About GrowAgro
GrowAgro is an Agriculture company based in Delhi (India) founded in 2021 by Prince Yadav, krishna sharma, Harish Phalswal, and Naveen Shokeen. Technology-driven solutions are provided for livestock healthcare to dairy farmers. GrowAgro has raised $119.61 thousand across 2 funding rounds from investors including 42Lynchpin Ventures, Rajesh Sawhney and Murugavel Janakiraman. The company has 1 employees. GrowAgro was last valued at $1.09 million in October 2023. Its Indian entity Growagro Tech Innovation Services Private Limited reported revenue of ₹1.37 Cr. Its focus areas include Food and Agriculture Tech, Livestock Tech, Health Management and Vet Care Services.
Company details
GrowAgro was established in 2021 in Delhi, India, as a provider of technology-based livestock healthcare services. Operations center on developing affordable solutions for dairy farmers in the agritech sector. Veterinary care and monitoring tools are offered to address common health issues in livestock. The company is led by four co-founders and operates primarily within India to support rural agricultural communities.
- Headquarters Delhi, India
- Employees 1
- Founders Prince Yadav, krishna sharma, Harish Phalswal, Naveen Shokeen
- Stage Minicorn
- SectorsAgriculture
- Email••••••••
- Phone•••• ••••
- Website growagro.in
- Social LinkedIn X Facebook
- Legal Name Growagro Tech Innovation Services Private Limited
- Date of Incorporation 07 Jun, 2021
- Jurisdiction Delhi, India
- Annual Revenue₹1.37 Cr
FY 2023 · +3950% YoY
- Net Loss-₹5.9 Lakh
FY 2023 · -4% margin
- EBITDA-₹4.9 Lakh
FY 2023 · -4% margin
- Total Equity Funding$119.61K (USD)
in 2 rounds
- Latest Funding Round$119.61K (USD), Seed
Oct 2023
- Investors42Lynchpin Ventures
& 13 more
- Employee Count1
Associated legal entities of GrowAgro
GrowAgro operates through Growagro Tech Innovation Services Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Growagro Tech Innovation Services Private Limited CIN U01100DL2021PTC381968 | Active | 07 Jun 2021 | Delhi, Delhi | ₹1.4 Cr | 3 | View details |
Funding Insights of GrowAgro
GrowAgro has successfully raised a total of $119.61K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $119.61 thousand completed in October 2023. 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 $119,606
- Total Rounds 2
- Last Round Seed — $119,606
- Investors Count 14
All 2 funding rounds of GrowAgro with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2023 | $119,606 | Seed | $1.09M | – | |
| Jun 2023 | Seed | – | GSF | – |
| Date | Valuation | Stage |
|---|---|---|
| Oct 2023 | $1.09M | •••••••• |
Last known valuation $1.09M (Oct 2023). 14 investors in total: 2 institutional and 12 angel.
Investors in GrowAgro
GrowAgro has secured backing from 14 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include 42Lynchpin Ventures, Rajesh Sawhney and Murugavel Janakiraman.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage tech investments are focused on by GSF in India. | gsfindia.com | Delhi, India | ||
| 42lynchpinventures.tcc.mode | ||||
RS Rajesh Sawhney | Founder of GSF Accelerator, angel investor, ex-President of Reliance Entertainment | unknown_a8eb8bd05ce24220b | ||
MJ Murugavel Janakiraman | Founder of BharatMatrimony, active angel investor in Indian startups | unknown_040e2aca40c2463a8 | ||
DG Dinesh Gulati | unknown_61710374ede94ff39 | |||
DA Dinesh Agarwal | Founder of IndiaMART, prominent angel investor in Indian startups | unknown_ae61276a0f644862b | ||
NM Nitish Mittersain | Founder & CEO of Nazara Technologies, prominent angel investor in gaming | unknown_d3447411e2f7487e8 | ||
GK Gaurav Kapur | unknown_9d8f78c3cd5c46f28 | |||
SJ Sumit Jain | Co-founder of CommonFloor, active angel investor in Indian startups | unknown_7d9ee3f799564df0b | ||
HC Hitesh Chawla | Angel investor and entrepreneur, co-founder of SilverPush, focused on tech startups | unknown_b47b45215f794bbd9 |
Investor details for GrowAgro
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Verified entity values are shown only after access is granted.
