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.
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'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.
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The company has also developed biological agricultural inputs—such as
biofertilisers
, biostimulants, and biopesticides—to enhance soil health and strengthen crop resilience and productivity.
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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.'
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