#startup of the day 11 - Loopworm

Inception - 2019

Location -  Bengaluru, India

Industry domain -  Insect Biotechnology & Biomanufacturing

Founder - Ankit Alok Bagaria and Abhi Gawri (IIT Roorkee alumni)

Total team strength - 60+ employees, including 20+ scientists

Total funds raised -  USD 6.65 million (USD 3.4M Seed in 2022 + USD 3.25M Pre-Series A in 2025)

Investors - Omnivore, Waterbridge Ventures, Enrission India Capital, Titan Capital and marquee angel investors.\

Supported by: Social Alpha (Tata Trusts), H&M Foundation, Ministry of Agriculture & Farmers Welfare, Department of Biotechnology (Government of India).

Revenue generated since inception - ~INR 20 crore

Key Highlights - 

Raised USD 3.25M Pre-Series A to expand its silkworm recombinant protein platform.

Expanded to 10+ countries across 4 continents.

Secured international certifications including ISO 22000, HACCP, EU TRACES and CAA.

Recombinant protein R&D and pilot-scale infrastructure to produce custom proteins.

Founder Speaks -