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GROWiT got funding at 50 Cr Pre Money Valuation

GROWiT India ( an Agri-Tech startup from Gujarat ) recently received INR 3 Crore at pre-money valuation of INR 50 Crore ( a revenue multiple at 2X of INR 25 Crore ).

GROWiT India, is the agricultural arm of Alpha Plastomers Private Limited ( 33 yr. Old company involved in manufacturing of plastic products ) and was born with the intention to manufacture advanced and innovative products ( viz; Mulch film, Shade Net, Crop Cover, Vermi bed, Grow Bag, Mulch laying machine etc ) that ensure optimum quality and yield for the Indian Agricultural & Farming Industry while lowering its carbon footprint.

It works as a Hub & Spoke model through creation of Demo Farms, where each Demo farm acts as a Franchise Centre headed by a farmer in each Taluka. Presently they have on-boarded 50+ Demo Farms resulting into 25 Cr+ Projected Revenue for FY 21-22.

Founders Saurabh Agarwal and Akshay Agarwal are the third generation entrepreneurs getting into the startup ecosystem and carrying the legacy of constantly innovating into Product development.

Having Vision to To be a world-renowned agriculture input company that develops innovative and integrative protective farming products.

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