Biotech Startup Pandorum Technologies Raises $18 Mn in Series B Round

Why It Matters

The funding positions Pandorum to advance its pipeline and compete in the fast‑growing exosome therapeutics market, while signaling investor confidence in Indian biotech innovation. Successful commercialization could reshape regenerative medicine and attract further capital to the sector.

Key Takeaways

• $18M Series B led by Protons Corporate
• Valuation reaches $91M post‑money
• Funds target clinical programs, manufacturing, market expansion
• Exosome‑based therapies aim regenerative tissue repair
• Total funding $43M; FY24 pre‑revenue losses ₹28.2 crore

Pulse Analysis

Exosome‑derived therapeutics are emerging as a cornerstone of next‑generation regenerative medicine, promising targeted tissue repair with reduced immunogenicity. Global investors have poured over $10 billion into exosome platforms in the past three years, driven by early clinical successes in cardiovascular and neurodegenerative indications. Pandorum’s focus on programmable exosome vectors places it within this high‑growth niche, leveraging its dual‑base operations in India and the United States to tap diverse talent pools and regulatory pathways.

The $18 million Series B, led by Protons Corporate and supported by Galentic Pharma, Avinya Fund, and other strategic backers, underscores a broader shift toward cross‑border biotech collaborations. By partnering with AGC Biologics for U.S. and European manufacturing and Nucelion Therapeutics for Asia‑Pacific supply, Pandorum adopts a globally distributed production model that can accelerate scale‑up while mitigating single‑source risk. The capital infusion is earmarked for advancing late‑stage clinical trials, expanding manufacturing capacity, and penetrating key markets in the U.S., Japan, and the Middle East, aligning with the company’s ambition to become a multinational player in tissue regeneration.

Looking ahead, Pandorum must navigate stringent regulatory scrutiny and demonstrate clear efficacy to transition from pre‑revenue status to commercial viability. Its FY24 loss of ₹28.2 crore reflects the heavy R&D spend typical of early‑stage biotech, yet the post‑money valuation of $91 million signals market confidence. If the company can deliver on its exosome pipeline, it could set a benchmark for Indian‑origin biotech firms seeking global relevance, potentially unlocking further investment and catalyzing growth across the regenerative medicine sector.

Biotech startup Pandorum Technologies raises $18 Mn in Series B round

By Shashank Pathak · 09 Feb 2026 14:51 IST

Biotech startup Pandorum Technologies has raised $18 million in a Series B funding round led by Protons Corporate, with participation from Galentic Pharma, Ashish Kacholia, Noblevast Advisory, Avinya Fund, and the Burman Family, among others.

Entrackr had exclusively reported the current development in November last year. The funding round was completed in two tranches, with the first tranche in November and the second in December.

According to Entrackr’s analysis, the company will be valued at around ₹822 crore (approximately $91 million) post‑money.

The proceeds will be used to:

• Advance clinical programs

• Scale manufacturing

• Expand market access across the U.S., Japan, and the Middle East

A portion of the funds will also be deployed towards strengthening regulatory and clinical capabilities.

Founded by Tuhin Bhowmick and Arun Chandru, Pandorum operates in the regenerative medicine and biotechnology space, focusing on programmable, exosome‑based tissue regenerative therapies. The company has operations in India and the United States.

The brand follows a globally distributed manufacturing strategy. It has partnered with AGC Biologics for manufacturing support in the U.S. and Europe, and Nucelion Therapeutics, a subsidiary of Bharat Biotech, for supply across the Asia‑Pacific region. The company is also exploring partnerships in the Middle East.

According to TheKredible, Pandorum has raised around $43 million to date, including the $11 million secured last year as an extension of its Series A.

Pandorum has yet to file its FY25 financials. In FY24, the company was in a pre‑revenue stage and reported losses of ₹28.2 crore.

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