Khaitan & Co, JSA act on Arboreal ₹230 crore Series A fundraise

Arboreal Bioinnovations Private Limited has raised ₹230 crore from a Series A fundraise led by Discovery Fund II (EAAA Alternatives) and Omnivore, with participation from Rainmatter by Zerodha.

As part of the transaction, Rainmatter, EAAA Alternatives and Omnivore also acquired a minority stake through secondary share purchases from certain existing shareholders,

Khaitan & Co advised Arboreal on this fundraise. The Firm's scope of work involved negotiations, marking up, finalisation and execution of transaction documents, and closing of the transaction.

The transaction team consisted of Hardik Bhatia (Partner), Nishant Chris Mathews (Principal Associate), Rhythm Chopra (Senior Associate) and Insaf Ahamad T K (Associate).

JSA Advocates & Solicitors advised EAAA Alternatives and Omnivore on this fundraise, on both the primary subscription and the associated secondary acquisitions from existing shareholders.

The transaction was led by Siddharth Mody (Partner), with Anurag Shrivastav (Partner), with support from Esha Himadri (Senior Associate), Associates Gavin Pereira and Damini Chouhan.

Anurag Shrivastav, Tanmayee Sahoo (Senior Associate), Associates Gavin Pereira and Prakhar Jain conducted due diligence.

Arboreal develops, manufactures and commercialises specialty food and nutraceutical ingredients through an integrated ingredient technology platform combining ingredient engineering, process research and development, formulation science and precision manufacturing. Its portfolio includes next-generation proteins, cocoa-based ingredients, natural zero-calorie sweeteners, functional fibres and other proprietary ingredient solutions designed for the food, beverage and nutraceutical industries.

The company plans to utilize the new capital to increase its manufacturing capabilities, enhance research and development efforts, and speed up the market launch of its next generation of functional ingredients.

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