logo
GROWiT Raises USD 3 Mn to Power the Future of Protective Farming

GROWiT Raises USD 3 Mn to Power the Future of Protective Farming

Entrepreneur28-05-2025
The Series A funding round was led by GVFL, with participation from Veloce Opportunities Fund, JITO, We Founder Circle, Sunicon Ventures Fund, Progrowth Ventures, and Hyderabad Angels.
You're reading Entrepreneur India, an international franchise of Entrepreneur Media.
Agritech startup GROWiT India Pvt Ltd has successfully raised USD 3 million in a Series A funding round led by GVFL, with participation from Veloce Opportunities Fund, JITO, We Founder Circle, Sunicon Ventures Fund, Progrowth Ventures, and Hyderabad Angels.
The capital infusion will be strategically deployed to support GROWiT's aggressive expansion, bolster R&D efforts, and enhance its technology infrastructure. This will enable the company to serve farmers better while also expanding its footprint in India and emerging markets like Africa.
"They are making climate-friendly, sustainable farming methods more affordable and effective," said Mihir Joshi, Managing Director, GVFL. "We see GROWiT as a strong player emerging in this segment."
GROWiT was founded in 2020 by Akshay Agarwal and Saurabh Agarwal, with a mission to revolutionise farming through sustainable, accessible technologies.
Surat-based startup is a pioneer in protective farming, delivering soil-to-harvest agritech solutions. Its products and services include:
Mulch Films, Crop Covers, Weed Mats – to protect crops and improve yields
– to protect crops and improve yields Pocket-Friendly Soil Testing Device – launched in April 2025, offering soil composition insights and crop recommendations
– launched in April 2025, offering soil composition insights and crop recommendations A vast on-ground franchise network of 650+ outlets
A reach of over 2,25,000 farmers across 12 states
Saurabh Agarwal, Founder and CEO, said, "With climate change emerging as a huge challenge, our goal is to make technology accessible and affordable. Our tools are designed to optimize productivity, cut input costs, and drive sustainable farming practices."
The startup claims to have witnessed a CAGR of 50–60% over the last three years and continues to see yield improvements of 40–100% in areas where its solutions have been adopted. Its blend of field engagement and research-driven innovation has set a new standard in operational excellence.
Looking ahead, GROWiT aims to double India's farm output by 2030, positioning itself as a one-stop, climate-resilient solution hub for farmers.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Telkom South Africa Successfully Modernizes its Legacy Business Support Systems with Amdocs' Cloud-Native Customer Experience Suite
Telkom South Africa Successfully Modernizes its Legacy Business Support Systems with Amdocs' Cloud-Native Customer Experience Suite

Yahoo

time29 minutes ago

  • Yahoo

Telkom South Africa Successfully Modernizes its Legacy Business Support Systems with Amdocs' Cloud-Native Customer Experience Suite

Transformation enables innovation, agility, and a next-gen customer experience for approximately 25 million subscribers JERSEY CITY, NJ / / August 6, 2025 / Amdocs (NASDAQ:DOX), a leading provider of software and services for communications and media companies, announced today the successful completion of a major business support systems (BSS) transformation with Telkom South Africa. The South African service provider upgraded its legacy BSS to Amdocs Customer Experience Suite (CES), Amdocs' cloud-native, modular platform, now supporting approximately 25 million mobile and wireline customers. The transformation delivers a future-ready digital foundation that is scalable, secure, and designed to accelerate innovation. With cloud-native architecture, open APIs, and 5G-ready capabilities, Telkom South Africa can now launch new services faster, simplify operations, and deliver a more seamless, personalized customer experience across digital and assisted channels. This marks a critical step in Telkom South Africa's long-term strategy to become a more agile, data-driven business aligned to the evolving needs of its customers. As part of the transformation, Telkom South Africa will benefit from unified digital commerce and care journeys built by Amdocs Studios, Amdocs' high-end digital services offering, including a complete microservices layer and user interface accelerators for faster time to market and deeper customer engagement. The modernized platform empowers the business to operate with enhanced flexibility, while paving the way for ongoing innovation and growth. "This program is not just a modernization - it's a foundation for Telkom South Africa's digital future," said Dr. Noxolo Dlamini-Kumalo, Chief Digital and Information Officer at Telkom South Africa. "Our collaboration with Amdocs has been central to its success. Together, we've created a platform that enables us to engage customers more deeply, move faster in the market, and position us at the forefront of digital innovation in Africa." "At Amdocs, we are proud to stand alongside Telkom South Africa as a strategic partner on this bold journey," said Anthony Goonetilleke, Group President of Technology and Head of Strategy at Amdocs. "This transformation is not only a significant milestone for Telkom South Africa, but a clear example of how cloud-native platforms and open architecture are enabling the communications industry to reimagine customer engagement, embrace 5G, and unlock new revenue opportunities." Supporting Resources Learn more about Amdocs Studios, here Read about Amdocs Customer Experience Suite, here Keep up with Amdocs news by visiting the company's website Follow us on X, Facebook, LinkedIn, and YouTube About Amdocs Amdocs helps those who build the future to make it amazing. With our market-leading portfolio of software products and services, we unlock our customers' innovative potential, empowering them to provide next-generation communication and media experiences for both the individual end user and enterprise customers. Our employees around the globe are here to accelerate service providers' migration to the cloud, enable them to differentiate in the 5G era, and digitalize and automate their operations. Listed on the NASDAQ Global Select Market, Amdocs had revenue of $5.00 billion in fiscal 2024. For more information, visit Amdocs' Forward-Looking Statement This press release includes information that constitutes forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, including statements about Amdocs' growth and business results in future quarters and years. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations will not be material. Such statements involve risks and uncertainties that may cause future results to differ from those anticipated. These risks include, but are not limited to, the effects of general macroeconomic conditions, prevailing level of macroeconomic, business and operational uncertainty, including as a result of geopolitical events or other regional events or pandemics, changes to trade policies including tariffs and trade restrictions, as well as the current inflationary environment, and the effects of these conditions on the Company's customers' businesses and levels of business activity, including the effect of the current economic uncertainty and industry pressure on the spending decisions of the Company's customers. Amdocs' ability to grow in the business markets that it serves, Amdocs' ability to successfully integrate acquired businesses, adverse effects of market competition, rapid technological shifts that may render the Company's products and services obsolete, security incidents, including breaches and cyberattacks to our systems and networks and those of our partners or customers, potential loss of a major customer, our ability to develop long-term relationships with our customers, our ability to successfully and effectively implement artificial intelligence and Generative AI in the Company's offerings and operations, and risks associated with operating businesses in the international market. Amdocs may elect to update these forward-looking statements at some point in the future; however, Amdocs specifically disclaims any obligation to do so. These and other risks are discussed at greater length in Amdocs' filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2024, filed on December 17, 2024, and our Form 6-K furnished for the first quarter of fiscal 2025 on February 18, 2025, and for the second quarter of fiscal 2025 on May 19, 2025. Media Contacts Mario HajiloiziAmdocs Public RelationsE-mail: Katie OwenBabel PR for AmdocsTel: +44 (0) 7490 131475Email: amdocs@ / SOURCE: Amdocs Management Limited View the original press release on ACCESS Newswire Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data

