Biotech startup Zaara raises funding from Transcend International

Thrissur-based Zaara Biotech has raised funding from the US-based Transcend International. The funds will be used to set up an algal seaweed technology facility, an algal seaweed culturing facility and a research center for photobioreactors in the US. While production R&D will be done by Zaara Biotech India, the other operations will be handled by Zaara Biotech International. Zaara offers sustainable environmental solutions to resolve energy and food crises by using micro-algae in its research. It is setting up a manufacturing facility in the UAE for FMCG products.