Ayurvedic cannabis startup HempStreet raises $1-M

New Delhi-based ayurvedic cannabis startup HempStreet has raised USD 1 million in a pre-Series A round led by existing backer Carl Waahlin. Other investors in this round include Andre Rodrigues, a clutch of HNIs (high network individuals) from South East Asia, along with Abhishek Mohan. The proceeds will be used to expand activities around clinical trials for proprietary formulations and various pain treatment, besides facilitating R&D efforts. Founded in 2019, HempStreet helps with chronic pain and menstrual health, via responsibly dispensed cannabis-based medication. It claims that its products have shown high efficacy in solving problems related to menstrual pain.