Arboreal Bioinnovations Secures Significant Series A Investment
Arboreal Bioinnovations Private Limited has successfully raised ₹230 crore in a Series A funding round, spearheaded by Discovery Fund II (EAAA Alternatives) and Omnivore, with additional contributions from Rainmatter, an initiative by Zerodha. This funding round also saw Rainmatter, EAAA Alternatives, and Omnivore acquire a minority stake through secondary share purchases from some of Arboreal’s existing shareholders.
Khaitan & Co’s Role in the Transaction
The legal firm Khaitan & Co played a pivotal role in advising Arboreal throughout this fundraising process. Their comprehensive involvement included negotiating terms, refining transactional documents, and executing final agreements to close the deal. The transaction team from Khaitan & Co comprised of Partner Hardik Bhatia, Principal Associate Nishant Chris Mathews, Senior Associate Rhythm Chopra, and Associate Insaf Ahamad T K, whose collective expertise ensured a smooth transaction process.
JSA Advocates & Solicitors’ Contribution
On the side of EAAA Alternatives and Omnivore, JSA Advocates & Solicitors provided legal counsel. Their advisory services encompassed both primary subscription matters and secondary acquisitions from existing shareholders. The transaction was led by Partners Siddharth Mody and Anurag Shrivastav, with substantial support from Senior Associate Esha Himadri, and Associates Gavin Pereira and Damini Chouhan. Additionally, Anurag Shrivastav, along with Senior Associate Tanmayee Sahoo and Associates Gavin Pereira and Prakhar Jain, conducted thorough due diligence.
Arboreal’s Vision and Future Plans
Arboreal Bioinnovations is at the forefront of developing, manufacturing, and commercializing specialized food and nutraceutical ingredients. Their innovative ingredient technology platform integrates ingredient engineering, process research and development, formulation science, and precision manufacturing. The company’s product offerings include next-generation proteins, cocoa-based ingredients, natural zero-calorie sweeteners, and functional fibers, all tailored for the food, beverage, and nutraceutical sectors.
With the infusion of new capital, Arboreal aims to bolster its manufacturing capabilities, enhance its research and development initiatives, and accelerate the market introduction of its next generation of functional ingredients.
