SIDBI Venture Capital invests in OmniBRx Biotechnologies Private Limited

OmniBRx Biotechnologies Private Limited receives investment from SIDBI Venture Capital

New Delhi (India), March 17:  OmniBRx, a bioprocess engineering company, announced a Series a equity raise of INR 30 crore from SIDBI Venture Capital Limited.

Commenting on the occasion, Mr. Ravindra Patel, founder and CEO of OmniBRx Biotechnologies, said, “We are thankful to the team at SVCL for believing in our vision and backing us on our expansion plans”. He further added that “Scalable and Efficient bioprocessing technologies, specifically the Single-use bioreactor platforms, are in high demand worldwide for the production of vaccines and other biologicals. Innovation-based technology solutions from OmniBRx have the potential to meet these exponentially growing market demands of biologics and vaccines.

The CellBRx Single-use Bioreactors from OmniBRx are the world’s largest and most efficient vaccine manufacturing platform for large-scale vaccines and viral vector Production. OmniBRx is also the creator of the world’s first integrated seed train development platforms in close-loop sequentially programmed bioreactor systems,” Ravindra added.

With an infusion of series-A funds, OmniBRx is all set to expand its business in the overseas market. The company would also invest in adding to its capacity and building best-in-class manufacturing facilities to augment its production capabilities and meet growing market demands.

Sajit Kumar. Sr. VP at SIDBI Venture Capital Limited quoted, “We are happy to partner with OmniBRx. We believe that their focus and deep domain knowledge will help them to penetrate the global markets. This is our third investment out of “Ubharte Sitaare Fund”, a fund for MSME’s focused on scaling up in the export markets. Wishing them all the best”.

Delhi-based Indus Capital, a boutique investment bank founded by Mr. Santosh Patra, was the exclusive financial advisor to OmniBRx for this transaction.

About OmniBRx, it is an Ahmedabad-based Bioprocess engineering company focused on the design and development of novel single-use bioreactors (SUBs) for cell culture-based bioprocessing applications, i.e. Vaccines, Gene therapies, and biologics production. The Company was incorporated in 2016 and successfully launched its innovative products like CellBRx and MiniBRx single-use Bioreactor platforms.

About SIDBI Ventures, the company incorporated in 1999, is a wholly owned subsidiary of SIDBI (www.sidbi.in), the Apex Financial Institution in India for the MSME sector. Over the years, SVCL has set up and managed several Venture Capital Funds / AIFs, “Ubharte Sitaare Fund” is the eighth Fund set up and managed by SVCL.

If you have any objection to this press release content, kindly contact pr.error.rectification[at]gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.

Business

Phoenixx Artists: An Application Illuminating the Journey to Stardom in Bollywood and Hollywood curated by Gaurang Doshi and Niti Agarwal

Mumbai (Maharashtra) [India], May 21: A new dawn rises in the world of entertainment as Gaurang Doshi, Bollywood’s acclaimed director and producer, teamed up with Niti Agarwal, the owner of TTF Productions to unveil their magnum opus – ”Phoenixx Artists”. Phoenixx Artists, a subscription-based platform, represents a paradigm shift, offering a celestial pathway for both […]

Read More
Business

Shaping Success: The Dynamic Profiles of India’s Top 10 Businesses

New Delhi [India], May 21: Discover the stories behind India’s most influential companies in this insightful exploration. From innovative startups to established industry leaders, the listicle delves into the strategies, leadership, and market impact that have propelled these firms to the forefront of their sectors. Uncover the secrets of their success and the visionary individuals […]

Read More
Business

Iconic Fusion: Maison De Couture partners majoliX Global

New Delhi [India], May 21: In a unique collaboration poised to relook the landscape of contemporary fashion, “Maison De Couture,” the renowned French luxury fashion house, joins hands with “majoliX Global,” a new age consulting and digital solutions organization dedicated to promoting Indian products, services, and management expertise worldwide. This collaboration heralds an era of […]

Read More