JSA Advocates & Solicitors (JSA) advised EAAA Alternatives and Omnivore on their investment in Arboreal’s Series A funding round, including the primary subscription and the associated secondary acquisitions from existing shareholders
Arboreal Bioinnovations Private Limited (Arboreal), a specialty food and nutraceutical ingredients technology company, has successfully completed its Series A fundraise. The funding round was led by Discovery Fund II (EAAA Alternatives), the alternatives arm of Edelweiss and Omnivore Agritech & Climate Sustainability Fund 3 (Omnivore) with continued backing from existing investor Rainmatter Investments by Zerodha (Rainmatter). As part of the transaction, Rainmatter, EAAA Alternatives and Omnivore also acquired a minority stake through secondary share purchases from certain existing shareholders, reflecting strong investor confidence in Arboreal’s long-term growth potential.
Arboreal develops, manufactures and commercialises specialty food and nutraceutical ingredients through an integrated ingredient technology platform combining ingredient engineering, process research and development, formulation science and precision manufacturing. Its portfolio includes next-generation proteins, cocoa-based ingredients, natural zero-calorie sweeteners, functional fibres and other proprietary ingredient solutions designed for the food, beverage and nutraceutical industries.
The JSA team was led by Siddharth Mody, Partner with Anurag Shrivastav, Partner and support from Esha Himadri, Senior Associate; Gavin Pereira, Associate and Damini Chouhan, Associate.
The Diligence Team comprised Anurag Shrivastav, Partner; Tanmayee Sahoo, Senior Associate; Gavin Pereira, Associate and Prakhar Jain, Associate.
Anurag is part of the Corporate practice group of JSA, with more than 12 years of post-qualification experience. He specializes in M&A, private equity transactions and general corporate advisory.