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Funding · Agriculture & Food Systems

Loopworm raises 27.8 crore rupees for insect protein expansion

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Date
Company
Loopworm
What it does
Insect-based protein manufacturer
Kind
Funding
Amount
₹27.8 Cr
Stage
Series A
Founded
2019
Sector
Agriculture & Food Systems

What they do

Loopworm uses silkworms and black soldier flies to create high-protein ingredients

What happened

The company raised ₹27.8 Cr in June 2025 from Enrission India Capital and Waterbridge Ventures

Why it matters

Revenue is projected to grow significantly due to rising export demand in animal nutrition

The details

  • Loopworm raised ₹27.8 Cr in funding during June 2025.
  • Enrission India Capital and Waterbridge Ventures were investors in this funding round.
  • The startup focuses on bio-manufacturing using insects like silkworms and black soldier flies.
  • It produces protein biologics and high-protein concentrates for various industries.
  • The company aims to reduce manufacturing costs by up to eighty percent compared to traditional methods.
  • Complex biologics often cost over $500,000 annually in traditional systems.
  • Loopworm targets emerging markets where high costs are currently prohibitive.
  • The funding supports expansion of its production capabilities and market reach.

The bigger picture

  • The global insect protein industry has largely standardized around black soldier fly larvae.
  • Loopworm chose silkworms, requiring it to build a new market from scratch.
  • UN reports highlight insects as a critical future source of food and feed.
  • India produced over 41,000 tonnes of raw silk in the 2024-25 period.

About the business

  • Loopworm processes insects into high-protein concentrates and Omega-3-rich fats.
  • It sells ingredients primarily for aquaculture, poultry, and pet food sectors.
  • The company supplies feed manufacturers across India and exports internationally.
  • Key export destinations include Japan, Europe, and South America.
  • Silkworm pupae byproducts were previously discarded despite their nutritional value.
  • The founders built proprietary systems to process silkworm biomass at scale.
  • Trials proved the products improve growth rates and reduce mortality in animals.
  • Export sales faced initial friction due to regulatory unfamiliarity with silkworm protein.
  • The company competes with traditional fish meal and krill meal manufacturers.

What happens next

  • Expanding export operations to meet growing international demand.
  • Scaling production to serve aquaculture and pet food clients globally.

The deal

Type
funding

Investors

Founders

  • Ankit Alok Bagaria, Co-founder
  • Abhi Gawri, Co-founder

About Loopworm

Product
Sustainable insect-derived proteins, fats, and a silkworm-based recombinant protein platform.
Customers
Aquaculture, pet nutrition, diagnostics, and animal vaccine buyers.
How it makes money
B2B sales of protein ingredients and recombinant protein outputs for industrial use.
What sets it apart
Uses silkworms as living bioreactors and a reactor-free production approach.
Operations
Develops and scales insect farming and commercial protein production from silkworms.

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