About Grow Indigo
Grow Indigo is a company based in Mumbai (India) founded in 2018.. Grow Indigo has raised $24 million across 3 funding rounds from investors including Mahyco, Indigo Ag and HNI Corporation. The company has 267 employees as of March 22, 2024. Grow Indigo offers products and services including Carbon Biologicals, Seed Treatment, Soil Health Enrichment, and Biostimulants and Adjuvants. Grow Indigo operates in a competitive market with competitors including IPL Biologicals, Kan biosys, Titan Biotech, Univia and Absolute, among others.
- Headquarter Mumbai, India
- Employees 267 as on 22 Mar, 2024
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Sectors
Agriculture
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Grow Indigo Private Limited
- Date of Incorporation 19 Jan, 2018
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$39.99 M (USD)65.25as on Mar 31, 2023
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Net Profit
$-1.88 M (USD)-133.89as on Mar 31, 2023
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EBITDA
$-2.35 M (USD)-137.58as on Mar 31, 2023
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Total Equity Funding
$24 M (USD)
in 3 rounds
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Latest Funding Round
$10 M (USD), Series B
Mar 25, 2025
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Investors
Mahyco
& 3 more
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Employee Count
267
as on Mar 22, 2024
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Products & Services of Grow Indigo
Grow Indigo offers a comprehensive portfolio of products and services, including Carbon Biologicals, Seed Treatment, Soil Health Enrichment, and Biostimulants and Adjuvants. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Products for soil health and crop protection enhancement
Treatments to improve seed germination and plant resilience
Methods to enrich soil microbiomes for better crop yields
Substances that boost plant growth and stress resistance
Funding Insights of Grow Indigo
Grow Indigo has successfully raised a total of $24M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $10 million completed in March 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $10.0M
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First Round
First Round
(16 Dec 2022)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2025 | Amount | Series B - Grow Indigo | Valuation |
investors |
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| Jan, 2024 | Amount | Series A - Grow Indigo | Valuation | Indigo , Mahyco |
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| Dec, 2022 | Amount | Series A - Grow Indigo | Valuation | Indigo , Mahyco |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Grow Indigo
Grow Indigo has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Mahyco, Indigo Ag and HNI Corporation. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Government agency focused on small and medium-sized businesses
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Founded Year | Domain | Location | |
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Microbe-based plant protection products and yield optimization services are provided.
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Founded Year | Domain | Location | |
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Agriculture company offering hybrid and open pollinated seeds
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Grow Indigo
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Grow Indigo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Grow Indigo Comparisons
Competitors of Grow Indigo
Grow Indigo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as IPL Biologicals, Kan biosys, Titan Biotech, Univia and Absolute, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Plant nutrition and protection products are manufactured and supplied.
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| domain | founded_year | HQ Location |
Microbes-based biological solutions for crop diversification are provided.
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| domain | founded_year | HQ Location |
Biological products are manufactured and exported for various industries.
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| domain | founded_year | HQ Location |
Agri-input retailers are connected to farmers via a phygital network.
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| domain | founded_year | HQ Location |
Biological technologies are developed for agriculture, healthcare, and materials science.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Grow Indigo
Frequently Asked Questions about Grow Indigo
When was Grow Indigo founded?
Grow Indigo was founded in 2018 and raised its 1st funding round 4 years after it was founded.
Where is Grow Indigo located?
Grow Indigo is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is Grow Indigo a funded company?
Grow Indigo is a funded company, having raised a total of $24M across 3 funding rounds to date. The company's 1st funding round was a Series A of $6M, raised on Dec 16, 2022.
How many employees does Grow Indigo have?
As of Mar 22, 2024, the latest employee count at Grow Indigo is 267.
What is the annual revenue of Grow Indigo?
Annual revenue of Grow Indigo is $39.99M as on Mar 31, 2023.
What does Grow Indigo do?
Grow Indigo was founded in 2018 and is based in Mumbai, India. Operations focus on the sustainable agriculture sector, where biological solutions such as seed treatments, soil health enrichments, biostimulants, adjuvants, crop protections, and micronutrients are offered. Carbon credit programs are facilitated to help reduce farm-side emissions. Biotic and abiotic stresses are addressed through plant and soil microbiomes.
Who are the top competitors of Grow Indigo?
Grow Indigo's top competitors include Titan Biotech, IPL Biologicals and Univia.
What products or services does Grow Indigo offer?
Grow Indigo offers Carbon Biologicals, Seed Treatment, Soil Health Enrichment, and Biostimulants and Adjuvants.
Who are Grow Indigo's investors?
Grow Indigo has 4 investors. Key investors include Mahyco, Indigo Ag, HNI Corporation, and British International Investment.
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