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Richcore

Richcore

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Richcore develops proprietary enzyme formulations to conserve food, water and energy across several industries - immediate solutions address USD 300+M domestic market across animal nutrition, effluent treatment & sugar industries. The company’s differentiation stems from its technology platform: ability to (i) deliver proprietary formulations by changing structural sequences of existing enzymes, and (ii) address inefficiencies in industrial processes and provide a 100% eco-friendly solution. The deal was sourced through proprietary sources of the fund manager.  

Richcore was founded by an ex-Biocon executive who managed the company’s industrial enzyme sales. The R&D is headed by a Professor of Bioprocess Engineering of the University of Colorado. Ventureast invested in Richcore in July 2008. The company currently has four proprietary enzyme formulations, and more promising ones in the pipeline. Richcore was declared the ‘Emerging Company of the year 2011’ by Association of Biotechnology Led Entrepreneurs (ABLE). 

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