Telluris Biotech India, an early-stage life sciences company, has raised $4 million (approx INR 28 crore) by Innovation in Food and Agriculture Fund managed by Sathguru Catalyser Advisors, cited Yourstory.
Post transaction, Sathguru will also hold a minority stake in the startup Telluris Biotech India.
Venu Polineni, founder, Telluris Biotech India, said, “We are excited to propel our growth to markets with investment from Innovation in Food and Agriculture Fund. Our foray to markets will provide unparalleled environment-friendly biocontrol and bio-molecular products to farmers in India and elsewhere who face severe challenges from the root-knot, cyst nematodes, and plant root pathogens. Our extensive research-based innovative solutions will result in the farmers’ efforts to protect their crops and enhance yield significantly”.
Telluris Biotech was founded by Venu Polineni in 2015. The company Telluris claimed that its proprietary biological and bio-molecular products have the potential to provide significant savings to crop growers.
Telluris also claims to be involved in developing solutions to important issues that harm agricultural and food processing industries.
The company says that it focuses on bringing environment-sensitive biological control products for the dreaded plant root-knot and cyst nematode-related disease.
As per its LinkedIn page, its biological solutions will help to farmers growing crops such as capsicum, tomato, chilli, okra, gherkins, muskmelon, watermelon, carnations, roses, gerbera and anthuriums.
The company says that these crops have reached an unprecedented level, wherein a loss of about 80% in yield has been reported in their overall growth.
Krishna Kumar, Chairman of Sathguru Catalysers, said, “Our investment in Telluris is a contribution towards sustainable agriculture with science-based solutions that can provide true health and environment benefit to growers. We perceive the opportunity for Telluris to provide gains to growers through their pipeline of products that are uniquely positioned to application in a wide range of crops”.