GreenGrahi Raises Rs 32 Cr Funding Led by Avaana Capital

GreenGrahi, an agri-biotech startup has raised Rs 32 crore (around $3.73 million) in a funding round led Avaana Capital. 

Other investors including Huddle, Campus Fund, Blume Founders Fund, and angel investors, including Nexus Venture’s Nitin Sharma and Northpoint Capital’s Sameer Brij Verma, also participated in this round.

The fresh funds will be used to improve its insect biomanufacturing platform, hire more talent and support international growth.

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In July 2023, GreenGrahi raised an undisclosed amount in pre-seed round from Campus Fund.

“Scale-up and global expansion are on the commercial side, but on the R&D side, our team is continuously working to extract more and more beneficial ingredients from the insect,” said Siddharth Sharma, cofounder of GreenGrahi.

“From these 10 customers alone, we have Rs 560 crore in demand. But the challenge lies more on the production side—we need to scale up fast enough to meet this demand," he added.

Shruti Srivastava, investment director at Avaana Capital, said, “Their proprietary insect biotechnology and bioprocessing platform enables the production of high-performance, cost-efficient ingredients at scale—helping build resilient food supply chains for global food security through science-backed, market-ready solutions.”

About GreenGrahi 

Founded in 2021 by Siddharth Sharma and Shivali Sugand, the Bengaluru-based GreenGrahi uses biotechnology and engineering to produce high-quality insect-based ingredients and supplements for animal and plant nutrition. The company follows a circular approach, using agricultural by-products from FMCG and agri-input partners.

It also makes biofertilizers, biostimulants and biopesticides to improve soil health and crop resilience.

The B2B platform works with over 10 clients in animal and plant nutrition. 

The startup plans to grow its scientific team and expand into markets like the US, UK, and EU, which could make up 30–35% of its business.

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