Emerging out of stealth mode, biotech startup StrainX Bioworks has raised $13 Mn (around 124 Cr) in a funding round led by Prime Venture Partners and Leo Capital. The round also saw participation from Good Startup, Sparrow Capital, Sun Icon Ventures, Dholakia Ventures, and WindT Angels (founded by IIT Delhi alumni). This marked the first investment by Singapore-based Good Startup, which exclusively backs biotech firms, in India, StrainX cofounder Akshay Mittal told Inc42. StrainX plans to deploy the capital to expand capacity at its Bhopal bio-manufacturing fermentation facility and commence commercial-scale production. A part of the funds will also be used to bolster its Bengaluru R&D lab by hiring more scientists and ramping up its tech capabilities. Founded in 2023…
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Key Points at a Glance
- International amount: $13 Mn
- Originally reported by leading Indian financial media
- Relevant for entrepreneurs, MSMEs, investors, and business professionals
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Source & Further Reading
This news report was originally published by Inc42 on Mon, 25 May 2026.
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