GROWiT is a startup focused on protective farming, helping farmers increase yield while reducing water, pesticide, and fertilizer usage by 50%

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The company claims to boost crop yield and quality, potentially increasing farmers' incomes by 50-100%, impacting over 15,000 farmers in India

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GROWiT sought ₹1 Crore for 1% equity, valuing the company at ₹100 Crores, amidst a growing mulching market worth ₹450-₹500 Crores in India

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They operate over 70 demo farms and have 18 products, with mulching films accounting for nearly 80% of their revenue

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GROWiT has bought back ₹40 Lakhs worth of plastic to recycle, making them India’s first company to focus on reducing environmental impact

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In FY21-22, GROWiT reported ₹20 Crores in sales and projected revenues of ₹40 Crores for FY22-23, with 60% of sales coming from B2B

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The startup’s B2C segment is EBITA positive but net profit negative, while their B2B gross margin stands at 22% with a 2-3% profit after tax

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Namita and Peyush offered funding, which Saurabh and Akshay accepted after declining to counter the offer

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