New Delhi, July 28 -- Bio-manufacturing company Genexis Biotech and electric mobility startup EVeez have raised funding in separate early-stage rounds. Meanwhile, pet care brand Zigly announced its acquisition of Bengaluru-based clinic Dr Santa Animal Healthcare.
Genexis Biotech
Venture capital firm GVFL led the seed funding round of Rs 4 crore ($0.4 million) in biomanufacturing company Genexis Biotech. The round also saw participation from agriculture-focused investment fund Benzai10.
The Vadodara-based company develops animal-origin-free recombinant proteins. It will use the capital to expand its bioreactor capacity, build downstream processing infrastructure, and launch a new line of smart proteins and recombinant peptidase enzymes.
The funds will also be used to strengthen quality control, regulatory compliance, and expansion of sales and distribution channels.
"The seed round marks a key milestone in our journey and will accelerate our path to scale, enabling sustainable innovation across healthcare, food, and bio-industrial sectors," said Vipul Kumar, director at Genexis Biotech.
Over the past year, Genexis has developed a range of recombinant growth factors, peptidases, and cell culture reagents, while establishing strategic partnerships with pharmaceutical companies, biotech startups, and research laboratories. The company's certified Class 10,000 manufacturing facility is now operational, with plans underway for a GMP-compliant unit.
The company also aims to enter regulated biotech export markets and strategic collaborations with contract development and manufacturing organizations (CDMOs), academic labs, and biopharma companies. Other plans include developing encapsulated growth factor formulations for the cosmetics industry.
EVeez
EVeez, an electric vehicle subscription platform, has secured $5 million (Rs 43 crore) in a Series A round led by Michael & Susan Dell Foundation (MSDF), with participation from Caret Capital, Ev2 Ventures, and Thinkuvate.
Of the $5 million, Caret Capital invested $1 million in the Gurugram-headquartered startup. The investment will drive EVeez's product innovation and its further penetration in urban logistics networks in metro and tier 2 cities.
Zigly Pet care brand Zigly, owned by listed specialty films and packaging company Cosmo First, is expanding its veterinary service capabilities through the acquisition of Bengaluru-based clinic Dr Santa Animal Healthcare.
While the deal value wasn't disclosed, Zigly said in an exchange filing that the acquisition will be completed for a lump sum consideration, which will be paid in three trenches over 36 months from the closing date. The transaction includes all Dr Santa Animal's assets, customer data, employees, and operational infrastructure.
Zigly plans to transform the acquired clinic into a multi-speciality pet care center in Whitefield, Bengaluru. The move is part of its commitment to specialized, holistic pet care and expand its footprint in India's premium pet care market.
The upcoming 24x7 multi-speciality hospital will offer veterinary consultations, surgeries, diagnostics, ultrasounds, X-rays, in-patient care, as well as a premium grooming spa, and a curated selection of pet products, Zigly said in a statement.
Published by HT Digital Content Services with permission from VC Circle.