India, March 25 -- Agritech startup Grow Indigo has secured a strategic investment of $10 Mn (around INR 85.7 Cr) from British International Investment (BII).

The Mumbai-based startup plans to deploy the fresh proceeds to expand its sustainability programmes and scale up carbon farming initiative.

"With this funding, we will accelerate farmer enrollment and scale carbon farming initiatives," said Usha Zehr, executive director at Grow Indigo.

Founded as a joint venture between US-based Indigo Ag and Mahyco (Maharashtra Hybrid Seeds Co) in 2018, Grow Indigo offers sustainable solutions to boost farmers' income, enhance product quality and reduce resource wastage.

Its solution suite includes seed treatment products, supplements for soil ...