GreenGrahi Raises $3.73 million to Accelerate Insect-Based Biotech Growth and Global Expansion

The Indian Agri-biotech startup GreenGrahi raised $3.73 million through recent investments, according to The Economic Times. The funding round was led by Avaana Capital. Other investors included Huddle, Campus Fund, Blume Founders Fund, and angel investors Nitin Sharma and Sameer Brij Verma.

The biotech startup will use the money to improve its insect biomanufacturing platform. It also plans to hire more people and expand to global markets. GreenGrahi produces insect-based proteins and bio-inputs for animal and plant nutrition. The company plans to grow its operations to meet the international market demands.

Insect-based AgriTech Startup

The Bangalore-based startup GreenGrahi was started in 2021 by Siddharth Sharma and Shivali Sugand. It uses high-quality ingredients, using insects. The products have been specifically developed to be used in aquaculture, poultry farming, and pet nutrition. These insect-based products are easy to digest and have stable prices.

The company follows a circular model. It takes leftover agricultural material from food and farming companies and uses it to grow insects. These insects are then turned into useful products like protein, functional oils, and hydrolysates. GreenGrahi uses waste materials to create valuable products, which supports environmental preservation and a cleaner supply chain infrastructure.

GreenGrahi also creates products for farming. The company has developed eco-friendly agricultural inputs like biofertilisers, biostimulants, and biopesticides. These products help improve soil health, make crops stronger, and increase their productivity. They help with cultivating stronger agricultural plants without relying on toxic substances.

“Our insect platform is not just for selling products. We also research to find new ways to use insects in farming and nutrition,” said cofounder Siddharth Sharma.

This B2B platform currently works with over 10 clients. These clients come from both the animal nutrition and farming industries. “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.

Big Plans for Growth and Global Reach

The $3.73 million funding will help GreenGrahi increase its production. At present, the company’s facility processes around 3 to 4 tonnes of material each day. A new and much larger factory is being built. It will be able to handle up to 150 tonnes daily.

The funding will be used to hire more scientists and engineers. This will help the biotech startup speed up its research and improve product quality.

GreenGrahi is also preparing to enter global markets. The team is targeting markets in the EU, the United States, and the UK. These areas could soon make up 30–35% of the company’s total business. There is already strong interest from international pet food companies.

“We want the new factory to be ready by the end of this year. Then we plan to begin global shipments early next year. We aim to make India a global hub for insect-based biotech.” Sharma said.

Investors are confident in GreenGrahi’s future. Shruti Srivastava, Investment Director at Avaana Capital, said, “GreenGrahi’s platform produces high-quality ingredients at a low cost. Their science-backed solutions can improve food supply chains across the world.”

This isn’t GreenGrahi’s first round of funding. The startup had earlier raised pre-seed funding from Campus Fund in July 2023. Now, with this latest investment, the company is ready to scale up and make a mark in the global biotech space.