Grow Indigo, an agritech firm, has reportedly secured $8 million, or roughly INR 67 crore, as part of a strategic fundraising round in which Mahyco (Maharashtra Hybrid Seeds Co.) and Indigo Ag, two stakeholders, participated.
Read also – Bounteous and Accolite Join Forces, Forming Global Leader in Digital Transformation Services
According to the company, the capital raised will be used to further the possibilities of sustainable agriculture, as reported by BW Disrupt.
The business runs a carbon farming platform specifically designed for India’s smallholder farmers.
Read also – [Funding alert] Wiz Freight Secures $15 Mn in Ongoing Series B Funding Round
The platform consists of four carbon projects that are implemented in 13 states and have a combined goal of reducing or eliminating 20 metric tons of CO2 emissions from the agriculture sector per year.
About Grow Indigo
Mahyco Grow and Indigo Ag founded Grow Indigo in 2018. They prosper by leveraging the technological ingenuity of the two dominant players in the market to optimize the advantages for farmers. Their main goal is to help farmers overcome the obstacles they encounter daily so they may increase yields, increase income, and adopt sustainable farming methods.
Read also – Swiggy Appoints HUL’s Ashwath Swaminathan for Growth and Marketing
