Avaana Capital leads ₹32 crore investment in GreenGrahi to build & scale its innovative insect biomanufacturing platform

New Delhi: Avaana Capital, a venture capital fund focused on backing deep-tech and frontier innovation, has led a ₹32 crore (approx. $3.8 million) seed funding round in GreenGrahi, a next-generation biotech company building resilient & scalable alternatives to conventional animal feed and chemical agriculture inputs using insect biotechnology.

This marks the largest-ever funding round in India’s insect biotech space. The round also saw participation from existing investors Huddle Ventures, Campus Fund, Blume Founders Fund, and leading angel investors including Nitin Sharma (Nexus Ventures), Anchit Gupta (Samara Capital), David Chen (Equilibrium Capital), and Sameer Brij Verma (Northpoint Capital).

GreenGrahi is creating category-shaping innovation in the food and agri-tech space,” said Shruti Srivastava, Investment Director at Avaana Capital. “Their proprietary insect biotechnology and bioprocessing platform enables the production of high-performance, cost-efficient ingredients at scale—helping build resilient food supply chains for global food security through science-backed, market-ready solutions.”

“We’re excited to double down on our investment in GreenGrahi as they lead India’s journey in the insect bio manufacturing industry. The timing is right, the demand is real, and India needed a bold, full-stack operator to build for both local and global markets. We’re proud to back the team as they launch the country’s first and largest BSF bio-factory, and look forward to their continued progress in market adoption and measurable impact.”, said Ishaan Khosla, Partner at Huddle Ventures

Founded by Shivali Sugand and Siddharth Sharma, GreenGrahi is developing a differentiated insect biotechnology platform powered by the Black Soldier Fly (BSF) and its unique microbiome. The company produces high-performance insect proteins, functional oils, and hydrolysates tailored for aquaculture, poultry, and pets—designed to deliver superior nutrition, better digestibility, and greater price stability compared to conventional inputs like fishmeal and soya. Alongside, GreenGrahi has built a new generation of biological agri-inputs—including biofertilizers, biostimulants, and biopesticides—that help improve soil health, boost crop resilience and yield, and reduce the need for chemical fertilisers and pesticides.

The company’s proprietary biomanufacturing system ensures consistent quality and high conversion efficiency, enabling price points that unlock mass-market applicability, moving insect protein and biologicals beyond niche use cases.

As wild fish stocks continue to decline and protein demand rises, the pressure on aquafeed and livestock inputs is only going to grow,” said Siddharth Sharma, Co-Founder of GreenGrahi. “We’re building a platform that makes high-quality, science-driven feed and agri-inputs accessible, affordable, and scalable for global markets.

GreenGrahi is already supplying to partners in shrimp, poultry, and pet food sectors, with results including 7% improvement in shrimp growth and survival rates; 10% higher weight gain and 28% more egg production in poultry; and enhanced gut health, immunity, and palatability in functional pet food applications.

In agriculture, its biological products have demonstrated 25–30% yield improvements, better soil nutrient retention, and reduced pest attacks—delivering higher farmer incomes while helping offset the environmental costs of synthetic inputs.

The ₹32 crore raise will be used to build India’s largest BSF bio-factory, capable of processing 150 tons of feedstock daily. With ready access and demand of 510 Crores annually for it’s products, the company will also expand its scientific team and enter global markets, including the US, UK, and EU.

By combining cutting-edge microbiome science, bioengineering, and a strong manufacturing backbone, GreenGrahi is creating a reliable, cost-effective alternative to some of the most strained links in today’s food supply chain—from protein to crop inputs—while unlocking more value from underused agri-residues.