We are thrilled to announce that we have secured a USD 3.4 million Seed round co-led by Omnivore and WaterBridge Ventures, with participation from Titan Capital and leading angel investors including Nadir Godrej (Godrej Agrovet), Sanjiv Rangrass (ex-ITC), and Akshay Singhal.
With sustainability at its core, co-founders Ankit Alok Bagaria and Abhi Gawri are addressing several environmental challenges of effective food waste management, limited availability of nature-dependent resources, and alternate sources of income for smallholder farmers 🚀🚀
As our waste grows, so must the innovations that aim to tackle it in a planet-friendly way. In India and across the world, individuals and companies have recognized the value of waste and are working to build #wastetowealth technologies. (1/3)
Catch our portfolio startup @Loopworm1's founder Ankit in this podcast with Bharti as he discusses his journey in starting Loopworm along with his co-founder Abhi.
https://t.co/h40YkWNeyp
@Fine_Train
We are proud to announce our investment in insect bio-tech startup Loopworm.🚀
Loopworm is upcycling food waste into protein-rich nutrients and value-added ingredients. This will help transform multiple sectors including aquaculture, pet food, and nutraceuticals.
🚨@Loopworm1, an insect #biotech startup, bags $3.4M in seed round led by @OmnivoreFund & @WBridgeVentures with participation from @TitanCapitalVC & others.
This is Omnivore’s 2nd investment under its OmniX Bio initiative, which backs early-stage #agrifood life science startups.
🔔Deal alert 🔔
We are thrilled to announce our investment in @Loopworm1! The startup is optimizing insect farming for smallholders, while producing value-added nutrients & ingredients for B2B customers. Loopworm is Omnivore’s second investment under its OmniX Bio initiative.
Biotech startup @Loopworm1 has raised $3.4 Mn in its seed round, plans to utilize the funds for talent acquisition, building research & development capabilities and launching its first factory for scaling up production
#biotechstartup#startupecosystem https://t.co/3yvqp4KJeR
Securing the investment is the first important milestone to achieve our long term vision of becoming the most compelling biotech company driving sustainable innovation in nutrition, health and well-being of animals, humans and plants."
We are thrilled to announce that we have secured a USD 3.4 million Seed round co-led by Omnivore and WaterBridge Ventures, with participation from Titan Capital and leading angel investors including Nadir Godrej (Godrej Agrovet), Sanjiv Rangrass (ex-ITC), and Akshay Singhal.
Thank you for all the support @SocialAlphaIN team.
If you are working on a solution to reduce food waste/loss, we encourage you to apply to Techtonic- innovations towards zero food waste by Social Alpha. Link in the quoted tweet.
Loopworm is transforming the food #wastemanagement space by creating an extremely protein-rich diet for poultry farms & fisheries by using #foodwaste.
They #BREAKTHECYCLE with their #innovation everyday!
Does your work #BreakTheCycle too?
Apply today: https://t.co/9w5PSAIo2N
India accounts for about 18% of the world’s population & 12% of global municipal solid waste generation.
Here’s a list of #startups working in the waste management space -
@ReachoutToPhool@zeroplast@Loopworm1@MuddleArt
https://t.co/y3OQPHUPnd
Met these beauties today-black soldier fly!
Champs only: don’t spread diseases, doesn’t harm animals or crop. Only needs water at adult stage. While growing from larvae, digests food waste! Protein rich by products!
@Loopworm1@SocialAlphaIN@SaamuhikaShakti@Lakshmipattab
"The lacklustre state of entrepreneurial activity in agrifood life sciences is counterintuitive given how critical innovations in synthetic biology, chemistry, & biotechnology are for the future of Indian agriculture and food systems." @agri_technology 👏https://t.co/g0P4GgrDQQ
1. @Loopworm1 is working with food waste generators across BLR to create a perfect circular economy around food waste, by converting it into animal feed and compost as well as synthesizing valuable products from it, through insect farming solution.