Angel Investments
Sustainable farming promoter Grow Indigo raises $8-M
Mumbai-headquartered sustainable agriculture company Grow Indigo has raised over USD 8 million (around INR 67 crore) in a funding round from parent firm Indigo Ag, Mahyco and other investors including individuals. The new funds raised will be used for driving the future of sustainable agriculture. The company has so far raised more than USD 23 million (around INR 191 crore) to date.Grow Indigo is a joint venture between Indigo Ag and Mahyco that was formed in 2018. It claims that about 8,00,000 acres have been enrolled in the company's programs. It claims that the firm’s integrated solutions - Biologicals, Grow Online and Carbon – facilitate smallholder farmers and other agri-stakeholders to adopt and benefit from sustainability opportunities while embracing their part in fostering climate solutions.
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