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Total amount raised
$6.65M
Latest funding date
2025-07-01
Location
Loopworm has successfully raised funding over 7 rounds, with the latest being a Seed round. The company is backed by 14 investors, including Claris Capital, Omnivore, Enrission India Capital, and WaterBridge Ventures.
Keep reading to explore the intricacies of Loopworm's fundraising journey and the investors backing this innovative platform.
Loopworm has raised at least $6.65M in disclosed funding across two major venture rounds, backed by 14 investors including WaterBridge Ventures, Omnivore, Enrission India Capital, Titan Capital, and Claris Capital. The company also received early-stage non-equity support from BIRAC, H&M Foundation - Global Change Award, Government of Karnataka, and Social Alpha.
Keep reading to explore Loopworm's fundraising journey.
What Is Loopworm?
Loopworm is a Bengaluru-based insect biosciences and biomanufacturing company founded in 2019 by IIT-Roorkee alumni Ankit Alok Bagaria (CEO) and Abhi Gawri. The company uses insects — primarily silkworms — as bioresources to produce sustainable proteins, fats, plant biostimulants, and recombinant proteins. Its novel reactor-free platform uses silkworms as living bio-factories to manufacture recombinant proteins for diagnostics, animal vaccines, and other applications. Loopworm operates a 6,000-tonne-per-year insect processing facility in Bengaluru and exports to Europe, South America, and ASEAN markets. It holds certifications including ISO 22000, GMP+, and HACCP.
How Much Funding Has Loopworm Raised?
- Non-Equity Assistance / Grants (2019–2021)
- Amount Raised: Various small grants (approx. $57,000+ disclosed); individual grants from BIRAC/AIM Smart City/Social Alpha (~2019), Government of India grant (~$30,000, Feb 2020), Government of Karnataka grant (~$15,000, Jun 2020), H&M Foundation - Global Change Award (~$12,000, Apr 2021)
- Date: 2019–2021
- Lead Investors/Grantors: BIRAC, Social Alpha, AIM Smart City, Government of India, Government of Karnataka, H&M Foundation - Global Change Award
- Seed Round
- Amount Raised: USD 3,400,000
- Date: August 2022
- Lead Investors: Omnivore (co-lead), WaterBridge Ventures (co-lead)
- Participants: Titan Capital, Nadir Godrej (Godrej Agrovet), Sanjiv Rangrass (ex-ITC), Akshay Singhal (Log9 Materials)
- Pre-Series A (Seed)
- Amount Raised: USD 3,250,000
- Date: July 2025
- Lead Investors: WaterBridge Ventures (co-lead), Enrission India Capital (co-lead)
- Participants: Claris Capital, Vinay Mittal, Rohit Chawla, Keshav Damani
Total Amount Raised: At least $6.65M based on disclosed funding (excluding early non-equity grants of ~$57K).
Key Investors
- WaterBridge Ventures
- Details: WaterBridge Ventures is a consumer-focused venture capital firm based in India. It is an existing investor in Loopworm, co-leading both the 2022 Seed round and the 2025 Pre-Series A round.
- Omnivore
- Details: Omnivore is an Indian agrifood and climate VC firm. It co-led Loopworm's 2022 Seed round of $3.4M and has been a key early backer of the company.
- Enrission India Capital
- Details: Enrission India Capital is a Japan-based venture capital firm that co-led Loopworm's 2025 Pre-Series A round of $3.25M, marking its entry as a new investor.
- Titan Capital
- Details: Titan Capital is an Indian venture capital firm that participated in Loopworm's 2022 Seed round and remains an early backer of the company.
- Claris Capital
- Details: Claris Capital is an investor that participated in Loopworm's 2025 Pre-Series A round.
What's Next for Loopworm?
With fresh capital in hand, Loopworm plans to set up a dedicated commercial facility for recombinant protein production, strengthen its R&D capabilities, expand its global patent portfolio, and secure key regulatory approvals and certifications. The company aims to scale its silkworm-based bio-factory platform and expand globally in the animal and pet nutrition sectors, targeting markets in Europe, South America, and ASEAN.
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