Achira Labs Pvt. Ltd. announced that it will receive INR 260 million in a round of funding on May 15, 2024. The transaction include participation from returning investor Cipla Limited.

The company issued optionally convertible preference shares. The investment will be made in four tranches, Following the completion of the first tranche of investment, Cipla will hold 27.27% of the total voting rights in Achira Labs Pvt. Ltd.