When was GrowiT founded?

GrowiT was founded in 2020 and raised its 1st funding round 2 years after it was founded.

Where is GrowiT located?

GrowiT is headquartered in Surat, India. It is registered at OFFICE-606A, UNION HEIGHTS OPP. LALBHAI STADIUM, VESU, Surat, SURAT, Gujarat, India, 395007.

Who is the current CEO of GrowiT?

Saurabh Kamalkishore Agarwal of GrowiT. They have also founded 1 company.

Which legal entities is GrowiT associated with?

GrowiT is associated with GROWIT INDIA PRIVATE LIMITED.

How many employees does GrowiT have?

As of Aug 31, 2025, GrowiT has 91 employees, reflecting a 4% year-over-year growth in headcount.

Is GrowiT a funded company?

GrowiT is a funded company, having raised a total of $4.39M across 4 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Apr 09, 2022.

How much is GrowiT worth?

The latest valuation of GrowiT is $***** as of Oct 15, 2025. This marks a decline of 3% from its peak valuation of $16.3M in Apr, 2022. This marks a decline of 3% from its peak valuation of $16.3M in Apr, 2022.

When was the latest funding round of GrowiT?

GrowiT's latest funding was a $***** Series A round on Mar 06, 2025, with participation from 17 investors. Its primary sector is Crop Tech. In India, the Crop Tech sector has seen $170M in funding in 2026 to date.

What is the annual revenue of GrowiT?

Annual revenue of GrowiT is between ₹10 Cr and ₹50 Cr as on Mar 31, 2025

Where does GrowiT rank among its competitors?

GrowiT ranks 7th amongst 1202 active competitors, of which 53 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was XAG, which secured an undisclosed amount in Oct, 2026.

Who are the top competitors of GrowiT?

GrowiT's top competitors include Sadbhav Future Tech, Balwaan Krishi and Topcon Positioning. Among them, XAG secured the most recent funding round in October, 2026.

GrowiT - 2026 Company Profile, Team, Funding, Competitors & Financials

GrowiT is a series A company based in Surat (India), founded in 2020 by Akshay Kamalkishore Agarwal and Saurabh Kamalkishore Agarwal. It operates as a Provider of plasticulture solutions for protected cultivation. GrowiT has raised $4.39M in funding from investors like Gujarat Venture Finance, CMG and Caspio Advisory, with a current valuation of $*****. The company has 1202 active competitors, including 53 funded and 52 that have exited. Its top competitors include companies like Sadbhav Future Tech, Balwaan Krishi and Topcon Positioning.

Company Details

Provider of plasticulture solutions for protected cultivation. They provide products including mulch films, crop covers, shade nets, grow bags, and agri wires to boost crop yields and sustainability. It also offer soil testing devices and related agronomy services.

Website: thegrowit.com
Social
Registered Address: OFFICE-606A, UNION HEIGHTS OPP. LALBHAI STADIUM, VESU, Surat, SURAT, Gujarat, India, 395007

Key Metrics

Founded Year

2020

Location

Surat, India

Stage

Series A

Total Funding

$4.39M in 4 rounds

Latest Funding Round

Series A, Mar 06, 2025, $*****

Post Money Valuation

$***** as on Oct 15, 2025

Investors

Gujarat Venture Finance & 115 more

Ranked

7^th among 1202 active competitors

Annual Revenue

₹10 - ₹50 Cr as on Mar 31, 2025

Employee Count

91 as on Aug 31, 2025

Investment & Acquisitions

CUSMAT & 1 more

Similar Companies

Balwaan Krishi & 643 more

View GrowiT's full profile

GrowiT is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
GROWIT INDIA PRIVATE LIMITED CIN: U25199GJ2020PTC113833 , India, Active	Jun 08, 2020	₹10 - ₹50 Cr (As on Mar 31, 2025)	68 (As on Apr 01, 2026)

GrowiT has raised a total funding of $4.39M over 4 rounds. Its first funding round was on Apr 09, 2022. Its latest funding round was a Series A round on Mar 06, 2025 for $*****. 17 investors participated in its latest round. GrowiT has 33 institutional investors and 83 angel investors.

Here is the list of recent funding rounds of GrowiT:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 06, 2025	8730075	Series A	5600430	5867482	7257702	4652090
Feb 03, 2023	8850505	Seed	3637460	2240349	1452175	Uttam Sultania & 30 more
Aug 22, 2022	9300440	Seed	2303104	6715496	7447589	We Founder Circle

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View details of GrowiT's funding rounds and investors

The founders of GrowiT are Akshay Kamalkishore Agarwal and Saurabh Kamalkishore Agarwal. Saurabh Kamalkishore Agarwal is the CEO of GrowiT.

Here are the details of GrowiT's key team members:

Akshay Kamalkishore Agarwal: Co-Founder & Technical Director of GrowiT. They serve on the board of 1 company.
Contact Info: 1 email address and 1 phone number
Saurabh Kamalkishore Agarwal: Co-Founder & CEO of GrowiT. They serve on the board of 1 company.
Contact Info: 1 email address and 1 phone number

GrowiT's Board of Directors

GrowiT's board has 3 active members. Akshay Kamalkishore Agarwal, Saurabh Kamalkishore Agarwal and Mihirkumar Arvind Joshi are part of team.

