Grow Indigo, India’s pioneering agri-tech company, has secured $10 million from British International Investment (BII), the UK’s development finance institution and impact investor.
“Regenerative agriculture is the future of farming, not only for improving soil health, conserving water but also for creating improved livelihoods for millions of smallholder farmers,” said Dr. Usha Barwale Zehr, Executive Director of Grow Indigo. “With this funding, we will accelerate farmer enrollment and scale carbon farming initiatives. Maintaining integrity of the sustainability outcomes, by way of carbon credits and Scope 3 emission reductions, is of utmost importance to us and will bring maximum value to farmers with our science-backed MRV offerings. We are thrilled to be partnering with BII to pursue these critical objectives for India’s sustainability objectives.”
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Founded in 2018, the Company is leading the carbon farming revolution with over 2.5 million acres of smallholder farmland already enrolled across 7 states. This strategic funding will accelerate the expansion of Grow Indigo’s transformative sustainability programs across India.
Srini Nagarajan, Managing Director and Head of Asia at BII, said: “Rice, wheat, and maize are staple foods in India, cultivated by numerous smallholder farmers who are vulnerable to the impacts of climate change. Through our innovative pools of capital, we are proud to support pioneering businesses like Grow Indigo that address adoption barriers by harnessing the potential of carbon markets. This initiative not only reduces carbon emissions but also enhances farmers’ climate resilience and increases their incomes. This is aligned with the Government’s policies to support regenerative agri practices.”
Jennifer Kaul, Deputy Director, Investments, South Asia at the British Deputy High Commission in Mumbai, said: “India’s strong resolve in the adoption of regenerative agricultural practices is noteworthy. The agricultural sector plays a key role, both for food security and as a valuable export commodity. The UK government is committed to investments that support our climate and sustainability goals, not least in the agricultural sector. British International Investment’s support to Grow Indigo is a welcome step in this direction and reflects the deep partnership between our nations, which is underpinned by growth and sustainability.”
About Grow Indigo
Grow Indigo, company established by Mahyco Private Ltd and Indigo Ag, is engaged, in the business of research and development, production, processing and marketing of biologicals and linking farmers to voluntary carbon markets by farmer enrolment, advisory, monitoring, reporting and verification of regenerative agricultural practices adopted by the farmers for carbon removal units and sustainable produce. Grow Indigo is the leading Agri-solutions provider for sustainable and regenerative agriculture having presence across 16 states with 2000+ distribution partners and 600+ feet on ground team offering product from seed treatment to harvest.
