Short description
Insect Biotechnology, Sustainable Insect derived products & ingredients, Recombinant Protein platform leveraging Silkworm Bio-factories
Description
Loopworm is building novel technologies & processes to harness the true potential of insects for developing Sustainable products. They believe that by maximising the value per insect using biotechnology & bio-processing, the insect agriculture industry will truly boom. Insects being promoted as a medium to solve food waste or as nutrition for animals & pets is limiting the potential of cultivated insects. With millions of species & a high nutrition density, insects can be leveraged to make natural plant bio-stimulants, cosmetics, nutraceuticals, food, and even industrial chemicals & wellbeing products. Insects are already being used as drug discovery and testing platforms, understanding genetics and doing evolution studies. Bio-pharma companies have been using insect cells for recombinant protein production. With a vision to become the world's largest insect processor, Loopworm has empowered insect producers and has created a decentralised capex lean insect production mechanism. By tying up with contract insect cultivators and building a novel processing technology, Loopworm is quickly fuelling the insect economy. Loopworm uses Silkworms and Black Soldier Fly larvae. With Animal & Pet nutrition as the beach-head markets, Loopworm will steadily venture into Amino Acid & Chitin derived plant biostimulants, cosmetics & nutraceuticals, oleochemicals, and recombinant proteins. In January 2024, Loopworm commissioned a 6000 Tonnes/ Annum insect processing facility to make LoopMeal and LoopOil as sustainable ingredients in Animal feed and Pet food.
Loopworm was established in 2019 by Ankit Alok Bagaria and Abhi Gawri in Bangalore, Karnataka, immediately after graduating from the Indian Institute of Technology (IIT), Roorkee, India.
Last funding
Cannot Access
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Total funding
$$121212
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Location
Bangalore, Karnataka, India, Asia
Founded on
September 12, 2019
Non-profit?
No
Acquired?
No
Employees count
11-50
Revenue range
$7890 - 12340
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Investors
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Founders
Abhi Gawri, Ankit Alok Bagaria