Zaara, an Indian biotech startup just raised a $10 million investment from the UAE-based TCN International Commerce for its “Algae –Seaweed Technology” project, showcased in the GITEX 2020 international conference held in Dubai.
Focusing on research in energy and food crisis using micro-algae, Zaara Biotech will use the funds in its R&D, production, distribution and marketing under TCN International Commerce to reach the global arena.
Zaara Biotech was founded by Najeeb Bin Haneef when he was a biotechnology engineering student of Sahrdaya College of Engineering and Technology in 2016. The biotech startup, which was incubated in Sahrdaya Technology Business Incubator, has collaboration with CIFT and it has helped the company to become India’s first algal-seaweed food product designer.
The team of Zaara had set up a ‘Mushroom Hub’ during their first year at the campus before foraying into their entrepreneurial venture. By designing photo bioreactors using micro-algae, the biotech startup has taken great leaps in bringing India to the forefront of bioengineering. Their work has got them laurels from India and abroad.
On its part, TCN International Commerce is not only interested in biotechnology, the Emirati conglomerate is invested in IT, business process management, trading, healthcare, education, FMCG, construction and engineering, defense, critical service providers, aviation, and oil and gas.
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