Telangana-based early-stage life sciences startup Telluris Biotech India Private Limited, on Wednesday, announced that it has raised over $4 Mn funding led by Innovation in Food and Agriculture Fund. The fund is managed by Sathguru Catalyzer Advisors, which got a minority holding in the company.
With the recent fundings, the company plans to expand in newer markets. Further, Telluris claimed that its proprietary biological and bio-molecular products have the potential to provide significant savings to crop growers.
Telluris 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.