BacAlt Biosciences secures Rs 18 Cr seed funding

BacAlt Biosciences has raised Rs 18 crore in seed funding led by Avaana Capital, with participation from Lubrizol India.

Founded by Shruti Kutmutia and Dr. Pranav Nair in 2023, Bengaluru, India, BacAlt Biosciences is building sustainable specialty ingredients by turning agro-industrial waste into biopolymers using bio-manufacturing.

They develop high-performance and affordable ingredients for home care, personal care, agrochemicals, nutraceuticals, and pharmaceuticals, replacing petrochemical and synthetic inputs.

The fresh capital will be used to boost R&D, set up pilot production, grow its team, and plan market expansion.

• Commercially launching next June, aiming to set up a pre-pilot facility.
• Combines proprietary fermentation platforms with circular use of agricultural waste to deliver ingredients meeting performance and cost thresholds for FMCG.