Ocimum Biosolutions raises capital from KUBC

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Hyderabad, Dec 17 (UNI) Ocimum Biosolutions today announced that it has raised 17 million US dollar capital from Kubera Cross Border Fund (KUBC) for an equity investment.

In a release here, Ocimum CEO Ms Anuradha Acharya said, 'we were looking for a partner that apart from providing growth capital and acquisition financing has a similar footprint as ours and can understand our business and global customer service and delivery model'.

'Kubera's track record and their ability to add value in a cross-border sense uniquely qualifies them to help with businesses such as ours', she added, The company also announced that it has successfully closed the acquisition of the genomics division of Gene Logic. It will retain the Gene Logic name and continue to serve customers from Gaithersburg, the release added.

UNI

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