Agritech startup GROWiT India gets $3 million funding in Series A round led by GVFL

Protective farming agritech startup GROWiT India has received $3 million in a Series A funding round led by GVFL, according to the company's official statement today, May 28.

In the fresh round, Veloce Opportunities Fund, JITO, We Founder Circle, Sunicon Ventures Fund, Progrowth Ventures, and Hyderabad Angels also participated. 

GROWiT plans to utilise the funding for its expansion plans, deepening its R&D capabilities, and strengthening its technology infrastructure to serve farmers more effectively.

"GrowiT has a large innovation product portfolio and pan India distribution channel. They are helping farmers grow more and earn better by focusing on solving these key problems at an affordable cost and easy accessibility. They are making climate-friendly, sustainable farming methods more affordable and effective. As a fund, this is a key focus area for us and we see GROWiT as a strong player emerging in this segment," said Mihir Joshi, MD, GVFL.

Founded in 2020, GROWiT claims to launch India’s first pocket-friendly soil testing device in April 2025, which received an encouraging response from farmers and agri-partners. Other marquee products of the company include Mulch Films, Crop Covers, Weed Mats, and more, are designed to optimize crop protection and boost agricultural productivity while promoting sustainable practices.

GVFL (Gujarat Venture Finance Limited) is a Ahmedabad, Gujarat-based venture capital fund primarily focused on funding climate-tech, circular economy, and social impact startups. With over 125 total investments and more than 75 successful exits, GVFL has been instrumental in nurturing and scaling innovative startups across various sectors.