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GrowIt Shark Tank India Season 2

by IndiaSuccessStories
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GrowIt Shark Tank India Season 2 Got 50 Lakhs Funding in Exchange of 1% Equity with 50 Lakhs in debt at 10% interest by Namita Thapar and Peyush Bansal.

GrowIt Shark Tank India Season 2

Pitch no 129 with company details

GrowIt

Products that help maximize farm productivity are manufactured by GROWit, including mulch film, shade nets, sticky traps, vermi beds, and agri wires. In order to increase agricultural productivity, it also offers farmers climate-smart agriculture guidance through its mobile application.

Founder of GrowIt

Founded in 2020 by Akshay and Saurabh Agarwal.

GrowIt Funding Round

Company Name

GrowIt

Shark Tank India Season

2

Episode No

40

Season No

2

Brand

GrowIt

Idea

Protective farming products

Original Ask

1 Crore for 1% Equity

Deal

50 Lakhs for 1% Equity and ₹ 50 Lakhs Debt @ 10% Interest

Invested By:

Namita Thapar and Peyush Bansal

At the core of GrowIt's pitch was a dedication to leveraging technology and science to empower farmers and promote sustainable agriculture. Their protective farming products encompassed a range of solutions, including crop protection, soil health enhancement, and water management. From biodegradable mulches to eco-friendly pesticides, GrowIt aimed to provide farmers with the tools they need to maximize yields, minimize environmental impact, and ensure food security for future generations.

The Pitch:

GrowIt entered the tank with a visionary proposition: to develop and distribute protective farming products that enhance crop yield, resilience, and sustainability. With an original ask of ₹1 Crore for 1% equity, GrowIt sought investment to fuel its research and development efforts, expand its product line, and reach a wider audience of farmers across the country. The brand's commitment to agricultural innovation and environmental stewardship struck a chord with investors as they unveiled their portfolio of advanced solutions designed to address the evolving challenges faced by farmers.

The Deal:

GrowIt's compelling pitch and commitment to innovation resonated strongly with investors Namita Thapar and Peyush Bansal, who recognized the potential for transformative impact in the agricultural sector. By securing a deal with Namita Thapar and Peyush Bansal, GrowIt gained not only the financial backing it needed but also strategic partners with expertise in scaling businesses and driving positive change. With their support, GrowIt is poised to accelerate its growth, expand its product offerings, and make a meaningful difference in the lives of farmers across the country.

Investors Behind GrowIt

Namita Thapar and Peyush Bansal: GrowIt's compelling pitch and commitment to innovation resonated strongly with investors Namita Thapar and Peyush Bansal, who recognized the potential for transformative impact in the agricultural sector. By securing a deal with Namita Thapar and Peyush Bansal, GrowIt gained not only the financial backing it needed but also strategic partners with expertise in scaling businesses and driving positive change. With their support, GrowIt is poised to accelerate its growth, expand its product offerings, and make a meaningful difference in the lives of farmers across the country.

Conclusion:

GrowIt's success on Shark Tank India Season 2, Episode 40 underscores the growing importance of innovation in agriculture and the potential for technology-driven solutions to address the complex challenges facing farmers. As they continue to develop and distribute their protective farming products, GrowIt stands poised to make a significant impact on the agricultural sector, empowering farmers, safeguarding the environment, and ensuring a more sustainable future for all.

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