Biotech startup ELMED Life Sciences has secured $2.7 million in Series A funding from NABVENTURES’ AgriSURE Fund. The funds will be used to increase manufacturing capacity, enhance research and development, and expand distribution in both domestic and international markets. Founded by Pruthivin Reddy Madduri and Nikhil Konkathi, ELMED focuses on probiotic and biological solutions in various sectors, including animal health and agriculture. The company aims to deepen its presence in tier 2 and tier 3 markets and has already begun exporting to over 18 countries.
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Link to original article source: https://entrackr.com/snippets/elmed-life-sciences-raises-27-mn-in-series-a-from-nabventures-11265218