Here is the list of GrowiT's board of directors:

Name	Type	Representing	Status	Duration
Akshay Kamalkishore Agarwal	Team	-	Current	6y 4m
Saurabh Kamalkishore Agarwal	Team	-	Current	6y 4m
wlqilve	Investor	-	Past	9y 6m
rmxmuyp	Independent board member	-	Past	4y 5m
yuvjztn	Independent board member	-	Past	4y 1m
fsmkrtl	Independent board member	-	Past	3y 3m
tqygymc	Independent board member	-	Past	4y 1m
cpnuhck	Independent board member	-	Past	8y 3m
pdbnjln	Independent board member	-	Past	5y 8m

View details of GrowiT's Founder profiles and Board Members

GrowiT's employee count trend

GrowiT has 91 employees as of Aug 25. The total employee count is 3.0% more than what it was in Aug 24. Here is GrowiT's employee count trend over the years:

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Top competitors of GrowiT include Sadbhav Future Tech, Balwaan Krishi and Topcon Positioning. Here is the list of Top 10 competitors of GrowiT, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Sadbhav Future Tech 2020, Gurugram (India), Seed	Provider of on-grid and off-grid solar power solutions and pumps	$4.21M	Chanakya Fund, Ushma Enterprise & 39 others	65/100
2nd	Balwaan Krishi 2016, Jaipur (India), Series B	Manufacturer of agricultural machinery and farming tools designed to improve efficiency and productivity	$18.2M	JM Financial Private Equity, Caspian Equity ... & 14 others	65/100
3rd	Topcon Positioning 1932, United States, Unfunded	Manufacturer of precision positioning and construction equipment and related software	-	-	64/100
4th	XAG 2007, Tianhe (China), Series C	Manufacturer of agricultural drones, robots, autopilot consoles, and smart farm systems	$248M	Baidu Ventures, SoftBank Vision Fund & 7 others	60/100
5th	Tractor Zoom 2017, Ames (United States), Series B	Connecting buyers and sellers of farm equipment through data-driven solutions	$27.1M	Innova Memphis, Ag Startup Engine & 9 others	59/100
6th	SunCulture 2012, Nairobi (Kenya), Series B	Solar irrigation solutions empowering smallholder farmers with sustainable technology and financial access	$45.5M	EDF, E3 Capital & 15 others	55/100
7th	GrowiT 2020, Surat (India), Series A	Provider of plasticulture solutions for protected cultivation	$4.39M	Gujarat Venture Finance, IVY Growth Associates ... & 114 others	54/100
8th	BioLumic 2012, Palmerston North (New Zealand), Series B	Programming plant growth, vigour, and yields with UV light technology	$34.8M	Finistere Ventures, OurCrowd & 19 others	53/100
9th	CLAAS 1913, Harsewinkel (Germany), Acquired	Manufacturer of agricultural machinery, digital solutions, service, and spare parts	-	Economy And Finance	51/100
10th	General Aeronautics 2016, Bengaluru (India), Series A	Developer of unmanned aerial vehicles for precision agriculture and engineering	$7.11M	Mela Ventures, Wealthy Ideas & 9 others	51/100

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GROWIT INDIA PRIVATE LIMITED, the legal entity associated with GrowiT, generated between ₹10 Cr and ₹50 Cr in revenue for the financial year ending on Mar 31, 2025. The revenue of GROWIT INDIA PRIVATE LIMITED has a compounded annual growth rate (CAGR) of 35% in the last 1 year.

Financial Statement Summary

Metrics	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21
Income Statement
Revenue	5467	2268	6802	2612	2767
Total Sales	6386	6004	7098	5017	8217
Total Expenses	4322	2996	8388	5474	3039
Operating Expenses	1170	5471	1491	5688	1230
Employee Expenses	6611	7024	1066	8118	6367
Marketing Expenses	7754	7434	2653	9846	6263
Operating Income (EBIT)	1244	6921	2904	7392	2954
Interest Expenses	7376	9961	3789	1020	6510
Expenses from other activities	3890	9092	5360	1228	3849
EBITDA	3683	2808	9538	7543	5158
Taxes	7767	9332	8493	1046	7684
Net Profit	4331	8451	2301	4408	6861
Balance Sheet
Assets	2876	4128	7135	1787	2728
Cash Equivalent	9409	8467	5661	4294	7526
Accounts Receivables	2219	2118	4707	2991	6782
Inventory	9693	6778	3847	8393	9332
Liabilities	8184	8620	4384	3137	6109
Total Debt	5374	1791	3631	2451	5554
Accounts Payable	6165	1682	3634	5202	4949
Equities	1644	1879	4056	8811	6527
Cashflow Statement
Cash from Operating activities	2106	2817	5223	4350	7890
Cash from Investing activities	3830	6196	2562	9708	5873
Net cash from Financing activities	3227	6685	3097	4196	8787

Detailed Financials (Income Statement, Balance Sheet, Cashflow Statement)

Founders (largest shareholder) own 65.80%, Funds own 11.71%, Enterprises own 2.65% and Angels own 10.73%. The net worth of GrowiT's founders is INR 93.2Cr as of Oct 15, 2025. The cap table displayed below is for GROWIT INDIA PRIVATE LIMITED which is the legal entity associated with GrowiT.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	65.80%	93.2Cr	6494000	6521484	2720534	4526521
Akshay Kamalkishore Agarwal	2255247	1155203	8932814	2754119	1381395	2495952
Saurabh Kamalkishore Agarwal	6720638	8094510	7272218	6608585	1100585	4726865
Fund	11.71%	16.6Cr	4726328	4127359	7406066	2386909
Gujarat Venture Finance	7822721	5854003	6978065	3420319	9532825	7047729
Veloce Opportunities Fund	4	1	6	7	5	7
We Founder Circle	0	0	0	0	0	0
Enterprise	2.65%	3.75Cr	10	64	93	12
Angel	10.73%	15.2Cr	3509822	6341731	4138072	5278813
Uttam Sultania	0	0	0	0	0	0
Other People	0.66%	92.9L	0	0	0	0
ESOP Pool	8.46%	12Cr	4236131	1059308	9338378	5885402
Total	100.00%	142Cr	8392054	2546706	1991976	8699973