Grow Indigo, a sustainable agriculture firm, has raised $8 million in funding from investors worldwide, including Indigo Ag and Mahyco, to drive sustainable agriculture and shape its future
The sustainable agriculture firm Grow Indigo has announced that it has raised over $8 million (approximately Rs. 67 crore) in a funding round, bringing its total capital raise to more than $23 million (approximately Rs. 191 crore).
The recent funding round of Grow India saw interest from investors worldwide, including participation from Indigo Ag, Mahyco, and individual investors. The raised funds will drive sustainable agriculture and shape its future.
Grow India is a joint venture between Indigo Ag and Mahyco, established in 2018. The company operates a carbon farming platform for smallholder farmers in India, which includes four carbon programmes across 13 states. The program's cumulative objective is to reduce or eliminate emissions of 20 MT of CO2 annually from agriculture. So far, approximately 800,000 acres have been enrolled in the company's programmes.
"With sustainability at its core, we have now demonstrated farmers' adoption of biological inputs and carbon solutions at scale," said Grow Indigo Executive Chairman Usha Barwale Zehr.