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In 2021, Zaara Biotech secured $10 million funding from UAE-based TCN Worldwide Commerce for a similar know-how, a press release mentioned right here on Saturday.
At present, Zaara is working within the UAE for establishing the manufacturing facility for FMCG merchandise.
Lauding the startup’s achievement, KSUM CEO John M Thomas mentioned Zaara Biotech’s progress is a sworn statement to the vibrancy of IEDCs on campuses in nurturing entrepreneurial expertise amongst college students.
“IEDCs assist aspiring entrepreneurs get ample publicity and know-how expertise, apart from selling an atmosphere to arrange ventures by growing modern merchandise of social relevance. Zaara’s achievement will definitely be an inspiration for the fledgling startups at IEDCs,” he added.
Zaara Biotech Founder and CEO Najeeb Bin Haneef mentioned the whole operations in manufacturing and R&D shall be carried out by his firm whereas the opposite operations shall be dealt with by workforce Transcend below the included title — Zaara Biotech Worldwide.
Haneef mentioned all actions of Zaara Biotech USA shall be constrained to the US solely, as globally Zaara Biotech India acts as a parenting firm.
Zaara Biotech connects completely different companions in numerous areas to broaden the enterprise to hit the present FMCG market with algal seaweed merchandise, he added.
The startup has additionally manufactured India’s first algal seaweed cookies, together with excessive protein algal Spirulina cookies.
Based in 2016 on the campus of Sahrdaya Faculty of Engineering and Expertise, Kodakara in Thrissur, the startup grew by way of the IEDC programme of KSUM, apart from getting publicity to the GITEX 2019 held on the World Commerce Centre, Dubai.
KSUM has a community of round 320 mini-incubators known as IEDCs on campuses to advertise technological entrepreneurship amongst college students.
Launched in 2014, IEDC goals at selling innovation and entrepreneurial tradition in academic establishments and growing institutional mechanisms to foster techno-entrepreneurs.
KSUM is the nodal company of the Kerala authorities for entrepreneurship improvement and incubation actions within the state.
