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Loopworm - About the company

Loopworm is a seed company based in Bengaluru (India), founded in 2019 by Abhi Gawri and Ankit Alok Bagaria. It operates as a Manufacturer of insect based protein products and recombinant protein platforms. Loopworm has raised $6.65M in funding from WaterBridge and Omnivore, with a current valuation of $*****. The company has 39 active competitors, including 7 funded and 1 that has exited. Its top competitors include companies like Wastelink, Elmentoz and GreenGrahi.

Company Details

Manufacturer of insect based protein products and recombinant protein platforms. Operations involve processing insects into nutritional feed ingredients for animals and extracting biomolecules for use in plant nutrition, cosmetics, and pharmaceutical applications. The production process utilizes various insect species to generate proteins, fats, and peptides. These materials serve as alternatives to traditional agricultural resources in industrial and biological applications.
Social
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Email ID
*****@loopworm.in
Registered Address
677, 1ST FLOOR, 27TH MAIN, 13TH CROSS HSR LAYOUT, 1SECTOR, Bangalore, BANGALORE, Karnataka, India, 560102
Key Metrics
Founded Year
2019
Location
Bengaluru, India
Stage
Seed
Total Funding
$6.65M in 3 rounds
Latest Funding Round
Post Money Valuation
$***** as on Jun 30, 2025
Investors
Ranked
Annual Revenue
0 - ₹10 Cr as on Mar 31, 2025
Employee Count
27 as on Aug 31, 2025
Similar Companies
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Loopworm's funding and investors

Loopworm has raised a total funding of $6.65M over 3 rounds. Its first funding round was on Aug 19, 2022. Its latest funding round was a Seed round on Jun 30, 2025 for $*****. 6 investors participated in its latest round. Loopworm has 14 institutional investors and 16 angel investors.

Here is the list of recent funding rounds of Loopworm:
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Jun 30, 2025
3284962
Seed
8639807
7783195
7032745
6826071
2023
7431
Seed
6980
2854
6528
Aug 19, 2022
3968555
Seed
3784057
6487158
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Loopworm's founders and board of directors

Founder? Claim Profile
The founders of Loopworm are Abhi Gawri and Ankit Alok Bagaria. Ankit Alok Bagaria is the CEO of Loopworm.
Here are the details of Loopworm's key team members:

Loopworm's Board of Directors

Loopworm's board has 2 active members. Abhi Gawri and Ankit Alok Bagaria are part of team.
Here is the list of Loopworm's board of directors:
Name
Type
Representing
Status
Duration
Team
-
Current
6y 11m
Team
-
Current
6y 11m

Loopworm's employee count trend

Loopworm has 27 employees as of Aug 25. The total employee count is 13.0% lower than what it was in Aug 24. Here is Loopworm's employee count trend over the years:
Employee count trend for Loopworm
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Loopworm's Competitors and alternates

Top competitors of Loopworm include Wastelink, Elmentoz and GreenGrahi. Here is the list of Top 10 competitors of Loopworm, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Wastelink
Wastelink
2018, Delhi (India), Series A
Provider of food waste upcycling and circular economy platform
$5.76M
66/100
2nd
Logo for Loopworm
Loopworm
2019, Bengaluru (India), Seed
Manufacturer of insect based protein products and recombinant protein platforms
$6.65M
55/100
3rd
Logo for Elmentoz
Elmentoz
2022, Bhubaneswar (India), Seed
Provider of alternative protein solutions for animal feed and other applications
$6.45M
47/100
4th
Logo for GreenGrahi
GreenGrahi
2021, Delhi (India), Seed
Provider of insect-based products for animal nutrition, plant nutrition, and biomedical
$3.38M
46/100
5th
Logo for UltraNutri
UltraNutri
2022, Bengaluru (India), Seed
Developer of insect protein to replace fishmeal in aquaculture feed
$789K
43/100
6th
Logo for Shunya
Shunya
2023, Delhi (India), Unfunded
Provider of cattle farming and animal nutrition services
-
-
43/100
7th
Logo for Ento Proteins
Ento Proteins
2021, Mangaluru (India), Acquired
Manufacturer of insect meal oil compost humic acid and briquettes
-
-
42/100
8th
Logo for Fabbco
Fabbco
2019, Palakkad (India), Unfunded
Provider of solution to tranform bio waste into valuable resources
-
-
41/100
9th
Logo for Insectika
Insectika
Khordha (India), Seed
Operator of insect farming systems producing protein and insect byproducts
$12.1M
-
39/100
10th
Logo for Healthy Life Agritec
Healthy Life Agritec
2019, Mumbai (India), Unfunded
Brand offering milk, butter, yoghurt and bakery products
-
-
37/100
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Loopworm's Latest cap tables and shareholding

Founders (largest shareholder) own 49.68%, Funds own 37.21%, Angels own 4.70% and ESOP Pool own 8.40%. The net worth of Loopworm's founders is INR 85.1Cr as of Jun 30, 2025.
Shareholders Name
Post Round Holding %
Net worth
Cumulative Investment
Realised Returns
Unrealised Returns
Return Multiple
Founder
49.68%
85.1Cr
7565709
3800900
5227908
5849554
6684669
6915692
4911148
9620928
7080816
7387711
8064196
5755268
6713081
4240960
5980841
2719935
Fund
37.21%
63.8Cr
3992766
2091209
6587500
6381646
3373089
6344552
3999835
1152953
2319171
9070672
7887241
7091569
1640608
9972444
2873769
9911100
3743
7580
3273
7539
1782
4532
Angel
4.70%
8.06Cr
2731
1243
7077
8769
ESOP Pool
8.40%
14.4Cr
3264501
8511945
9242407
5550730
Total
100.00%
171Cr
5969596
8368096
2724726
6075341
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Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
Disclaimer
View more details of Loopworm's Shareholding

Loopworm's Investments and acquisitions

Loopworm has made no investments or acquisitions yet.

Reports related to Loopworm

Here is the latest report on Loopworm's sector:

News related to Loopworm

lockFilter this list
Media has covered Loopworm for a total of 2 events in the last 1 year, 1 of them has been about company updates.
Loopworm becomes EU Traces certifiedPet Food ProcessingDec 31, 2024Loopworm
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FAQs about Loopworm

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