Cannabis startup Hemp Horizons raises Rs 2 crore in seed funding
Established by Rohit Shah, Kartikey Dadoo, and Kanishk Yadav, the organization needs to utilize cannabis for therapeutic purposes.
Hemp Horizons is a seed-preparing organization enrolled with the US Food and Drug Administration (FDA) and confirmed for Good Manufacturing Practices (GMP).
Private backer Bikky Khosla, CEO of TradeIndia.com and Chairman of the ASSOCHAM online business advisory group, likewise partook in the round. He is the more youthful sibling of famous Silicon Valley financial backer Vinod Khosla.
"We are glad to see an ever-increasing number of people understanding the advantages of cannabis and venture finances seeing organizations like our own as a possible distinct advantage in the wellbeing and health space," Hemp Horizons CEO Rohit Shah said.
Established by Shah, Kartikey Dadoo, and Kanishk Yadav, Hemp needs to utilize cannabis for therapeutic purposes—a developing pattern in western nations. Cannabis is being utilized in Ayurvedic, Siddha, and Unani schools of medications.
Subsidizing will help the startup dispatch and market cannabis concentrates and hemp-seed items.
"Today expanding interest for hemp seeds over conventional homegrown seeds is driving the development of the market. There are more than 2 crore legitimate cannabis clients in India and the developing interest for individual consideration items, protein enhancements, beautifiers and a few other Hemp items will support the market," the startup said.
In numerous nations, cannabis use, in any structure, is profoundly directed and by and large illicit, however, it is gradually changing in certain states in the US, and in Canada, where cannabis-based items can be sold over the counter.