Funding · Agriculture & Food Systems
Loopworm raises 27.8 crore rupees for insect protein expansion
By Startup Enthusiast ·
- Date
- Company
- Loopworm
- What it does
- Insect-based protein manufacturer
- Kind
- Funding
- Amount
- ₹27.8 Cr
- Stage
- Series A
- Founded
- 2019
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
- Enrission India Capital (investor)
- Waterbridge Ventures (investor)
- Omnivore Ventures (existing) — Invested ₹25.8 Cr in September 2022.
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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