Get All Access for $5/mo

Eyestem Raises $6.4 Million In Series A Funding Round The company's vision is to develop a scalable cell therapy platform to treat incurable diseases and democratize access to these newer technologies globally

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Pexels

Eyestem, a Bengaluru-based cell therapy company, has raised $6.4 million in Series A funding round led by Biological E. Limited, Alkem, NATCO and promoters of Kemwell Biopharma, Anurag and Karan Bagaria. The round also saw participation of existing investors Endiya Partners and Kotak Private Equity.

"We started Eyestem with the sole purpose of being able to create cell therapy products at scale for diseases that devastate a large number of people in India and the world. Post this funding, we will remain focused on solidifying our cell therapy platform and moving our flagship product for Dry AMD through early clinical trials of an international standard," said Dr, Jogin Desai, founder and CEO, Eyestem.

The company's vision is to develop a scalable cell therapy platform to treat incurable diseases and democratize access to these newer technologies globally. Eyecyte-RPE, the company's patented flagship product, is an experimental treatment for Dr Age-Related Macular Degeneration (Dry AMD) and the company has other products in the pipeline for the treatment of incurable diseases affecting humanity. The company intends to file for a first in human trial for the product within a year in consultation with CDSCO and US FDA, claimed by the company in a statement.

"We are very happy to be associated with Eyestem for their innovative work that services unmet needs of patients that have high impact for quality life," said Rajeev Nannapaneni, CEO, NATCO Pharma Limited.

Founded in 2016 by an experienced team of clinical research, regenerative medicine and ophthalmology experts, Eyestem is advised by a world-class Board and has built collaborations with other leaders and in related scientific disciplines in India, UK, Japan and the US.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
Leadership

Visionaries or Vague Promises? Why Companies Fail Without Leaders Who See Beyond the Bottom Line

Visionary leaders turn bold ideas into lasting impact by building resilience, clarity and future-ready teams.

Business News

Former Steve Jobs Intern Says This Is How He Would Have Approached AI

The former intern is now the CEO of AI and data company DataStax.

Side Hustle

'Hustling Every Day': These Friends Started a Side Hustle With $2,500 Each — It 'Snowballed' to Over $500,000 and Became a Multimillion-Dollar Brand

Paris Emily Nicholson and Saskia Teje Jenkins had a 2020 brainstorm session that led to a lucrative business.

Science & Technology

5 Automation Strategies Every Small Business Should Follow

It's time we make IT automation work for us: streamline processes, boost efficiency and drive growth with the right tools and strategy.

Marketing

5 Critical Mistakes to Avoid When Giving a Presentation

Are you tired of enduring dull presentations? Over the years, I have compiled a list of common presentation mistakes and how to avoid them. Here are my top five tips.

Science & Technology

Why Businesses Are Relying on Automation to Survive the Labor Crisis

Robots are revolutionizing industries by addressing labor shortages and enhancing efficiency, while businesses navigate challenges like workforce adaptation and high implementation costs.