GROWiT raises $3 million in Series A round

Saurabh Agarwal, Founder CEO of GROWiT India, and Akshay Agarwal, Co-Founder and Technical Director.

Protective farming agritech start-up GROWiT India has raised $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 funds raised will be directed towards GROWiT’s expansion plans, deepening its research and development capabilities, and strengthening its technology infrastructure to serve farmers more effectively.

A media statement said that GROWiT plans to improve domestic market penetration with the current funding, and expand into international markets by scaling exports to Africa and other emerging markets whilst continuing to innovate around sustainable, climate-resilient agriculture solutions that are affordable and accessible to smallholder farmers.

Commitment to sustainability

Quoting Mihir Joshi, Managing Director, GVFL, the statement said agriculture in India still lags behind in terms of technological advancements. GROWiT has a large innovation product portfolio and pan-India distribution channel. They are helping farmers grow more and earn better by focusing on solving these key problems at an affordable cost and easy accessibility. They are making climate-friendly, sustainable farming methods more affordable and effective.

“As a fund, this is a key focus area for us and we see GROWiT as a strong player emerging in this segment,” Joshi said.

Saurabh Agarwal, Founder and CEO of GROWiT, said: “At GROWiT, our commitment is towards developing sustainable agriculture with optimization of productivity by making available affordable tools like India’s first pocket-friendly soil health testing device, which provides soil composition insights and crop recommendations tailored to soil types. GROWiT aims to transform agriculture by increasing yields, cutting input costs, and driving sustainable farming, positioning us as a comprehensive, one-stop solution for farmers.”

Apart from soil testing device, other GROWiT products include mulch films, crop covers and weed mats.

Published on May 28, 2025