Why did you choose to focus on industrial enzymes as your first business venture?
Replied byKiran Mazumdar-Shaw
Founder & Executive Chairperson at Biocon
Niche: Health & Wellness
Revenue: Approx. $172 Million/month
Location: Bengaluru, Karnataka, India
Started: 1978
My Irish partner offered a buyback guarantee, which solved the initial customer acquisition problem. We extracted papain from papaya latex and developed fermentation technologies for fungal enzymes. I was excited because enzyme catalysts are green technologies that replace polluting chemical processes.
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