Biotech startup Loopworm raised $3.4 million in Seed co-led by Omnivore and WaterBridge Ventures

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Biotech startup Loopworm raised $3.4 million in Seed co-led by Omnivore and WaterBridge Ventures where Titan Capital and angel investors including Nadir Godrej from Godrej Agrovet, Sanjiv Rangrass from ITC, and Akshay Singhal from Log9 Materials also participated.

Loopworm converts food waste into protein-rich ingredients. To accomplish this, it collaborates with smallholder farmers to establish decentralised insect rearing facilities. The startup intends to use the funds to hire new employees, expand its R&D capabilities, and open its first factory to scale up production. The biotechnology sector in India, which was valued at $63 billion in 2019, is expected to grow to $150 billion by 2025, at a CAGR of 16.4%. Loopworm competes in the sector with other biotech startups such as String and Eyestem.

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Biotech startup Loopworm raised $3.4 million in Seed co-led by Omnivore and WaterBridge Ventures

Biotech startup Loopworm raised $3.4 million in Seed co-led by Omnivore and WaterBridge Ventures where Titan Capital and angel investors including Nadir Godrej from Godrej Agrovet, Sanjiv Rangrass from ITC, and Akshay Singhal from Log9 Materials also participated.

Loopworm converts food waste into protein-rich ingredients. To accomplish this, it collaborates with smallholder farmers to establish decentralised insect rearing facilities. The startup intends to use the funds to hire new employees, expand its R&D capabilities, and open its first factory to scale up production. The biotechnology sector in India, which was valued at $63 billion in 2019, is expected to grow to $150 billion by 2025, at a CAGR of 16.4%. Loopworm competes in the sector with other biotech startups such as String and Eyestem.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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