India's Arboreal Bioinnovations raises $24M to scale its yeast-protein and sweetener lines

What Happened

Lucknow-based Arboreal Bioinnovations closed a ₹23 crore (~$24.2M) Series A led by EAAA Alternatives and Omnivore, with Rainmatter by Zerodha also participating. The startup, which supplies functional ingredients — including its Bioprot/Evo yeast and plant proteins, Pyure low-calorie sweeteners and Cococo cacao ingredients — to over 1,100 manufacturers, will use the capital to expand manufacturing capacity and R&D.

Why It Matters

Supplying over 1,100 manufacturers already, before this raise, is the more important number than the funding amount itself — it means the yeast-protein and sweetener lines have real, repeat commercial traction, not just pilot orders.

Already supplying 1,100+ manufacturers before this round — that's traction, not a pilot.

FET's Takeaway

A yeast-protein, sweetener and cacao-ingredient portfolio under one roof is a hedged bet across three different formulation categories — worth watching which one the new capital ends up favoring.