PC: Inc42
Agritech startup Grow Indigo has raised $10 million from British International Investment (BII), the UK’s development finance group and impact investor. This will allow the company to scale its sustainability initiatives and grow its footprint throughout India by adopting environmentally friendly farming techniques.
Focusing on Sustainable Agriculture
Grow Indigo promotes sustainable agricultural techniques that provide incredible benifit to the environment as well as crop efficiency. First, at its core are methods (direct seeded rice and no-tillage farming). These practices increase soil health, diminish erosion, keep biodiversity rich, and save water. In addition, the company has also positive served women farmers to work efficiently in farming with decreasing the reliance on manual labor, whereas by doing so the company leads to the lower rate of labor concept.
Impressive Reach Across India
Already running its programs across 2.5 million acres smallholder farmland across seven states for India’s agritech space, Grow Indigo has crossovered in the market. It is supported by a large network of over 2,000 distribution partners and more than 600 professionals standing on the ground. This wide offering ensures that the farmers are fully supported from seed treatment to harvesting. This move by the company has been stepping its operations to 16 states; showing that it is not relenting in its push to bring sustainable solution to farmers across the country.
Partnerships for a Sustainable Future
Food and fashion companies such as Grow Indigo have worked with the company to reduce supply chain emissions by promoting sustainable sourcing. Working with these industries, the startup not only seals environmental wins for it but also produces value for companies that seek to achieve their sustainability goals. Further, these collaborations also place Grow Indigo to play an important role in driving eco friendly practices in all sectors.
Aiming for Greater Impact
Grow Indigo received an injection of the fresh $10 million for investment to expand its efforts to bring sustainable farming practices to India. With its commitment to environmental stewardship and its innovative solutions, the company has offered the greener and a more sustainable agricultural sector.
Conclusion
The latest round of funding also reflects the increasing realisation of Grow Indigo’s work in India’s agritech sector. In terms of sustainability and such, the company is leading change in the agricultural landscape by partnering with industries, and practicing sustainable farming. Grow Indigo plans to continue expanding its footprint with the help of BII and to play its part in making Indian agriculture sustainable. This is a sign that we live in a world where the more environmentally sustainable and socially inclusive development happens there is more funding.
