Funding news
Biotech startup Mestastop secures $500,000
Biotechnology startup Solutions has secured $500,000 (Rs 4.5 crore) in a Pre-Series A funding round. This round was spearheaded by a consortium of 92 angel investors along with . In 2021, the company secured a seed funding round of Rs 2 crore, led by IIM Ahmedabad’s CIIE with participation from IKP and angel investors.
Founded by Arnab Roy Chowdhury and Debabani Roy Chowdhury, Mestastop is creating a cancer metastasis-focused platform, that uses wet lab biology and predictive analytics to identify and distinguish unique properties of metastasis and leverage them for drug discovery and patient treatment.
The funds will be used to generate proof of concept data with small molecules around the identified first-in-class targets and also help progress drug repurposing efforts to delay metastasis by identifying probable clinical candidates. This will also aid new animal models, clinical studies, and strategic business development.
Madsto Secures An Undisclosed Amount in Seed funding from Prajay Advisors LLP
Fashion retail brand Madsto has raised an undisclosed amount in seed round by Prajay Advisors LLP, Mumbai.
The funding round was advised and facilitated by capitalCORN, a platform specializing in helping early-stage startups with fundraising. This investment will further accelerate Madsto’s growth story in the competitive fashion retail industry.
Founded by Prashanth Sathri, Madsto is a leading young clothing brand offering on-trend clothing at affordable prices.
(This article will be updated with the latest news throughout the day.)
Edited by Saheli Sen Gupta