Board of directors of Growagro Tech Innovation Services Private Limited (GrowAgro)
Growagro Tech Innovation Services Private Limited is the primary company behind GrowAgro. The board of Growagro Tech Innovation Services Private Limited currently have 3 directors; the longest-serving is Naveen Shokeen, appointed in 2021.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Naveen Shokeen DIN 09195798 | Director | 07 Jun 2021 | 5 yrs 4 mo | Growagro Tech Innovation Services Private Limited |
| Harish Kumar DIN 09195797 | Director | 07 Jun 2021 | 5 yrs 4 mo | Growagro Tech Innovation Services Private Limited |
| Prince Yadav DIN 07989349 | Director | 07 Jun 2021 | 5 yrs 4 mo | Growagro Tech Innovation Services Private Limited |
People of GrowAgro
4 people are tracked at GrowAgro (4 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
krishna sharma | Co-Founder | Leadership |
Harish Phalswal | Co-Founder | Leadership |
| Co-Founder | Leadership |
Complete people profiles for GrowAgro
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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Verified entity values are shown only after access is granted.
Financials of GrowAgro
Figures of Growagro Tech Innovation Services Private Limited, the primary company behind GrowAgro, for FY 2023. Revenue was ₹1.37 Cr (+3950% year on year). Net loss was -₹5.9 Lakh (-4% margin). EBITDA was -₹4.9 Lakh (-4% margin).
- ₹1.37 CrRevenue · FY 2023 · +3950% YoY
- -₹5.9 LakhNet loss · -4% margin
- -₹4.9 LakhEBITDA · -4% margin
- ₹1 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Growagro Tech Innovation Services Private Limited are on its company page.
Detailed financial statements for GrowAgro
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of GrowAgro
4 dated milestones of GrowAgro across 2 years, from founding to its latest funding, stage changes and deals.
- Founded GrowAgro is founded.
- Funding First funding round.
- Funding Latest funding round, Seed, of $120K.
- Milestone Reaches Minicorn status.
Top companies in Livestock Tech & Equipment
3 companies that operate in the same segment as GrowAgro (Livestock Tech & Equipment) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online app-based retailer for meat and poultry products | 2016 | Chennai, Tamil Nadu, India | USD 38.06 M | USD 15.99 M | 1,208 | |
Meat and poultry products are retailed online by FreshToHome. | 2015 | Bengaluru, Karnataka, India | USD 302 M | USD 4.9 M | 258 | |
Processor and retailer of meat products | 2016 | Chennai, Tamil Nadu, India | USD 9.73 M | USD 4.82 M | 132 |
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Related news about Growagro
Complete news archive for GrowAgro
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Frequently Asked Questions about GrowAgro
GrowAgro was founded in 2021 and raised its 1st funding round 2 years after it was founded.
GrowAgro is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
GrowAgro is a funded company, having raised a total of $119.61K across 2 funding rounds to date.
GrowAgro has 1 employees.
The primary company behind GrowAgro, Growagro Tech Innovation Services Private Limited, reported revenue of ₹1.37 Cr for FY 2023, up 3950% year on year.
GrowAgro was established in 2021 in Delhi, India, as a provider of technology-based livestock healthcare services. Operations center on developing affordable solutions for dairy farmers in the agritech sector. Veterinary care and monitoring tools are offered to address common health issues in livestock. The company is led by four co-founders and operates primarily within India to support rural agricultural communities.
GrowAgro has 14 investors. Key investors include 42Lynchpin Ventures, Rajesh Sawhney, Murugavel Janakiraman, Dinesh Gulati, and Dinesh Agarwal.
The valuation of GrowAgro is $1.09M as of Oct 2023.
GrowAgro operates through Growagro Tech Innovation Services Private Limited.
The legal entities of GrowAgro currently have 3 directors, including Naveen Shokeen, Harish Kumar, Prince Yadav.