KSUM-backed biotech startup secures investment from US company

New Delhi: Biotechnology startup Zaara Biotech, fostered under the Kerala Startup Mission’s (KSUM) flagship Innovation and Entrepreneurship Development Centre (IEDC) 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 the US. 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 the US.