GrowiT India Secures Rs. 50 Lakhs in Debt funding in Shark Tank India
GrowiT India – An Agritech Startup and Farmer First Emarketplace raised 50 Lakhs in Debt funding from Sharks Peeyush Bansal and Namita Thapar.
GrowiT will utilize these funds to strengthen its franchises, and vendor outreach, and help farmers become financially independent. The network and support of the sharks and the platform itself will boost more visibility and mileage of the brand.
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“This is an incredible milestone for us, and we are incredibly grateful for the support and confidence shown by our investors (Sharks). With this funding, we can continue to develop and scale our technology, which has the potential to transform the way we approach agriculture and food production. We’re excited to take this next step in our journey and to make a positive impact on the industry and the world. Thank you to everyone who has supported us on this journey, and we can’t wait to see what the future holds!” Saurabh Agarwal – Founder & CEO- GrowiT India
Alpha Plastomers Private Limited’s GROWiT India aims to improve quality and yield while reducing carbon footprint.
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In April 2022, GROWiT India has raised Rs 3 crore in its seed funding round from IVY Growth led by Coppermint LLP, Rohan Desai (CEO, Triumph Capital), Singhvi (Co-founder, WFC), Rajeev Goel (Sagar Life Sciences), Sunay Shah (Mahati Electrics), and Mukul Goyal (Tapi Capital LLP).
About GrowiT India
The agricultural division of Alpha Plastomers Private Limited, GROWiT India, was founded with the goal of producing cutting-edge and ground-breaking solutions that guarantee the highest possible quality and yield for the Indian Agriculture & Farming Sector while reducing its carbon footprint.
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In order to ensure sustainable, effective, and affordable agricultural practises, they want to be the go-to partners for major protective farming products like plastic mulch film, shade nets, crop/fruit covers, sticky traps, pond liners, lay flat tubes, vermi beds, mulch laying/hole punching machines, and agri wires.