Gujarat, India-based Zero Cow Factory raises USD 4 million in seed funding. The round took place on April 5, 2023. Green Frontier Capital, GVFL and pi Ventures led the financing for the firm. Meanwhile, Pascual Innoventures, the investment arm of a leading Spanish dairy group Calidad Pascual joined in the financing.
Purpose of financing for Zero Cow Factory
With the latest capital funding, Zero Cow Factory seeks to accelerate its R&D efforts. It also has plans to scale up production capacity.
Meanwhile, Zero Cow Factory plans to obtain regulatory approvals to hit the market. The firm seeks to fuel up its work on building its pilot facility in Gujarat to be ready for commercial production.
What the co-founders have to say
Sohil Kapadia, Co-founder and CEO of Zero Cow Factory said, “We are excited to partner with our investors’ outstanding setup and combine them with our talented team, which positions us uniquely to lead the way in building a global dairy 3.0 that is animal-free, sustainable, and scalable.”
In addition, Parini Kapadia, Co-founder and CSO of Zero Cow Factory, said, “We are developing a technology to reproduce milk proteins to craft real dairy products that are ethical, safe, delicious, and identical to cow milk but without any animal involved.”
What the investors have to add
Sandiip Bhammer, Co-Managing Partner and Founder at Green Frontier Capital, further said, “With cattle being the No.1 agricultural source of greenhouse gases, precision fermentation startups have the potential to disrupt the dairy industry globally. If the world (and India) has to achieve its net zero goals, there needs to be a pivot rather quickly to sustainable solutions like precision fermentation and, in that regard, Zero Cow Factory is working assiduously on developing its own proprietary A2 casein-based solution, a weakness which plant-based ingredients have not yet been able to address successfully.”
Besides, Shubham Sandeep, MD at pi Ventures said, “Zero Cow Factory’s use of cutting edge bioengineering and life science-based technologies to change the future of food production aligns well with our investment thesis of backing disruptive tech ventures. We have been impressed by Sohil and Parini and look forward to working with the entire team at Zero Cow Factory to bring lab-grown dairy products to the masses.”
In addition, Kamal Bansal, MD at GVFL, said, “Zero Cow Factory is at the forefront of innovation in the alternative protein space. Their mission is to drastically reduce greenhouse gas emissions by providing a sustainable solution that is better for the planet, people and animals.”
About the company
Parini Kapadia and Sohil Kapadia launched the company in 2021. The company earlier raised an undisclosed pre-seed round from global FoodTech investors Artesian VC and Brinc.
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