GreenGrahi, an agri-biotech startup has raised ₹32 crore in a seed funding round led by Avaana Capital. The round also saw participation from existing investors Huddle Ventures, Campus Fund, Blume Founders Fund, and leading angel investors including Nitin Sharma, Anchit Gupta, David Chen, and Sameer Brij Verma.
The funds raised will be used to build a Black Soldier Fly (BSF) bio-factory, capable of processing 150 tons of feedstock daily. With ready access and demand of 510 crores annually for its products, the company will also expand its scientific team and enter global markets, including the US, UK, and EU.
“As wild fish stocks continue to decline and protein demand rises, the pressure on aquafeed and livestock inputs is only going to grow. We’re building a platform that makes high-quality, science-driven feed and agri-inputs accessible, affordable, and scalable for global markets,” said Siddharth Sharma, Co-Founder of GreenGrahi.
“GreenGrahi is creating category-shaping innovation in the food and agri-tech space. Their proprietary insect biotechnology and bioprocessing platform enables the production of high-performance, cost-efficient ingredients at scale—helping build resilient food supply chains for global food security through science-backed, market-ready solutions,” said Shruti Srivastava, Investment Director at Avaana Capital.
“We’re excited to double down on our investment in GreenGrahi as they lead India’s journey in the insect biomanufacturing industry. The timing is right, the demand is real, and India needed a bold, full-stack operator to build for both local and global markets. We’re proud to back the team as they launch the country’s first and largest BSF bio-factory, and look forward to their continued progress in market adoption and measurable impact,” said Ishaan Khosla, Partner at Huddle Ventures.
Founded in 2021 by Shivali Sugand and Siddharth Sharma, GreenGrahi is developing a differentiated insect biotechnology platform powered by the Black Soldier Fly and its unique microbiome.
The company produces high-performance insect proteins, functional oils, and hydrolysates tailored for aquaculture, poultry, and pets—designed to deliver superior nutrition, better digestibility, and greater price stability compared to conventional inputs like fishmeal and soya. Alongside, GreenGrahi has built a new generation of biological agri-inputs—including biofertilizers, biostimulants, and biopesticides—that help improve soil health, boost crop resilience and yield, and reduce the need for chemical fertilisers and pesticides.
The company’s proprietary biomanufacturing system ensures consistent quality and high conversion efficiency, enabling price points that unlock mass-market applicability, moving insect protein and biologicals beyond niche use cases.
