Arboreal Bioinnovations raises Rs 230 Cr in Series A round co-led by EAAA and Omnivore

Arboreal Bioinnovations, a speciality food and nutraceutical ingredients technology company, has raised Rs 230 crore in a Series A round of funding co-led by EAAA, the alternative assets management arm of Edelweiss, and Omnivore. The round also saw participation from existing investor Rainmatter by Zerodha. Arboreal will deploy the capital to expand manufacturing capacity, strengthen R&Dcapabilities, and accelerate the commercialisation of its next generation of functional ingredients.