Surat-based protective farming agritech platform GROWiT has raised Rs 3 crore in its seed round led by Mehul Shah from IVY Growth. Coppermint LLP, Gaurav Singhvi (Co-founder, WFC), Rajeev Goel (Sagar Life Sciences), Sunay Shah (Mahati Electrics), Rohan Desai (CEO, Triumph Capital), and Mukul Goyal (Tapi Capital LLP) are some of the investors that joined in the round.
The platform plans to use the funds by investing in its research and marketing processes that will ultimately enable GROWiT in expanding its customer base and producing standard quality cost-effective protective farming materials and products.
Founded in 2019 by Saurabh Agarwal, GROWiT’s major focus area is to provide critical solutions like quality food, climate smart agriculture, farmer empowerment, and raising farmer’s productivity. The startup has also established Grow Kshetras (Demo Farms) at every Taluka for farmers to educate them about protective farming and other profitable farming practices.
Currently, the platform is serving over 15,000 farmers through around 117 franchise stores. GrowiT is further aiming to expand its franchise network to almost 300 franchise stores by the end of this fiscal year and serve around 2.5 lakh farmers.