2020
Surat (India)
Series A
GROWiT is a leading agritech company operating as the agricultural arm of Alpha Plastomers Private Limited, GROWiT is dedicated to transforming Indian agriculture through innovative, sustainable, and protective farming solutions. The company’s core mission is to empower farmers, boost crop yields, and promote climate-smart agriculture, while lowering the sector’s carbon footprint.
Protective Farming Inputs: Mulch films, shade nets, crop/fruit covers, sticky traps, pond liners, lay flat tubes, vermi beds, mulch laying/hole punching machines, agri wires.
Soil-to-Harvest Solutions: Soil health testing devices, weed mats, and other tools to support precision farming and reduce input costs.
Agronomy Services: On-ground and digital agronomy support, including demo farms (“Grow Kshetras”) for farmer education.
Franchise Network: Over 650 franchise partners and 117+ franchise stores across 12 states, ensuring last-mile access for farmers.
Digital Tools: Mobile apps for farmer awareness, ROI calculators, lead/team management, and knowledge sharing.
Direct-to-Farmer (D2F) Model: Bypasses traditional distribution, connecting directly with farmers for better pricing, education, and adoption.
Franchise and Demo Farm Model: Empowers local entrepreneurs, fosters knowledge sharing, and accelerates technology adoption at the grassroots.
Process-Oriented R&D: Continuous innovation in product development, leveraging global best practices from Israel, China, the US, and Europe.
Direct Sales (D2F): Sells protective farming inputs and soil-to-harvest solutions directly to farmers via its franchise network and digital channels.
Franchise Fees & Product Supply: Earns revenue from franchise partners through initial setup fees, ongoing supply of products, and support services.
Product Innovation: Launches new, high-margin products tailored to changing agricultural needs and climate conditions.
Market Expansion: Aggressively grows its franchise and demo farm network to penetrate new regions and reach more farmers.
Digital Engagement: Leverages mobile apps and ROI calculators to drive product adoption and upsell value-added services.
Export Growth: Expanding into Africa and other emerging markets with export-ready product lines.
B2C (D2F): Smallholder and progressive farmers seeking modern, cost-effective agricultural solutions.
B2B: Agri-cooperatives, FPOs (Farmer Producer Organizations), institutional buyers, and government agencies.
Franchisees: Local entrepreneurs and agri-retailers operating GROWiT franchise stores.
Franchise & Demo Farm Expansion: Rapidly scaling the franchise network and setting up demo farms in every taluka for farmer education and product demonstration.
R&D Investment: Ongoing research to develop new products and adapt global best practices for Indian conditions.
Digital Transformation: Enhancing digital tools for farmer engagement, education, and operational efficiency.
International Expansion: Targeting export markets in Africa and Asia to diversify revenue streams and scale impact.
$4.07 Million
5
$3 Million, Series A
as of May 28, 2025
-
as of N/A
-
as of N/A
Gujarat Venture Finance
and 2 more95
Faarms
N/A
Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
---|---|---|---|---|---|---|
May 28, 2025 | Series A | $3 Million | - | - | - | Gujarat Venture Finance, Veloce, We Founder Circle, Sunicon, ProGrowth Ventures, Hyderabad Angels |
February 3, 2023 | Seed | $470 K | - | $3.4 Million | - | Thapar Vision, Culture Cap |
April 9, 2022 | Seed | $542 K | - | - | - | IVY Growth Associates, Illuminati Clan, Speed And Scale Incubators, Shrill Ventures |