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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