Biotech startup String Bio raises $20-M from Woodside Energy, Ankur Capital, others

Bengaluru-based biotech startup String Bio has raised USD 20 million (nearly INR 160 crore) in a round of funding from Woodside Energy Group, Ankur Capital, Dare Ventures, Redstart and Zenfold Ventures. String Bio leverages advances in biology, fermentation technology, chemistry and process engineering to convert methane into diverse value-added products. The company has also signed a strategic development agreement with Woodside Energy Technologies Pty Ltd, a wholly-owned subsidiary of Woodside Energy Group, for producing sustainable protein ingredients from greenhouse gases.