Eyestem raises Rs 51 crore in Series A round led by Biological E, Alkem, Natco and others

Dr Jogin Desai, Founder and Chief Executive Officer of Eyestem said, "We started Eyestem with the sole purpose of being able to create cell therapy products at scale for diseases that devastate a large number of people in India and the world. The support of major Indian pharma companies who share our vision endorses our strategy of developing affordable innovation for patients worldwide. Post this funding, we will remain focussed on solidifying our cell therapy platform and moving our flagship product for Dry AMD through early clinical trials of an international standard".

Rajeev Nannapaneni, CEO, NATCO Pharma Limited quoted, "We are very happy to be associated with Eyestem for their innovative work that services unmet needs of patients that have high impact for quality of life".

Commenting on the fundraise, Dr. Ramesh Byrapaneni, Managing Partner of Endiya Partners said, "Endiya partners is delighted to back such strong, globally competitive innovative start-ups and participate in the current funding round. The addition of leading pharma and biotech investors on our cap table is a great validation of the world class science that Eyestem is pursuing which can change millions of lives globally".