Biotech startup GreenGrahi has raised nearly $3.8 million in its seed funding round led by Avaana Capital. Separately, e-commerce company Flipkart has raised nearly $62 million in funding from its Singapore-based parent entity.
Avaana leads funding in GreenGrahi
Biotech startup GreenGrahi on Thursday announced that it has raised nearly $3.8 million (Rs 32 crore) in its seed funding round led by venture capital fund Avaana Capital.
The round also saw participation from existing investors Huddle Ventures, Campus Fund, Blume Founders Fund, and angel investors including Nitin Sharma (Nexus Ventures), Anchit Gupta (Samara Capital), David Chen (Equilibrium Capital), and Sameer Brij Verma (Northpoint Capital), the startup said in a statement.
Founded by Shivali Sugand and Siddharth Sharma, GreenGrahi is developing an insect biotechnology platform powered by the Black Soldier Fly (BSF) and its microbiome. The company produces insect proteins, functional oils, and hydrolysates tailored for aquaculture, poultry, and pets that are designed to deliver superior nutrition, better digestibility, and greater price stability compared to conventional inputs like fishmeal and soya, the statement said.
Alongside, GreenGrahi also makes biological agri-inputs—including biofertilisers, biostimulants, and biopesticides—that it claims help improve soil health, boost crop resilience and yield, and reduce the need for chemical fertilisers and pesticides.
The freshly raised funds will be used to build India’s largest BSF bio-factory, capable of processing 150 tonnes of feedstock daily.
Flipkart raises $62m from parent entity
Walmart-owned e-commerce company Flipkart has raised nearly $62 million funding from its Singapore-based parent entity Flipkart Marketplace Private Limited and its step-down subsidiary Quickroutes International Private Limited, per media reports.
The e-commerce giant’s board issued 76,179 equity shares at Rs 69,966.28 per share on a rights issue basis to raise the aforementioned funds, Inc42 reported citing the company’s regulatory filings with the Registrar of Companies (RoC).
This funding round is the second significant infusion for Flipkart Internet from its Singapore-based entities in 2025. Earlier this month, Flipkart, through its Singapore holding company, infused Rs 3,248.9 crore in its Indian marketplace entity.
