According to reports, agri-biotech startup GreenGrahi raises Rs.32 crore ($3.73 million) in a seed funding round led by Avaana Capital, an early-stage climate and sustainability-focused venture capital fund. The round also witnessed participation from Huddle Ventures, Campus Fund, Blume Founders Fund, and angel investors, including Nexus Ventures’ Nitin Sharma, Samara Capital's Anchit Gupta, Equilibrium Capital's David Chen, and Northpoint Capital’s Sameer Brij Verma.

The funds will be allocated to establish a local Black Soldier Fly (BSF) facility capable of processing approximately 150 tonnes of feed material each day. The organization aims to grow its workforce and penetrate international markets, such as the United States, United Kingdom, and the European Union.

Established by Shivali Sugand and Siddharth Sharma, GreenGrahi is creating an insect biotechnology framework driven by BSF and its associated microbiome. The firm manufactures high-quality insect proteins, functional oils, and hydrolysates for aquaculture, poultry, and pets, and is currently delivering to partners in the shrimp, poultry, and pet food industries.

In addition, GreenGrahi has developed a new generation of biological agricultural inputs such as biofertilizers, biostimulants, and biopesticides that enhance soil health, increase crop resilience and yield, while minimizing the necessity for chemical fertilizers and pesticides.

"As wild fish stocks continue to decline and protein demand rises, the pressure on aquafeed and livestock inputs is only going to grow. We are building a platform that makes high-quality, science-driven feed and agri-inputs accessible, affordable, and scalable for global markets," says Siddharth Sharma, co-founder of GreenGrahi.

Shruti Srivastava, investment director at Avaana Capital says, "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.”

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Avaana Capital states that this round represented the biggest funding round in the insect biotech sector of India to date. Avaana Capital secured $150 million last year, with almost a third of that amount already invested.