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Inflexor Ventures, a tech-focused venture capital firm, led a pre-Series A investment round for the agbiotech business BioPrime Agrisolutions (BioPrime), which raised INR 9 crore. Its current investor, Omnivore, also participated in the investment round. The company plans to use the money for SNIPR biologicals registrations, platform advancement, IP portfolio creation, production capacity growth, and SNIPR biologicals registrations.
“Using cutting-edge technologies and methods, Bioprime strives to improve the way we grow crops, making food more nutrient-rich and residue-free while restoring soil health. Sustainability is always at the centre of everything we do. At Bioprime, we are concentrating on understanding the fundamentals of plant communication, creating novel biologicals based on physiology-modulating chemicals and trait-modifying microorganisms, “the CEO of BioPrime Agrisolutions, Renuka, remarked.
According to the company’s statement, BioPrime Agrisolutions creates agribiologicals that help make crops climate resilient, safeguarding yields and crops from changing weather, impromptu rainfall, and temperature stress.
“We think that BioPrime’s outstanding founding team is ideally suited to handle the challenging issue of food security that climate change has brought to the fore. The high-throughput, IP-led platform for biomolecule discovery will hasten market entry. Such a technological platform is consistent with Inflexor’s investment philosophy, which is to support significant, pure scientific businesses inside the Indian deep tech ecosystem “Inflexor Ventures partner Pratip Mazumdar made the statement.
A sector-neutral venture capital firm called Inflexor Ventures makes investments in deep and emerging technology firms from the pre-Series A to Series B stages.
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