The round saw interest from investors globally including participation from Indigo AG, Mahyco and HNIs.
“Grow Indigo has conceptualized the concept of farming carbon as a crop for small holder farmers in India. When implemented on 120 million acres of cropland in India, a 1% increase in soil carbon would remove 7+ gigaton carbon dioxide equivalent from the atmosphere,” the company said.
Launched in 2021, the company expects to enroll over 3.5 million acres in the next two years.
“With sustainability at its core, Grow Indigo will continue to scale-up carbon farming in India”, said, Usha Barwale Zehr, Executive Chairman of Grow Indigo.
The company said it has a team of 200 agronomists, data scientists, engineers, sales team and researchers committed to solving the climate crises through agricultural interventions.
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The Mumbai-based company further said that it has invested significantly to build a library of useful microbes,
which enables farmers to reduce their chemical inputs and increase their ability to generate carbon credits.
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