Agri-biotech Startup GreenGrahi Secures Funding for Insect Biomanufacturing

GreenGrahi, an agri-biotech startup, has successfully secured Rs 32 crore ($3.73 million) in a funding round spearheaded by Avaana Capital. This funding round also included contributions from Huddle, Campus Fund, Blume Founders Fund, along with individual investors such as Nitin Sharma from Nexus Venture and Sameer Brij Verma of Northpoint Capital.

Investment to Boost Insect Biomanufacturing and International Growth

The recently acquired funds will be utilized to further enhance the startup’s insect biomanufacturing platform, attract new talents, and foster international expansion.

Previous Funding and Company Background

Previously, in July 2023, the Bengaluru-based startup obtained undisclosed pre-seed funding from Campus Fund. Established in 2021 by Siddharth Sharma and Shivali Sugand, GreenGrahi integrates biotechnology and engineering to develop high-quality insect-derived ingredients and supplements aimed at animal and plant nutrition.

Circular Model and Additional Offerings

GreenGrahi operates on a circular model that makes use of agricultural by-products sourced from partner FMCG companies and agri-input providers. The startup also manufactures biofertilisers, biostimulants, and biopesticides to enhance soil health and crop resilience.

Client Base and Future Plans

The company’s B2B platform caters to over 10 clients in the animal and plant nutrition sectors. Looking ahead, GreenGrahi aims to expand its scientific team and penetrate markets such as the US, UK, and EU, which are projected to account for 30–35% of its revenue.