Agritech startup GROWiT raises $3 million in funding round led by GVFL

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Here’s a structured list based on the information provided regarding the funding round for GROWiT India:

Fund

  • GVFL (Lead Investor)
  • Veloce Opportunities Fund
  • JITO
  • We Founder Circle
  • Sunicon Ventures Fund
  • Progrowth Ventures
  • Hyderabad Angels

Startup

  • GROWiT India

Founders

  • Saurabh Agarwal (Founder and CEO)

Fundraise Series

  • Series Unknown (It’s not specified as Seed, Series A, etc.)

Amount Raised

  • $3 million

Date

  • Wednesday (Specific date not provided, but the context suggests the week of the announcement)

Purpose of Funds

  • Aggressive expansion plans
  • Deepening R&D capabilities
  • Strengthening technology infrastructure to better serve farmers

Comments

  • The funding will support initiatives aimed at transforming agriculture through technology, improving yields, reducing costs, and promoting sustainable farming practices.

Additional Notes

  • The announcement highlights the significance of building resilience in the agricultural sector amidst climate change challenges.

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2025-05-28 09:51:00