Biotech startup ELMED Life Sciences has raised $2.7 million (around Rs 25 crore) in a Series A funding round from AgriSURE Fund, managed by NABVENTURES.
The proceeds will be used to expand manufacturing capacity, strengthen research and development, and scale its distribution across domestic and international markets.
Founded by Pruthivin Reddy Madduri and co-founded by Nikhil Konkathi, ELMED Life Sciences develops probiotic and biological solutions across animal health, agriculture, aquaculture, and human health.
The firm offers products for poultry, dairy, livestock, aquaculture, and soil health, focusing on improving productivity and sustainability through microbiome-based solutions.
ELMED plans to expand its manufacturing operations in Hyderabad and deepen its distribution in tier 2 and tier 3 markets. It is also looking to strengthen its presence in international markets, where demand for antibiotic-free and sustainable solutions is increasing.
The brand currently exports to over 18 countries and operates a B2B model serving enterprise clients across sectors.