The Live Green Company (TLGC) claims to be the world’s first and singular plant-only food tech company and uses its data recommendation engine “Charaka'' to research and develop new plant-based foods, which use different distinct sources of Indian indigenous science, biotechnology, and machine learning tools and validates the data through third-party research. The company also uses its team of scientists to analyze the nutritional, organoleptic, physicochemical, and molecular properties of plants. Charaka is incorporated with 450,000 plants, 10 million compounds, and one billion data points to provide plant-based solutions for animal, synthetic, and highly processed ingredients at a fraction of the time and cost of traditional R&D.
TLGC’s plant-only burger mixes are made using natural herbs and spices such as lentils, peas, mung beans, mushrooms, ginger, cilantro, and bell peppers with bioactive compounds. Its products are available in stores in Chile, Peru, and the US via Amazon web sales.
Key customers and partnerships
In April 2021, the company entered Peru with a minority investment from Sigma through the Tastech by Sigma acceleration program. Along with Sigma Alimentos, the company completed a technology pilot project based on replacing food additives with plant-based alternatives using Charaka. In June 2022 , Live Green Co partnered with FoodForms, an internal startup by Sigma, to develop plant-based food additives by utilizing the Charaka platform.
Funding and financials
In its last funding round in January 2022, the startup secured USD 7 million in pre-Series A funding led by DRADs Capital. According to the company, the funds were to be used to establish a US headquarters, improve the company's patented AI Charaka's capabilities, strengthen IP protections, and develop B2B licensing and manufacturing agreements.
In July 2023, Duopharma Biotech Berhad (DBB) announced it will invest up to USD 1 million in TLGC to co-develop plant-based wellness products using Charaka. Through this investment, DBB acquired shares in TLGC to secure manufacturing, marketing, and distribution rights for co-developed products in the ASEAN market.
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