What's a ‘Secondary Tariff' Like the One Trump Imposed on India?
What's a ‘Secondary Tariff' Like the One Trump Imposed on India?

Bloomberg

time29 minutes ago

  • Bloomberg

What's a ‘Secondary Tariff' Like the One Trump Imposed on India?

In his second term as US president, Donald Trump has used tariffs as a blanket solution to pursue a wide range of goals: increasing domestic manufacturing and foreign market access, boosting federal revenue, and even punishing the government of Brazil for prosecuting his political ally, former President Jair Bolsonaro. Now he's deployed a tool he calls a 'secondary tariff' in an effort to get countries to distance themselves from US adversaries. On Aug. 6, Trump announced that such a tariff on imports from India would take effect in 21 days. On top of an existing 25% levy on goods from India, he added an additional 25% tariff to penalize India for buying oil from Russia.

Apple set to dodge bulk of India tariffs
Apple set to dodge bulk of India tariffs

Yahoo

timean hour ago

  • Yahoo

Apple set to dodge bulk of India tariffs

Apple (AAPL) is set to largely escape the Trump administration's upcoming promise of 50% tariff on goods made in India destined for the US. A White House official confirmed Wednesday that Apple's semiconductor-powered devices, which include its iPhone, will be unaffected by Trump's 25% 'reciprocal' tariffs set to go into effect Thursday. The same goes for an upcoming promise of an additional 25% levy related to India's use of Russian oil that is set to be in place in about 3 weeks' time. IPhones and other similar products will be subject to a separate tariff authority which has not yet been unveiled. Apple said during its most recent earnings call that it made the majority of its US-bound iPhones in India. The news comes after The White House announced that Apple will announce an additional $100 billion investment in US manufacturing during a 4:30 pm ET press event Wednesday. That's in addition to the $500 billion Apple said earlier this year it would invest in the country. Trump has criticized Apple's decision to move manufacturing from China to India and not the US, saying during his May trip to the Middle East that he had a 'little problem' with CEO Tim Cook. Other Trump administration officials have also lambasted Apple for not producing its phones in the US, with trade adviser Peter Navarro calling it the 'longest-running soap opera in Silicon Valley,' during a July interview with CNBC. But according to experts, it would take years for Apple to stand up a smartphone supply chain base in the US. What's more, there are no phone manufacturers in the country and not enough workers to fill the necessary roles. Todd Weaver, developer of Purism's Liberty Phone, a privacy-centric smartphone that uses US-built electronics, says it took his company years to set up the facilities and source the necessary components to ensure the phone's processing and communications features all come from America. Even so, he explained, the phone's body is still made overseas. Apple began expanding its supply chain beyond China following the lockdowns and disruptions caused by the COVID-19 pandemic. But it started specifically concentrating US iPhone manufacturing in India to avoid Trump's tariffs on Chinese goods. Apple hasn't been entirely immune from the impact of tariffs, though. In Q3, the company said it took an $800 million hit from Trump's levies and it expects an additional $1.1 billion in charges in the fourth quarter. While Apple might be able to dodge tariffs on goods out of India, the company isn't entirely out of the woods. The Trump administration is expected to unveil the results of its Section 232 investigation into semiconductor tariffs, which could impact everything from smartphones to automobiles. The exact timing for the tariff announcement is still up in the air, but Trump has said he could reveal them as soon as next week. Email Daniel Howley at dhowley@ Follow him on X/Twitter at @DanielHowley. Sign in to access your portfolio

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store