Cellarim Labs raises seed round led by 3i Partners and Venture Catalysts

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Cellarim Labs, a biotechnology startup working on cell free biomanufacturing for beauty and personal care ingredients, has raised Rs 6 crore in a seed funding round co led by 3i Partners and Venture Catalysts. The round also saw participation from Momentum Capital, Jashan Bhumkar, Gayathri Kuppendra Reddy, and other investors.

The proceeds will be used to set up a pilot scale biomanufacturing facility, accelerate commercial production of NeuHyal™, and expand its B2B ingredient supply to beauty and cosmetic brands, Cellarim Labs said in a press…



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Cellarim Labs raises seed round led by 3i Partners and Venture Catalysts


Cellarim Labs, a biotechnology startup working on cell free biomanufacturing for beauty and personal care ingredients, has raised Rs 6 crore in a seed funding round co led by 3i Partners and Venture Catalysts. The round also saw participation from Momentum Capital, Jashan Bhumkar, Gayathri Kuppendra Reddy, and other investors.

The proceeds will be used to set up a pilot scale biomanufacturing facility, accelerate commercial production of NeuHyal™, and expand its B2B ingredient supply to beauty and cosmetic brands, Cellarim Labs said in a press…



Source link

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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