indigo has raised over $6 million in the recent funding round with a cumulative capital raise thus far of over $13 million, the company informed through a media release.

The round saw interest from investors globally including participation from Indigo AG, Mahyco and HNIs.

“Grow Indigo has conceptualized the concept of farming carbon as a crop for small holder farmers in India. When implemented on 120 million acres of cropland in India, a 1% increase in soil carbon would remove 7+ gigaton carbon dioxide equivalent from the atmosphere,” the company said.

Launched in 2021, the company expects to enroll over 3.5 million acres in the next two years.

“With sustainability at its core, Grow Indigo will continue to scale-up carbon farming in India”, said, Usha Barwale Zehr, Executive Chairman of Grow Indigo.

The company said it has a team of 200 agronomists, data scientists, engineers, sales team and researchers committed to solving the climate crises through agricultural interventions.

Discover the stories of your interest

The Mumbai-based company further said that it has invested significantly to build a library of useful microbes,

which enables farmers to reduce their chemical inputs and increase their ability to generate carbon credits.

Stay on top of technology and startup news that matters. Subscribe to our daily newsletter for the latest and must-read tech news, delivered straight to your inbox.

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Eid-ul-Fitr moon sighting highlights: Saudi Arabia, India may mark Eid same day

Eid-ul-Fitr 2022 moon sighting highlights: There is a wafer-thin chance that Muslims…

As Washington ramps up efforts to bring India on board with sanctions against Russia, U.S. treasury official on visit to Mumbai and Delhi

U.S. Assistant Secretary to discuss Russian oil purchases by India, rupee-rouble trade…

सड़क, रेल, 5G… अरुणाचल बॉर्डर से सटे तिब्‍बत में क्‍या-क्‍या गुल खिला रहा चीन, सेना ने सब बताया

Edited by दीपक वर्मा | भाषा | Updated: May 17, 2022, 1:08…

India Shelves ₹35,000 Cr Plan To Upgrade Su-30 Fighter Fleet Amid Russia-ukraine War | Mint

NEW DELHI : Several factors have shelved the Indian Air Force’s plan…