Startup Agrizy aims 67% revenue growth to about ₹900 cr in FY27
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Agrizy, a tech-led CRDMO startup, is targeting a 67% revenue growth to approximately ₹900 crore this fiscal year, driven by expansion in India and global markets. The company, which has raised nearly $12 million in funding, aims for continued growth with a focus on R&D and technology, as well as enhancing its international sales network. Agrizy's recent lab upgrades position it well in rapidly growing sectors like functional beverages and personalized nutrition.
Startup Agrizy, a contract, research, development and manufacturing organisation (CRDMO), is targeting a 67 per cent growth in revenue this fiscal to around ₹900 crore, as it looks to expand business in India and enter global markets.
Founded in 2021 by Vicky Dodani and Saket Chirania, Agrizy is a Series A-funded tech-led CRDMO for global food & beverage (F&B) and wellness brands.
The company has raised nearly $12 million so far from investors, including Accion, Ankur Capital, Capria Ventures, Omnivore and Thai Wah Ventures.
Dodani said the company's revenue grew about 55 per cent last fiscal from ₹350 crore in the preceding year.
"Building on this momentum, the company is targeting 1.6 times revenue growth in 2026–27 and is aiming for ₹800-900 crore revenue, with a strong focus on its R&D capabilities, technology and international expansion," he told PTI.
Agrizy helps F&B and wellness brands in research and formulation, sourcing ingredients and also manufacturing of products. It brings AI into the innovation process and pairs this with a network of vetted manufacturing partners, enabling brands to launch their products in a very short time.
Vicky Dodani, cofounder and CEO of Agrizy, said, "This past year’s numbers really come down to brands placing more confidence in us and in the idea that a tech-first approach to product development and manufacturing actually works."
Going forward, he said, the company would focus on going deeper into R&D, sharpening technology and building an international sales and distribution network for exports.
Agrizy is also looking to raise funds, which will be used for expansion and growth.
The company recently revamped its labs, strengthening its capabilities across rapidly growing segments, including functional beverages, gut-health products, sports nutrition, clean-label and plant-based nutrition, personalised nutrition and healthy snacking.
Original Article
Published on Hindu BusinessLine