In a significant stride toward sustainable innovation, Bengaluru-based biotech startup BacAlt Biosciences has raised ₹18 crore (approximately $2 million) in a pre-seed funding round. The investment, led by early-stage venture firm Avaana Capital with participation from Lubrizol InnoVentures, the innovation arm of global specialty chemicals company Lubrizol, brings the company's valuation to $8 million
Revolutionizing Biopolymer Production
Founded in 2023 by Shruti Kutmutia and Pranav Nair, BacAlt Biosciences is pioneering the conversion of post-harvest agricultural waste into high-performance biopolymers. Utilizing proprietary fermentation platforms, the company transforms crop residues i
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