PE-VC Fund Investments
Gene-editing focused biotech co. CrisprBits raises $3-M from Spectrum Impact, others
Bengaluru-based biotech startup CrisprBits has raised USD 3 million (INR 26.8 crore) in a pre-Series A funding round led by Spectrum Impact and the family office of Aarti Industries chairman and managing director Rajendra Gogri. The round also saw participation from the promoter family of HBL Engineering and C-CAMP (Centre for Cellular and Molecular Platforms), alongside existing investors Vijay Alreja Family Office (VJ Technologies Group) and CrisprBits founders.Founded in 2020 by Vijay Chandru, Sunil Arora, Rajeev Kohli, Bharat Jobanputra, and Aditya Sarda, CrisprBits develops high-quality and affordable solutions in CRISPR-based diagnostics and gene editing. The startup currently offers three molecular platforms: PathCrisp for diagnostic solutions, EdiCrisp for gene editing solutions, and CurieCrisp as a disease modelling platform.The new funds will be used to commercialise its PathCrisp molecular diagnostics platform and to enhance the production capacity for high-impact tests relevant to food safety, animal health, and human health. A part of the funds will also be used to develop a CRISPR-driven strain engineering platform aimed at optimising biofuel production to meet industrial sustainability requirements. It also intends to expand its diagnostic products to Africa and Latin America and strengthen its operations by expanding infrastructure and production capabilities.
In Feb 2023, CrisprBits had attracted about USD 0.25 M from VJ Technologies.
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