BOHECO Bags Fund From Ratan Tata And Rajan Anandan

BOHECO Bags Fund From
Ratan Tata And Rajan Anandan

Ratan Tata, the chairman emeritus of Tata Sons, and Google India’s managing director Rajan Anandan are among a group of investors backing the Bombay Hemp Company (Boheco), the first startup in the country to study the medical use of cannabis in partnership with the Council of Scientific and Industrial Research (CSIR).

Mumbai-based company, which has raised a seed round of Rs 6.25 crore from the marquee investors, along with CSIR will grow cannabis and study its medicinal properties for use in the treatment of epilepsy and breast cancer, as well as for palliative care. Cannabis-related startups raised $66.3 million in venture capital funding, mostly in the United States.

Founded in January 2013, Boheco first began exploring the market through varied hemp products, beginning with clothing and now has both business and retail consumers. The company works with textile businesses, fabric suppliers and designers who source hemp fabric. It also sells its own clothing products online and in niche boutiques across different parts of India, including Jaipur, Goa and Rishikesh.


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