Private Equity PE-VC Fund Investments
Beauty-focused biotech co. Cellarim raises Rs.6-Cr from 3i Partners, Venture Catalysts, others
Source Cellarim Labs (opens in a new tab)Entrackr (opens in a new tab)
Bengaluru-based biotechnology startup Cellarim Labs has raised INR 6 crore in a seed funding round co-led by 3i Partners and Venture Catalysts, with additional participation from Momentum Capital, Jashan Bhumkar, Gayathri Kuppendra Reddy, and others.Founded in 2023 by Hitesh Rafalia and Nisa Mehreen, Cellarim Labs focuses on cell-free bio-manufacturing for beauty and personal care ingredients. The company plans to use the new capital to set up a pilot-scale biomanufacturing facility, accelerate the commercial production of its product NeuHyal, and expand its business-to-business (B2B) ingredient supply to beauty and cosmetic brands.