Surat-based agritech startup GROWiT India has successfully raised $3 million in a Series A funding round led by GVFL, marking a significant milestone in its mission to transform protective farming. The funding round also saw participation from prominent investors such as Veloce Opportunities Fund, JITO, We Founder Circle, Sunicon Ventures Fund, Progrowth Ventures, and Hyderabad Angels.
The freshly acquired capital is set to fuel GROWiT's expansion plans across India and into emerging markets like Africa. The company aims to deepen its research and development (R&D capabilities) to innovate sustainable farming solutions that address pressing climate challenges faced by farmers.
GROWiT specializes in soil-to-harvest agritech solutions, focusing on protective farming techniques that enhance crop yields while reducing costs. By leveraging cutting-edge technology, the startup is committed to empowering farmers with tools to achieve sustainable agriculture in an era of unpredictable weather patterns.
CEO Saurabh Agarwal expressed optimism about the funding, stating,
'This investment will help us scale our technology infrastructure and bring cost-effective, climate-resilient farming solutions to more farmers across the globe.'
The agritech sector in India has been gaining traction, with startups like GROWiT leading the charge in addressing food security and sustainability. The company's focus on technology-driven farming is expected to play a pivotal role in modernizing agriculture and supporting rural economies.
As GROWiT embarks on this new chapter, the support from GVFL and other investors underscores the growing confidence in agritech innovations. This funding round positions GROWiT as a key player in the mission to revolutionize farming practices for a more resilient future.
Andrew Lee
