Agritech Startup GROWiT Bags $3 Mn Funding
Surat-based agritech startup GROWiT has raised $3 million in a Series A funding round led by GVFL, with participation from Veloce Opportunities Fund, JITO, and We Founder Circle. The fresh capital will be used to fuel the startup’s expansion and research and development initiatives.
GROWiT recently launched India’s first pocket-friendly soil health testing device. To date, the startup claims to have offered solutions to over 650 franchise outlets across 12 Indian states. The funding will support the company’s growth plans and enhance its product offerings in the agritech sector.
GROWiT’s innovative approach to soil health testing has the potential to significantly impact the agricultural industry in India. The startup’s commitment to providing affordable and accessible solutions for farmers is evident in its recent product launch.
The investment from GVFL and other participants demonstrates confidence in GROWiT’s vision and capabilities. As the agritech sector continues to evolve, companies like GROWiT are poised to make a meaningful difference in the lives of farmers and the broader agricultural community.
