Funding · Healthcare & Life Sciences
Genexis Biotech raises seed funding for protein platform
By Startup Enthusiast ·
- Date
- Company
- Genexis Biotech
- What it does
- Recombinant protein production via fermentation
- Kind
- Funding
- Amount
- $457K+
- Stage
- seed
- Founded
- 2019-10
What they do
Genexis Biotech uses precision fermentation to produce recombinant proteins for research and pharma
What happened
It raised over $457K in seed funding and earlier got support from Indigram Labs Foundation
Why it matters
The startup aims to localise production of specialised proteins currently imported into India at high cost
The details
- Genexis Biotech is a deep-tech startup that uses advanced fermentation technologies to produce recombinant proteins.
- Its core technology is precision fermentation, using microorganisms like yeast and bacteria as biological factories.
- The company has worked on 15-20 proteins across different platforms.
- It raised over $457K in seed funding, with early support from Indigram Labs Foundation.
- Earlier funding came from personal savings and revenue from supplying proteins to government labs during the COVID-19 pandemic.
The bigger picture
- The startup's fermentation yields are nearly 20 times higher than traditional industry benchmarks.
- Its success rate in protein development projects is 60-70%.
- Genexis aims to localise production of specialised proteins currently imported into India at high cost.
About the business
- Genexis Biotech is a deep-tech startup focused on advanced fermentation technologies and recombinant protein production.
- Its core technology is precision fermentation, using microorganisms (yeast, bacteria, cell culture) as biological factories.
- The platform produces multiple recombinant proteins; it has worked on 15-20 proteins across platforms.
- Fermentation protein yields are nearly 20 times higher than traditional industry benchmarks.
- The company follows a market-driven innovation approach, identifying proteins with commercial demand and ethical value.
- It has a multi-tiered market strategy: Research Use Only proteins, GMP-grade for pharma, and regulatory-approved for global markets.
- The goal is to localise production of specialised proteins currently imported into India at high cost.
The deal
- Type
- seed
Investors
- Indigram Labs Foundation (existing) — Early supporter that introduced the startup to deep-tech investors.
Founders
- Vipul Kumar, founder
- Dr. Jitendra Wagh, co-founder
About Genexis Biotech
- Product
- Animal-origin-free recombinant proteins and enzymes made with precision fermentation.
- Customers
- Biopharma, food-tech, and cell culture companies.
- How it makes money
- Develops and sells recombinant biomolecules through B2B supply and partnerships.
- What sets it apart
- Uses precision fermentation and operates a certified Class 10,000 facility.
- Operations
- Scaling bioreactor capacity and building downstream processing infrastructure.
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