India, April 24 -- Agri-biotech startup GreenGrahi has secured INR 32 Cr (around $3.7 Mn) in a seed funding round led by Avaana Capital.

The round also saw participation from existing investors, including Huddle Ventures, Campus Fund, Blume Founders Fund, along with a host of angel investors like Nitin Sharma of Nexus Ventures, Anchit Gupta from Samara Capital and others.

The startup plans to deploy the fresh proceeds to build India's largest Black Soldier Fly (BSF) bio-factory, with a capacity to process 150 tonnes of feedstock daily.

Additionally, it also looks to strengthen its scientific team while also expanding its global footprint across US, UK and European Union.

Founded in 2021 by Shivali Sugand and Siddharth Sharma, GreenGra...