Join our Waitlist for Expert Advice!

Agritech Startup Growcoms Raises $1 Million Pre-Series A Fund The company intend to use the funding to scale up the tech platform and enhance the market reach

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Company handout

Growcoms, Kochi-based agritech startup supported by Kerala startup mission and incubated in Indigram Labs Foundation, has raised $1.1 million in pre-Series A funding round, led by Info Edge. The company intend to use the funding to scale up the tech platform and enhance the market reach. Besides, the firm plans to facilitate cross-border trade and further strengthen traceability and transparency of the spices value chain.

"The company focuses on creating awareness among farmers about enhancing the quality of produce and thus getting the right value for their products. Growcoms is striving to become a one-stop shop of Indian spices and its value-added products, thereby popularizing them globally by leveraging technology. The firm also facilitates services in agronomy, product development and market linkages," said George Kurian Kannanthanam, founder and CEO, Growcoms.

Founded in 2021 by George Kurian Kannanthanam, Bibin Mathews and Narendranath P, the vision of Growcoms is to improve efficiencies across the complex nodes in the highly fragmented spices value chain. Having worked in companies like ITC, Tata Coffee, AB Mauri and Synthite, the founders are familiar with the gaps prevalent in the overall value chain and the company aims at providing a technology-based solution for some of the prominent issues in the spices B2B domain.

"We believe the Growcoms team is uniquely positioned to address the requirements of domestic as well as international spice and oleoresin buyers. We are excited to partner with the team as they solve fragmentation in the spice supply chain through aggregation of spare capacity, improve market linkages for the unorganized market and introduce product traceability for international trade," said Chinmaya Sharma, partner, Info Edge.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
Marketing

How I Found My Voice and Built a Life as an Entrepreneur — in 3 Acts

I want to share my journey as an entrepreneur and what led to me starting my own company.

Leadership

4 Bold Leadership Moves Every Successful CEO Uses to Navigate Change

Ready to turn fear into fuel and lead with confidence? In this article, I share how leaving my corporate job without a plan led me to build a thriving business. Learn four bold strategies to embrace uncertainty and turn challenges into opportunities for growth today.

Business News

This New Restaurant Is Banking on One Dish — Because It's the Only Entrée on the Menu

The new hotspot is gaining buzz on social media for its innovative yet super simple concept.

Side Hustle

The Side Hustle I Discovered in College Is Earning $500,000 This Year — and It Can Be a Passive Income Stream. Here's How to Set It Up.

Zach Downey stumbled upon a lucrative opportunity after his plans to put a pizza vending machine on campus fell through.

Business News

These 3 Side Hustles Make the Most Money While Working Fewer Hours, According to a New Survey

The survey also found that having a side hustle doubled as a path to becoming more employable.

Business News

This Is the Goal-Setting Method Shohei Ohtani Learned in High School That Helped Get Him to the World Series

The MLB superstar's success did not come as a surprise to him. He had a plan.