Zaara Biotech scoops up investment from Transcend International
The startup has also manufactured India’s first algal seaweed cookies, including high protein algal Spirulina cookies.;
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Thiruvananthapuram: Biotechnology startup Zaara Biotech, fostered under the Kerala Startup Mission's (KSUM) flagship IEDC (Innovation and Entrepreneurship Development Centre) scheme, has scooped up an undisclosed amount of investment from US-based Transcend International to set up the startup's Algal seaweed technology facility in America.
Zaara Biotech will use the amount for setting up a manufacturing facility for food and beverages under the brand name 'B-lite', an algal-seaweed culturing facility, and a research centre for photobioreactors in USA, a release said on Saturday.
In 2021, Zaara Biotech secured a $10 million investment from UAE-based TCN International Commerce for the same technology. Currently, Zaara is working in the UAE for setting up the manufacturing facility for FMCG products.
Lauding the startup's achievement, KSUM CEO John M Thomas said Zaara Biotech's growth is a testimony to the vibrancy of IEDCs on campuses in nurturing entrepreneurial skills among students.
Read also: Zaara Biotech bags USD 10 million investment from UAE
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