Biotechnology startup Zaara Biotech, fostered under the Kerala Startup Mission's (KSUM) flagship Innovation and Entrepreneurship Development Centre (IEDC) scheme, raised an undisclosed amount of investment from US-based Transcend International to set up the startup's algal seaweed technology facility in the US.
Zaara Biotech will use the amount for setting up a manufacturing facility for food and beverages under the brand name 'B-lite', an algal seaweed culturing facility, and a research centre for photobioreactors in the US.
Currently, Zaara is working in the UAE for setting up the manufacturing facility for FMCG products.