Agritech Startup Grow Indigo Raises $10Mn From British International Investment

Grow Indigo, an agritech firm has raised $10 million in funding from British International Investment (BII), the UK’s development finance institution and impact investor.

The startup plans to use the funds to speed up the expansion of its sustainability programs across india.

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"Regenerative agriculture is the future of farming, not only for improving soil health, conserving water but also for creating improved livelihoods for millions of smallholder farmers," said Dr. Usha Barwale Zehr, Executive Director of Grow Indigo. 

 "With this funding, we will accelerate farmer enrollment and scale carbon farming initiatives. Maintaining integrity of the sustainability outcomes, by way of carbon credits and Scope 3 emission reductions, is of utmost importance to us and will bring maximum value to farmers with our science-backed MRV offerings. We are thrilled to be partnering with BII to pursue these critical objectives for India’s sustainability objectives," she added.

Srini Nagarajan, Managing Director and Head of Asia at BII, said: “Rice, wheat, and maize are staple foods in India, cultivated by numerous smallholder farmers who are vulnerable to the impacts of climate change. Through our innovative pools of capital, we are proud to support pioneering businesses like Grow Indigo that address adoption barriers by harnessing the potential of carbon markets. This initiative not only reduces carbon emissions but also enhances farmers’ climate resilience and increases their incomes. This is aligned with the Government’s policies to support regenerative agri practices.”

About Grow Indigo

Founded in 2018 by Mahyco and Indigo Ag, USA, Grow Indigo is leading the carbon farming movement, with over 2.5 million acres of smallholder farmland enrolled in seven states.

Operating in 16 states with over 2,000 distribution partners and 600 field staff, the company offers agricultural solutions from seed treatment to harvest.

The startup promotes eco-friendly farming methods like direct-seeded rice and no-tillage farming to improve soil health, save water and cut emissions. 

By connecting farmers to carbon markets, Grow Indigo helps them earn money from soil carbon credits with most of the revenue going directly to farmers. Its measurement systems ensure transparency for companies looking for sustainable supply chains.

With four carbon farming projects underway and the first carbon credits coming soon, Grow Indigo plans to enroll millions of farmers and acres within two years.

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