Singapore-based new protein startup Shiok Meats invests in Indian counterpart Evo Foods
Singaporean cell-based meat company Shiok Meats has invested an undisclosed amount of funding in Evo Foods, according to Greenqueen. Terms of the investment were not disclosed.
The India-based startup was founded in 2019 by Forbes India 30 Under 30 alumni Kartik Dixit and Shraddha Bhansali.
Evo Foods uses biotechnology to harness proteins derived from lentils to create a total vegan liquid egg product that is more sustainable in comparison to conventional eggs.
The company has said that it plans to launch its first commercial product by mid-September.
“We are proud that Evo has been garnering all the right attention from mission-aligned mentors and investors,” said Bhansali.
India’s Myelin Foundry raises new funding for its deep tech AI platform
India-based deep tech startup Myelin Foundry has raised an undisclosed amount of funding from Kris Gopalakrishnan’s family office Pratithi, according to a press statement.
With this round, the company will focus its efforts on penetration in the OTT market in and outside India.
Founded by ex-CTO of Tata Sons Dr Gopichand Katragadda, Myelin builds edge AI products on consumer devices with its proprietary algorithms for video, voice, and sensor data.
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“We are thrilled to have Kris join us in the exciting journey of developing global first products from India. Kris has been an innovation evangelist and a startup supporter personally as well as through CII. We look forward to Kris’s guidance as we deploy solutions at the intersection of AI and complex unstructured data for edge devices,” said Dr Katragadda, founder of Myelin Foundry.
The startup had also previously secured US$1 million in September 2019 from early-stage VC Endiya Partners.
Aavishkaar Capital to raise US$150M impact fund for Southeast Asia
Indian VC Aavishkaar Capital is raising US$150 million to invest in emerging markets in Southeast Asia, according to Dealstreet Asia.
According to the report, this would mark Aavishka’s largest fund to date with the target to close next year.
Aavishkaar Venture Capital provides private equity and microfinance solutions for early stage startups and currently manages assets of up to US$1 billion.
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