GROWiT India raises $3 million Series A led by GVFL to boost protective farming

GROWiT India's recent $3 million Series A funding from GVFL aims to accelerate affordable, accessible soil testing technology launching in April 2025, promising to transform farming efficiency and income for Indian farmers.

Sources:
Zee BusinessPYMNTS.com
Updated 50m ago
Tab background
Sources: Zee Business
GROWiT India, an agritech startup specializing in protective farming, has raised $3 million in a Series A funding round led by GVFL, a venture capital fund based in Ahmedabad focused on climate-tech and social impact startups.

Founded in 2020, GROWiT aims to revolutionize farming by providing affordable and accessible solutions to farmers. The company plans to launch India’s first pocket-friendly soil testing device in April 2025, which has already received positive feedback from farmers and agricultural partners.

"They are helping farmers grow more and earn better by focusing on solving these key problems at an affordable cost and easy accessibility," the company stated.

GVFL’s investment underscores the growing interest in climate-tech innovations that support sustainable agriculture and improve farmer livelihoods. This funding will enable GROWiT to scale its technology and expand its reach across India’s farming communities.

The soil testing device is expected to empower farmers with precise soil health data, enabling better crop management and increased productivity. This aligns with GROWiT’s mission to boost protective farming practices that safeguard crops and enhance yields.

With this new capital infusion, GROWiT is positioned to make a significant impact on India’s agricultural sector by combining technology with affordability and accessibility, addressing critical challenges faced by farmers nationwide.

Key stats:
- $3 million Series A funding
- Launch of pocket-friendly soil testing device planned for April 2025
- GVFL: Ahmedabad-based venture capital fund focused on climate-tech and social impact

This investment highlights the increasing role of technology in transforming traditional farming methods and supporting sustainable agricultural growth in India.
Sources: Zee Business
GROWiT India, an agritech startup focused on protective farming, secured $3 million in a Series A funding round led by GVFL. Founded in 2020, GROWiT aims to launch India’s first affordable soil testing device in April 2025, enhancing farmers’ productivity and income through accessible technology.
Section 1 background
The Headline

GROWiT India secures $3M Series A led by GVFL

Key Facts
  • GROWiT India, an agritech startup, has raised $3 million in a Series A funding round led by GVFL to enhance its protective farming solutions.Zee Business
  • GVFL (Gujarat Venture Finance Limited) is a venture capital fund based in Ahmedabad, Gujarat, focusing on climate-tech, circular economy, and social impact startups.Zee Business
  • GROWiT India aims to help farmers grow more and earn better by addressing key agricultural problems with affordable and easily accessible solutions.Zee Business
Key Stats at a Glance
Series A funding amount raised by GROWiT India
$3 million
Zee Business
Section 2 background
Other Updates

Pallet raises $27M to scale AI logistics platform

Key Facts
  • Logistics startup Pallet raised $27 million in a Series B funding round on May 27 to scale its AI automation platform.PYMNTS.com
  • Pallet’s flagship AI platform automates manual back-office operations for logistics providers, performing tasks like order entry, quoting, and portal updates 10 times faster and at less than half the cost of traditional staffing.
  • A mid-sized carrier using Pallet’s AI platform was able to reallocate 25 employees from repetitive order entry tasks, resulting in millions of dollars in savings.PYMNTS.com
Key Stats at a Glance
Series B funding amount raised by Pallet
$27 million
PYMNTS.com
Global logistics industry size
$11 trillion
PYMNTS.com
Speed improvement of Pallet's AI platform over traditional staffing
10 times
Cost reduction of Pallet's AI platform compared to traditional staffing
less than 50%
Number of employees reallocated by a mid-sized carrier using Pallet's AI platform
25 employees
PYMNTS.com
Background Context

GROWiT India's innovation in soil testing device

Key Facts
  • Founded in 2020, GROWiT India plans to launch India’s first pocket-friendly soil testing device in April 2025, which has already received encouraging responses from farmers and agri-partners.Zee Business
Key Stats at a Glance
Year GROWiT India was founded
2020
Zee Business
Planned launch month and year of soil testing device
April 2025
Zee Business
Article not found
CuriousCats.ai

Source Citations