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Reading: Protecting Farming Agritech Firm GROWiT Raises $3 Million in Sequence A Spherical led by GVFL
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StockWaves > Business > Protecting Farming Agritech Firm GROWiT Raises $3 Million in Sequence A Spherical led by GVFL
Business

Protecting Farming Agritech Firm GROWiT Raises $3 Million in Sequence A Spherical led by GVFL

StockWaves By StockWaves Last updated: May 28, 2025 7 Min Read
Protecting Farming Agritech Firm GROWiT Raises  Million in Sequence A Spherical led by GVFL
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Contents
About GROWiT:About GVFL:
  • Spherical additionally noticed participation from Veloce Alternatives Fund, JITO, We Founder Circle, Sunicon Ventures Fund, Progrowth Ventures and Hyderabad Angels
  • Surat-based GROWiT is a soil-to-harvest agritech options startup with India presence and ambition to scale throughout Africa and different rising markets.
  • The funds raised might be strategically deployed in direction of GROWiT’s aggressive growth plans, deepening its R&D capabilities, and strengthening its expertise infrastructure
  • GROWiT has grown at 50 – 60% CAGR during the last three years. With this new spherical of funding, the corporate goals to speed up its progress trajectory exponentially within the coming interval
  • GROWiT has to date empowered over 2,25,000 farmers with revolutionary, sustainable, and reasonably priced farming applied sciences
  • GVFL focuses on funding climate-tech, round economic system, and social influence startups and to date has 125+ investments throughout main startup hubs in India.

Surat, twenty eighth Might 2025: Protecting farming Agritech startup GROWiT India has raised $3 million in a Sequence A funding spherical led by GVFL, with participation from Veloce Alternatives Fund, JITO, We Founder Circle, Sunicon Ventures Fund, Progrowth Ventures and Hyderabad Angels.

The funds raised might be directed in direction of GROWiT’s aggressive growth plans, deepening its R&D capabilities, and strengthening its expertise infrastructure to serve farmers extra successfully.

With the present funding, GROWiT plans to enhance home market penetration and increase into worldwide markets by scaling exports to Africa and different rising markets while persevering with to innovate round sustainable, climate-resilient agriculture options which are reasonably priced and accessible to smallholder farmers.

Mihir Joshi, Managing Director, GVFL, stated, “Agriculture in India nonetheless lags behind by way of technological developments. GrowiT has a big innovation product portfolio and pan India distribution channel.

They’re serving to farmers develop extra and earn higher by specializing in fixing these key issues at an reasonably priced price and straightforward accessibility.

They’re making climate-friendly, sustainable farming strategies extra reasonably priced and efficient. As a fund, it is a key focus space for us and we see GROWiT as a robust participant rising on this phase.”

Saurabh Agarwal, Founder & CEO, GROWiT says, “With local weather change rising as an enormous problem within the agriculture sector, it’s important that we construct resilience with the assistance of expertise.

Majority of India nonetheless will depend on agriculture nonetheless the sector continues to be starved of expertise because of it being inaccessible or too costly.

At GROWiT, our dedication is in direction of growing sustainable agriculture with optimization of productiveness by making obtainable reasonably priced instruments like India’s First Pocket-Pleasant Soil Well being Testing Machine, which gives soil composition insights and crop suggestions tailor-made to soil sorts.

GROWiT goals to remodel agriculture by rising yields, reducing enter prices, and driving sustainable farming, positioning us as a complete, one-stop answer for farmers.”

GROWiT has launched India’s First Pocket-Pleasant Soil Testing Machine in April 2025, which acquired an encouraging response from farmers and agri-partners.

Different marquee merchandise embrace Mulch Movies, Crop Covers, Weed Mats, and extra, are designed to optimize crop safety and enhance agricultural productiveness whereas selling sustainable practices.

With over 650+ on-ground franchise networks, their geographic footprint now covers 12 states and has over 2,25,000 farmers benefiting from their services.

GROWiT’s success is fuelled by a convergence of revolutionary expertise, sustainable agricultural practices, and rising consciousness amongst farmers.

Because the farming neighborhood more and more embraces fashionable strategies, the demand for superior protecting options grows, as seen by areas which have built-in such applied sciences report yield enhancements between 40 – 60% and in some circumstances even 100% yield enhance has additionally been witnessed.

The corporate’s intensive area engagement and research-backed method be sure that its choices are finely tuned to deal with the dynamic wants of at this time’s agriculture, setting a brand new benchmark in operational effectivity.

The Indian agritech market is projected to succeed in USD 30–35 billion by 2027. With over 120 million farmers and a push in direction of integrating expertise within the sector, GROWiT is well-positioned to capitalize on this progress by providing revolutionary options that handle the actual challenges confronted by farmers.

About GROWiT:

GROWiT India Pvt Ltd, based in 2020, is a pioneer agritech firm offering Soil-to-Harvest options. With a robust presence throughout 12 states and a quickly rising community of 650+ franchise shops, GROWiT has empowered over 225,000 farmers with revolutionary, sustainable, and reasonably priced farming applied sciences.

GROWiT goals to double India’s farm output by 2030 by empowering farmers with revolutionary, sustainable, and reasonably priced options that enhance productiveness and promote climate-resilient agriculture.

About GVFL:

GVFL (Gujarat Enterprise Finance Restricted) is a Ahmedabad, Gujarat based mostly Enterprise Capital Fund primarily targeted on funding climate-tech, round economic system, and social influence startups.

With over 125 + whole investments and 75 + profitable exits, GVFL has been instrumental in nurturing and scaling revolutionary startups throughout numerous sectors.

GVFL has a various portfolio, investing in sectors comparable to agritech, healthtech, fintech, deep tech, clear tech, protection tech, enterprise tech, and shopper manufacturers.

Disclaimer:- This story has not been edited by SugerMint employees and supplied by the company. SugerMint won’t be accountable in any means for the content material of this story.



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