Arboreal Bioinnovations Raises ₹230 Cr To Supply Nutrition Ingredients To Brands

Specialty food and nutraceutical ingredients startup Arboreal Bioinnovations has raised ₹230 Cr (about $24 Mn) in a Series A round co-led by EAAA Alternatives and Omnivore, with participation from existing investor Rainmatter by Zerodha. The Lucknow-based startup plans to deploy the fresh capital to expand its manufacturing capacity, strengthen R&D capabilities, and accelerate the commercialisation of its next generation of functional ingredients. Founded in 2018 by Swati Pandey and Manish Chauh