Metaform Ventures invests $2 mn in India for tobacco research

Metaform Ventures invests $2 mn in India for tobacco research

Points to Remember:

  • Silicon Valley-based investment fund Metaform Ventures is investing $2 million in its India Center of Excellence for research on tobacco cessation related to smokeless tobacco products like ‘gutka’.
  • It aims to provide empirical data and evidence to encourage new harm reduction tools and cessation techniques to reduce tobacco usage in India.
  • According to Metaform Ventures, use of smokeless tobacco accounts for 90% of oral cancers in India, which amounts to about 300K deaths a year.
  • The fund is led by angel investor Nilesh Jain.
  • This development comes on the heels of India announcing a ban on all operations around e-cigarettes and vapes in the country.
  • This includes a ban on “production, manufacturing, import/export, transport, sale, distribution, storage and advertising related to e-cigarettes.
Important Possible questions based on above News:
  1. Recently who is investing $2 million in its India Center of Excellence for research on tobacco cessation related to smokeless tobacco products like ‘gutka’? Metaform Ventures
  2. How much amount has been infused by Metaform Ventures in its India Center of Excellence for research on tobacco cessation? $ 2 Million

 

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