Hemp Horizon a cannabis startup raises ₹2 crore; A campaign led by Mumbai Angels Network

Hemp Horizon is a cannabis startup that is certified under GPM and USFDA for processing hemp seed. The company earlier raised ₹2 core for its funding, the initiative was led by Mumbai Angels Network with active participation from AngelList. The initiative was highly supported by Angel investors such as Bikky Khosla, CEO of TradeIndia.

The fund raised will be used to market second-gen hemp seed products thus improving the market position of the company. The company also declared it as Carbon Negative.

People have a lot of misconceptions and taboos associated with hemp and hemp products. In reality, the products are of high medicinal value to treat various health issues (especially during menses).

Image Credit: Hemp Horizon

Company CEO and co-founder Rohit Shah said:

“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.”

Rohit Shah, Hemp Horizon

Bikky Khosla, CEO of TradeIndia also commented on this initiative:

“From taking on taboos around the benefits of cannabis and building proprietary machinery for hemp seed processing, to providing contract manufacturing to other businesses across the country – Hemp Horizons has powered through incredible challenges to come out as one of India’s leading hemp startups. Proud to be associated with them & excited to see what lies ahead!”

Bikky Khosla, TradeIndia