CEBU, Philippines -- A Singaporean company with designs on being the world's first producer of commercially viable faux minced shrimp has secured $12.6 million in Series A funding led by sustainable aquaculture-focused fund Aqua-Spark.
DealStreetAsia
Shiok Meats raises $12.6m as it refines faux shrimp
Singapore startup endeavors to lower cost of its minced product to $50 per kg
This dumpling is made with lab-grown shrimp meat that now costs $300 per kilogram to produce. © Reuters
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