Avaana Capital leads $3.8 mn seed round in biotech startup GreenGrahi

The funding will be used to build one of India's largest facilities capable of processing 150 tons of feedstock daily and also expand the scientific team and enter global markets

Avaana Capital has led a Rs 32 crore ($3.8 million) seed funding round in GreenGrahi, a biotech startup developing alternatives to traditional animal feed and chemical agricultural inputs using insect biotechnology.

 

The round also saw participation from existing investors Huddle Ventures, Campus Fund, and Blume Founders Fund. It also included leading angel investors such as Nitin Sharma (Nexus Ventures), Anchit Gupta (Samara Capital), David Chen (Equilibrium Capital), and Sameer Brij Verma (Northpoint Capital).

 

Shruti Srivastava, investment director at Avaana Capital, said GreenGrahi’s proprietary insect biotechnology and bioprocessing platform enables the production of high-performance, cost-efficient ingredients at scale. “This is helping