Cannabis startup Hemp Horizons said it raised Rs 2 crore in seed funding from Mumbai Angels Network and AngelList.
Hemp Horizons is a seed-processing company registered with the US Food and Drug Administration (FDA) and certified for Good Manufacturing Practices (GMP).
“We are happy to see more and more individuals understanding the benefits of cannabis and investment funds looking at companies like ours as a potential game-changer in the health and wellness space,” Hemp Horizons CEO Rohit Shah said.
Founded by Shah, Kartikey Dadoo, and Kanishk Yadav, Hemp Horizons want to make use of cannabis for medicinal purposes. Cannabis is being used in Ayurvedic, Siddha and Unani schools of medicines.
Funding will help the startup launch and market cannabis extracts and hemp-seed products.