710
17 days ago
Exclusive: Grevoro Bags ₹43 Cr From Family Offices To Build Low-Carbon Products
Summary
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Stay ahead with the latest news, funding, startup financials, & governments policies on the hottest tech industries in the Indian startup ecosystem.
Get featured, partner or work with India's #1 startup media & intelligence platform and explore what else Inc42 has to offer.
D2CX by Inc42 is a 12-week hands-on program to help you level up your D2C game. Learn from India's top 1% D2C founders and experts through actionable insights, proven strategies and tactics on how to 10X your D2C brand.
ManagementX by Inc42 – India’s first Startup Management Program is a 6-month hands-on program that will take you on an intense journey that shatters the outdated “employee mindset” and equips you with the “leader mindset”.
D2CX Foundations by Inc42 is a 6 week hands-on program to help you launch your D2C brand successfully and profitably. Learn from India’s top 1% of D2C founders & experts through actionable insights, proven strategies and tactics on how to launch a successful D2C Brand in 6 weeks.
The IP-led low-carbon industrial manufacturing startup raised the funding from family offices of Atha and Misra groups
Founded by former Zetwerk executives Vijayanand and Raghav Jaju, Grevoro is addressing the growing demand for carbon compliance in industrial procurement
The startup plans to use the funds to make its manufacturing intelligence platform production-ready and meet net worth requirements for getting an NBFC licence
Bengaluru-based IP-led low-carbon industrial manufacturing startup Grevoro has raised ₹43 Cr (about $4.7 Mn) in seed funding from the family offices of Atha and Misra groups, cofounder Vijayanand K said.
The startup plans to use the funds to make its manufacturing intelligence platform production-ready and meet net worth requirements for getting an NBFC licence, the cofounder told Inc42.
Founded in October 2025 by former Zetwerk executives Vijayanand and Raghav Jaju, Grevoro is an industrial manufacturing startup focused on sustainability. It addresses the growing demand for carbon compliance in industrial procurement by integrating its proprietary manufacturing, intelligence and capital with the production layer.
The startup’s business model is to combine advanced manufacturing data with strategic capital. Grevoro enables manufacturing facilities to meet the rigorous reliability and compliance standards required by major industrial and infrastructure buyers.
It has three primary offerings:
Sustainable Manufacturing: Under this, it helps factories transition to low-carbon operations by offering real-time emission and energy monitoring, circular and recycled material integration, thermal and resource efficiency.
Brand Manufacturing: Under this, it builds and supplies sustainable industrial products for consumption, infrastructure, automotive, textiles, and agritech segments.
Grevoro Capital: The startup also offers ESG-linked loans, supply chain finance and structured financial products to accelerate the adoption of sustainable technologies.
Vijayanand said that Indian manufacturers face growing pressure from customers, regulators, and export markets to cut carbon emissions, use circular materials, and disclose ESG data, but most lack the in-house capability to measure emissions, redesign inputs, or raise ESG-linked capital.
The startup is currently enabling the manufacturing of structural steel for the renewable energy sector and construction chemicals used in infrastructure.
Vijayanand added that Grevoro wants to be sector-agnostic. It plans to enter a new segment by the end of FY27.
This comes at a time when sustainability has emerged as one of the key focus areas in the manufacturing sector. A number of Indian startups are providing products and services to help manufacturing units and corporates achieve their sustainability goals. These startups are also getting attention from investors looking to capitalise on the opportunity.
Late last year, AI-enabled ESG risk management platform GreenFi raised $2 Mn (about ₹17.7 Cr) in its seed funding round led by Transition VC. Prior to that, Alt Carbon raised $12 Mn (around ₹102.8 Cr) in its seed funding round led by San Francisco-based AI robotics company Physical Intelligence’s founder and chief executive, Lachy Groom.
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ManagementX by Inc42 – India’s first Startup Management Program is a 6-month hands-on program that will take you on an intense journey that shatters the outdated “employee mindset” and equips you with the “leader mindset”.
D2CX Foundations by Inc42 is a 6 week hands-on program to help you launch your D2C brand successfully and profitably. Learn from India’s top 1% of D2C founders & experts through actionable insights, proven strategies and tactics on how to launch a successful D2C Brand in 6 weeks.
Stay ahead with the latest news, funding, startup financials, & governments policies on the hottest tech industries in the Indian startup ecosystem.
Get featured, partner or work with India's #1 startup media & intelligence platform and explore what else Inc42 has to offer.
Stay ahead with the latest news, funding, startup financials, & governments policies on the hottest tech industries in the Indian startup ecosystem.
Get featured, partner or work with India's #1 startup media & intelligence platform and explore what else Inc42 has to offer.
D2CX by Inc42 is a 12-week hands-on program to help you level up your D2C game. Learn from India's top 1% D2C founders and experts through actionable insights, proven strategies and tactics on how to 10X your D2C brand.
ManagementX by Inc42 – India’s first Startup Management Program is a 6-month hands-on program that will take you on an intense journey that shatters the outdated “employee mindset” and equips you with the “leader mindset”.
