Bengaluru-based agribiotech company GreenGrahi has raised US$ 3.73 million (INR 32 crore) in its Seed Round, which will be deployed to build a homegrown Black Soldier Fly (BSF) biofactory capable of processing approximately 150 tonnes of feedstock daily. The funding will also support team expansion and enable the company’s entry into international markets, including the United States, the United Kingdom and the European Union.
The Seed Round was led by Avaana Capital, an early-stage venture capital fund focused on climate and sustainability, with participation from Huddle Ventures, Campus Fund, and Blume Ventures Founders Fund. A distinguished group of angel investors also took part, including David Chen from Equilibrium Capital, Anchit Gupta from Samara Capital, Nitin Sharma from Nexus Ventures, Sameer Brij Verma from Northpoint Capital, and Karan Nand Lal Garg.
Focus on Building India’s Largest Black Soldier Fly Bio-Factory
Founded by Shivali Sugand and Siddharth Sharma, GreenGrahi is building what it envisions as India’s largest Black Soldier Fly bio-factory. The company’s biotechnology platform, powered by BSF and its microbiome, aims to produce high-performance insect proteins, functional oils, and hydrolysates specifically designed for the aquaculture, poultry, and pet health sectors. GreenGrahi’s ingredients are already deployed by partners in shrimp farming, poultry production, and pet food manufacturing, resulting in measurable performance and yield improvements.
Development of Sustainable Agricultural Inputs
In parallel with its animal nutrition offerings, GreenGrahi has also developed a new line of biological agricultural inputs. These include biofertilisers, biostimulants, and biopesticides designed to enhance soil health, increase crop resilience and yield, and reduce dependency on chemical fertilisers and pesticides. The company stated that these innovations address critical challenges in modern agriculture while aligning with sustainable farming practices.
Speaking on the development, Siddharth Sharma, co-founder of GreenGrahi, noted the growing strain on aquafeed and livestock inputs due to declining wild fish stocks and rising global protein demand. He stated that GreenGrahi aims to provide high quality, science-driven feed and agricultural inputs that are accessible, affordable, and scalable across global markets.
Our ingredients are already driving performance and yield improvements across aquaculture, poultry, agriculture, and even pet health, and now, we’re scaling globally and investing deeper into R&D to launch the next generation of functional, high impact products.
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Avaana Capital Highlights Strategic Investment in Insect Biotechnology
Shruti Srivastava, investment director at Avaana Capital, highlighted that GreenGrahi’s proprietary insect biotechnology and bioprocessing platform enables the large-scale production of cost-efficient, high-performance ingredients. She emphasized that such innovations support the resilience of global food supply chains through science-backed, market-ready solutions.
Avaana Capital also disclosed that this seed round represents the largest funding raised to date in India’s insect biotech sector. The investment comes as part of Avaana Capital’s broader climate and sustainability strategy, following its $150 million fundraise last year, of which nearly one-third has already been deployed.
Deepening R&D and Launching Next-Generation Functional Products
With this strategic funding milestone, GreenGrahi is poised to deepen its research and development efforts and introduce the next generation of functional, high-impact products aimed at building a more sustainable and resilient food system worldwide.
