Agritech Startup Growcoms raises $1.1 million in its Series A funding round from Kerala Startup Mission and incubated at Indigram Labs Foundation.
The startup plans to use the funds to expand the tech platform and expand its market reach. In addition, it intends to facilitate cross-border trade and strengthen traceability and transparency of the spice value chain.
Kochi-based Growcoms was founded in 2021 by George Kurian Kannanthanam, Bibin Mathews, and Narendranath P, It focuses on creating awareness among farmers about enhancing the quality of produce and thus getting the right price for their produce.
The startup aims to provide technology-based solutions to some of the major issues in the B2B domain of spices.
“The company focuses on raising farmer awareness about improving product quality and thus earning the best price for their products. Growcoms aims to become a one-stop shop for Indian spices and value-added products, popularising them globally via the use of technology. The company also provides agronomy, product development, and market connections”, said, Kurian Kannanthanam, founder and CEO of Growcoms.
Chinmaya Sharma, partner at Info Edge stated, “We feel that the Growcoms team is well positioned to meet the needs of domestic and international spice and oleoresin buyers. We are eager to work with the team to solve fragmentation in the spice supply chain by aggregating spare capacity, strengthening market linkages for the unorganised sector, and introducing product traceability for international trade.”
Growcoms Private Limited was born from the idea for the need to consolidate the value chain in the agri-commodity industry, providing transparency and traceability to the customers.
Founded in 2020, Growcoms comes with a collective people work experience of more than 15 years in the agri-commodity export industry.
The need to provide flexibility to the buyer for choosing the correct partner in the value chain, is the main thought behind Growcoms.
They at Growcoms Private Limited are committed to making it easier for our clients to choose supplier at any level of the value chain, be at the farm level or for third party manufacturing or for shipments.
They will ensure that the quality of the product specification, the sensory parameters and the requisites of the importing country norms are met with.