Cannabis producer Bombay Hemp Co raises $2-M

Ratan Tata-backed Bombay Hemp Company (Boheco) has raised USD 2 million (about INR 15 crore) from the family offices of Achin Kochar of the Vi-John Group, Riteesh Mohan Bakshi and Raghav Mohan Bakshi. Mumbai-based Boheco will use the capital to bolster manufacturing/production, and improve quality control, build omni channel distribution capabilities, build the brand and customer acquisition. It also plans expansion of Boheco Life, its direct-to-consumer health, wellness, and nutrition brand. The startup supplies premium hemp (cannabis/ marijuana) leaf extract and industrial hemp products. Its seed round investors included Ratan Tata, chairman of Tata Trusts and Chairman eEmeritus of Tata Sons, and Rajan Anandan, ex-Managing Director of Google India and currently Managing Director of Sequoia Capital and Surge.