Grow Indigo

Grow Indigo is an Indian agri-tech company established in 2018 as a joint venture between the US-based Indigo Ag and the Indian company Mahyco Grow. The company was founded by Rajendra Badrinarayan Barwale and Kirthee Thakkar. Headquartered in Mumbai, Grow Indigo was created to introduce microbial seed treatment technology to smallholder farmers in South Asia, operating in a market where farms are typically one to three acres. The firm has successfully raised a total of $24 million over three funding rounds, with its latest Series B funding in March 2025 securing $10 million from investors including British International Investment.

The company's business model is centered on three main pillars: Biologicals, Carbon, and Sustainable Produce. For its "Biologicals" segment, Grow Indigo provides farmers with microbial-treated seeds and other biological inputs like bio-fertilizers designed to enhance soil health, improve crop resilience to environmental stresses such as drought, and boost yields. These products are distributed through a direct sales force and a dealer network. The second pillar, "Carbon," involves a carbon farming program that enables farmers to generate an alternative income stream by sequestering carbon in the soil and selling the resulting verified carbon credits. This initiative also assists corporate clients in the food and apparel industries in reducing their Scope 3 emissions. The third pillar, "Sustainable Produce," leverages the company’s expertise in biologicals and carbon accounting to connect farmers with buyers, ensuring better price realization for sustainably grown produce.

Grow Indigo operates a digital platform that serves as a central resource for farmers, offering data-driven insights from satellite imagery and weather patterns to inform decisions on irrigation and pest control. This platform connects a vast network of over 10 million farmers and 100,000 retailers. The company offers solutions for a wide variety of crops including cotton, wheat, corn, soybeans, and rice. With a reported revenue of ₹195 crore as of March 2024, the company aims to enroll over 3.5 million acres in its programs in the coming years.

Keywords: agri-tech, sustainable agriculture, carbon farming, microbial seed treatment, biological inputs, farmer profitability, carbon credits, regenerative agriculture, soil health, crop resilience, Scope 3 emissions, sustainable produce, smallholder farmers, market linkage, data-driven farming, bio-fertilizers, climate solutions, agricultural technology, India, South Asia