About Growit
Growit is a company based in Surat (India) founded in 2020 by Akshay Agarwal and Saurabh Agarwal.. Growit has raised $4.07 million across 6 funding rounds from investors including We Founder Circle, Gujarat Venture Finance and DRS Dilip Roadlines. The company has 55 employees as of April 07, 2024.
- Headquarter Surat, India
- Employees 55 as on 07 Apr, 2024
- Founders Akshay Agarwal, Saurabh Agarwal
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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 Growit India Private Limited
- Date of Incorporation 08 Jun, 2020
- Jurisdiction Surat, Gujarat, India
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Annual Revenue
$3.3 M (USD)35.79as on Mar 31, 2023
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Net Profit
$-767.8 K (USD)-220.72as on Mar 31, 2023
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EBITDA
$-714.32 K (USD)-385.38as on Mar 31, 2023
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Total Equity Funding
$4.07 M (USD)
in 6 rounds
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Latest Funding Round
$3 M (USD), Series A
May 28, 2025
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Investors
We Founder Circle
& 94 more
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Employee Count
55
as on Apr 07, 2024
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Funding Insights of Growit
Growit has successfully raised a total of $4.07M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $3 million completed in May 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 6
- Last Round Series A — $3.0M
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First Round
First Round
(09 Apr 2022)
- Investors Count 95
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2025 | Amount | Series A - Growit | Valuation | Gujarat Venture Finance | |
| Mar, 2023 | Amount | Debt – Conventional - Growit | Valuation |
investors |
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| Mar, 2023 | Amount | Angel Round - Growit | Valuation | Namita Thapar , Peyush Bansal |
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| 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 Growit
Growit has secured backing from 95 investors, including angel, institutional, and venture fund investors. Prominent investors backing the company include We Founder Circle, Gujarat Venture Finance and DRS Dilip Roadlines. 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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Early-stage investment fund providing seed funding and mentorship to Indian startups.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Angel network facilitating startup investments and investor connections in technology and sustainability sectors.
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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 Growit
| 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 - Growit
| 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 |
Growit Comparisons
Competitors of Growit
| 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 Growit
Frequently Asked Questions about Growit
When was Growit founded?
Growit was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Where is Growit located?
Growit is headquartered in Surat, India. It is registered at Surat, Gujarat, India.
Who is the current CEO of Growit?
Saurabh Agarwal is the current CEO of Growit. They have also founded this company.
Is Growit a funded company?
Growit is a funded company, having raised a total of $4.07M across 6 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $61.17K, raised on Apr 09, 2022.
How many employees does Growit have?
As of Apr 07, 2024, the latest employee count at Growit is 55.
What is the annual revenue of Growit?
Annual revenue of Growit is $3.3M as on Mar 31, 2023.
What does Growit do?
Growit was founded in 2020 and is based in Surat, India. Operations focus on the agricultural sector, where support is extended to growers through consultations, resource provision, and tailored assistance for crop cultivation. Services are designed to address specific needs of farmers, facilitating improved agricultural practices in the region.
Who are Growit's investors?
Growit has 95 investors. Key investors include We Founder Circle, Gujarat Venture Finance, DRS Dilip Roadlines, Hyderabad Angels, and IVY Growth Associates.
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