Latest news with #GreenGrahi
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Business Standard
24-04-2025
- Business
- Business Standard
Avaana Capital leads $3.8 mn seed round in biotech startup GreenGrahi
The funding will be used to build one of India's largest facilities capable of processing 150 tons of feedstock daily and also expand the scientific team and enter global markets Premium Shruti Srivastava, investment director at Avaana Capital, said GreenGrahi's proprietary insect biotechnology and bioprocessing platform enables the production of high-performance, cost-efficient ingredients at scale. BS Reporter Bengaluru Listen to This Article Avaana Capital has led a Rs 32 crore ($3.8 million) seed funding round in GreenGrahi, a biotech startup developing alternatives to traditional animal feed and chemical agricultural inputs using insect biotechnology. The round also saw participation from existing investors Huddle Ventures, Campus Fund, and Blume Founders Fund. It also included leading angel investors such as Nitin Sharma (Nexus Ventures), Anchit Gupta (Samara Capital), David Chen (Equilibrium Capital), and Sameer Brij Verma (Northpoint Capital). Shruti Srivastava, investment director at Avaana Capital, said GreenGrahi's proprietary insect biotechnology and bioprocessing platform enables the production of high-performance, cost-efficient ingredients at scale. 'This is helping
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Business Standard
24-04-2025
- Business
- Business Standard
Agri-biotech startup GreenGrahi raises Rs 32 crore, led by Avaana Capital
Agri-biotech startup GreenGrahi has raised ₹32 crore ($3.73 million) in a seed funding round led by Avaana Capital, an early-stage climate and sustainability-focused venture capital fund. The round also witnessed participation from Huddle Ventures, Campus Fund, Blume Founders Fund, and angel investors, including Nexus Ventures' Nitin Sharma, Samara Capital's Anchit Gupta, Equilibrium Capital's David Chen, and Northpoint Capital's Sameer Brij Verma. The fund will be used to build a homegrown Black Soldier Fly (BSF) factory that can process around 150 tonnes of feedstock on a daily basis. The company also plans to expand its team and enter global markets, including the United States, United Kingdom, and the European Union. Founded by Shivali Sugand and Siddharth Sharma, GreenGrahi is developing an insect biotechnology platform powered by BSF and its microbiome. The company produces high-performance insect proteins, functional oils, and hydrolysates for aquaculture, poultry, and pets, and is already supplying partners in the shrimp, poultry, and pet food sectors. Alongside, GreenGrahi has built a new generation of biological agri-inputs including biofertilisers, biostimulants, and biopesticides that help improve soil health, boost crop resilience and yield, and reduce the need for chemical fertilisers and pesticides, the company said in a statement. "As wild fish stocks continue to decline and protein demand rises, the pressure on aquafeed and livestock inputs is only going to grow. We are building a platform that makes high-quality, science-driven feed and agri-inputs accessible, affordable, and scalable for global markets," said Siddharth Sharma, co-founder of GreenGrahi. According to Shruti Srivastava, investment director at Avaana Capital: "GreenGrahi is creating category-shaping innovation in the food and agri-tech space. 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.' According to Avaana Capital, the round marked the largest-ever funding round in India's insect biotech space. Avaana Capital had raised $150 million last year, out of which nearly one-third of the amount has already been deployed.
Time of India
24-04-2025
- Business
- Time of India
Agri-biotech startup GreenGrahi raises Rs 32 crore in round led by Avaana Capital
Agri-biotech startup GreenGrahi has raised Rs 32 crore in a funding round led by early-stage investment firm Avaana Capital . The round, which was majorly equity, also saw participation from Huddle, Campus Fund, Blume Founders Fund, and angel investors, including Nexus Venture's Nitin Sharma and Northpoint Capital's Sameer Brij Verma. The funds will be used to build and scale its insect biomanufacturing platform, hire people and expand globally. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Beyond Text Generation: An AI Tool That Helps You Write Better Grammarly Install Now Undo '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,' cofounder Siddharth Sharma told ET. Founded in 2021 by Sharma and Shivali Sugand, the Delhi-based startup uses agricultural residues to produce high-quality insect-based proteins, functional oils, and hydrolysates. These products are specifically developed for use in aquaculture , poultry, and pet nutrition , offering improved digestibility, nutritional value, and more stable pricing compared to traditional feed ingredients like fishmeal and soy, it said. Live Events The company has also developed biological agricultural inputs—such as biofertilisers , biostimulants, and biopesticides—to enhance soil health and strengthen crop resilience and productivity. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories The business-to-business (B2B) platform serves over 10 customers, comprising companies in both animal and plant nutrition sectors. '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," said Sharma, noting that the funding will help scale up production to about 50 times the current capacity. The startup aims to grow its scientific team and tap into international markets, such as the US, UK, and EU. Sharma expects these regions to account for roughly 30-35 percent of the company's business, driven largely by demand from pet food companies. 'Right now, we have a production facility that can process about three to four tonnes of raw material each day. The next factory we're building will be able to process up to 150 tonnes daily…Once the new factory is ready by the end of this year, we expect to begin global shipments by the first quarter of next year,' he added. Commenting on the investment, 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.'
