Growpital- a sustainable agriculture fin-tech start-up, has announced its latest achievement in creating permanent wage opportunities for farmers and closing the fiscal year at 60 crores with a profit of 8 crores. One of its kind platform, Growpital offers investment opportunities in commercial agriculture projects. Investments through Growpital are focused on delivering maximum potential returns while minimizing risks through strategic diversification of crop plantations and the practice of varied farming methods.
Growpital’s innovative business model supports the farming community, offers tax-free fixed returns to investors, and supplies high-quality agricultural products to buyers. Aligned with that, Growpital has grown from 100 acres to 2000 acres and is projected to acquire 7000 acres of farmland by the next fiscal year.
This expansion has led to a positive impact on the lives of farmers, providing them with a monthly wage of INR 15,000, three times more than before. The farmers can subsequently earn a share of the profits from the products sold. The company is also supporting the farming community by sponsoring education for their children, supporting medical spending, and more.
"We are thrilled to have closed the fiscal year profitable," said Rituraj Sharma, Founder of Growpital. He added, “Over the last 7 years, Growpital has seen significant growth and has been acknowledged as one of the most innovative startups. This fiscal year our farmlands have generated 20 lakhs yield and have been sold at profitable margins. We wish to continue to ride on this momentum garnered and maximize the agricultural landscape of India that has so much to offer.”
With this steady growth Growpital is anticipating the upcoming financial year closing to be 250 Crores.
The success of Growpital can be attributed to the founders' confidence, risk tolerance, self-discipline, determination, and competitiveness. As a bootstrapped start-up, they have successfully navigated the challenges of building a sustainable agriculture business from the ground up.
Giving retail investors access to high-return prospects, Growpital was founded to democratize farm investments fundamentally. Operationally active since 2016 but formally founded in 2020 by visionary Agripreneur Mr. Rituraj Sharma and Mr. Krishnna Joshi, Growpital has been assiduously working towards reviving the agriculture sector – one investment at a time.
Solving the problem of high risk and low returns of retail investors, the platform offers investment opportunities in commercial agriculture projects that produce the maximum potential returns while minimizing risks through strategic diversification of crop plantations and the practice of varied farming methods.
The company allows investors to actively influence the agricultural sector – thus solidifying their mission of connecting ‘Bharat to India’ - and earn modest returns. Growpital invests its funds and resources in a variety of agricultural projects, giving them the tools and support they need to manage risks and accomplish operational objectives.
The company provides various investment options for investors, such as Baby farming, Planty returns, Harvest Premium and Banyan Tree. Growpital also ensures that the funds from the investment options mentioned on the platform are allocated to agricultural projects that a fitting group of agriculture professionals and knowledgeable farmers oversee.