D2CX Foundations by Inc42 is a 6 week hands-on program to help you launch your D2C brand successfully and profitably. Learn from India’s top 1% of D2C founders & experts through actionable insights, proven strategies and tactics on how to launch a successful D2C Brand in 6 weeks.
The IP-led low-carbon industrial manufacturing startup raised the funding from family offices of Atha and Misra groups
Founded by former Zetwerk executives Vijayanand and Raghav Jaju, Grevoro is addressing the growing demand for carbon compliance in industrial procurement
The startup plans to use the funds to make its manufacturing intelligence platform production-ready and meet net worth requirements for getting an NBFC licence
Bengaluru-based IP-led low-carbon industrial manufacturing startup Grevoro has raised ₹43 Cr (about $4.7 Mn) in seed funding from the family offices of Atha and Misra groups, cofounder Vijayanand K said.
The startup plans to use the funds to make its manufacturing intelligence platform production-ready and meet net worth requirements for getting an NBFC licence, the cofounder told Inc42.
Founded in October 2025 by former Zetwerk executives Vijayanand and Raghav Jaju, Grevoro is an industrial manufacturing startup focused on sustainability. It addresses the growing demand for carbon compliance in industrial procurement by integrating its proprietary manufacturing, intelligence and capital with the production layer.
The startup’s business model is to combine advanced manufacturing data with strategic capital. Grevoro enables manufacturing facilities to meet the rigorous reliability and compliance standards required by major industrial and infrastructure buyers.
It has three primary offerings:
Sustainable Manufacturing: Under this, it helps factories transition to low-carbon operations by offering real-time emission and energy monitoring, circular and recycled material integration, thermal and resource efficiency.
Brand Manufacturing: Under this, it builds and supplies sustainable industrial products for consumption, infrastructure, automotive, textiles, and agritech segments.
Grevoro Capital: The startup also offers ESG-linked loans, supply chain finance and structured financial products to accelerate the adoption of sustainable technologies.
Vijayanand said that Indian manufacturers face growing pressure from customers, regulators, and export markets to cut carbon emissions, use circular materials, and disclose ESG data, but most lack the in-house capability to measure emissions, redesign inputs, or raise ESG-linked capital.
The startup is currently enabling the manufacturing of structural steel for the renewable energy sector and construction chemicals used in infrastructure.
Vijayanand added that Grevoro wants to be sector-agnostic. It plans to enter a new segment by the end of FY27.
This comes at a time when sustainability has emerged as one of the key focus areas in the manufacturing sector. A number of Indian startups are providing products and services to help manufacturing units and corporates achieve their sustainability goals. These startups are also getting attention from investors looking to capitalise on the opportunity.
Late last year, AI-enabled ESG risk management platform GreenFi raised $2 Mn (about ₹17.7 Cr) in its seed funding round led by Transition VC. Prior to that, Alt Carbon raised $12 Mn (around ₹102.8 Cr) in its seed funding round led by San Francisco-based AI robotics company Physical Intelligence’s founder and chief executive, Lachy Groom.
Unlock special offers and join 10,000+ founders, investors & operators staying ahead in India’s startup economy.
Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the
hottest startup deals, supercharge your innovation projects, and stay updated with expert
curation.
Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn
to validate ideas, acquire customers, secure funding, and navigate the journey to startup
success.
Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence,
understand market landscapes, and decode emerging trends to make informed decisions.
Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful
investors, and keep track of upcoming funds, accelerators, and more.
Join a community of 10,000+ leaders & operators – unlock unlimited access to Inc42 stories,
videos, deals, member-only perks, and more.
Unlock unlimited access to 500+ monthly new stories and Inc42’s complete archive of
40,000+ stories.
Unlock unlimited access to 500+ monthly new stories and Inc42’s complete archive of
40,000+ stories.
Over $250,000 worth deals on software & tools to help your business scale up.
Network with industry leaders & operators with exclusive invites to Inc42’s
member-only virtual events
Enjoy an ad-free and clutter-free
experience as a member, focus on
what really matters to you
Your contribution will go on to
support and empower our unbiased
& data-driven journalism
Join 1000's of entrepreneurs, business leaders & makers and stay ahead with our sharp,
incisive & data-driven analysis on India’s tech and startup economy!
Unlock personalised stories, ad-lite reading, and exclusive newsletters on Inc42.
Tired Of Playing Catchup On Indian Tech?
Stay Ahead. Every Morning at 8
Get The Week’s Most Consequential Developments.
Inc42 In-Depth is your daily 9 PM newsletter with sharp insights from India’s startup economy.
Inc42 Moneyball is your Thursday newsletter on India’s venture capital trends. 4 PM sharp.
Inc42 Markets is your weekly newsletter on tech IPOs & startup stocks. Every Sunday
get access to a list of 200+ family offices betting big on startups
Get access to a list of Alma Mater Of India's Unicorn & Soonicorn Founders
Explore 75,000+ startups, 3,500+ investors, 25,000+ funding rounds and more. Build shortlists and export them instantly.
Login or create a free account to continue reading in private mode.
AI Description
Grevoro, founded by former Zetwerk executives, has secured ₹43 Cr from family offices to develop low-carbon products. The company is focusing on meeting the increasing demand for carbon compliance in industrial procurement.