BacAlt Biosciences raises Rs 18 crore funding led by Avaana Capital

BacAlt Biosciences, a biotech startup has raised Rs 18 crore in a funding round led by early-stage investment firm Avaana Capital.

Lubrizol InnoVentures, the innovation arm of global speciality chemicals provider Lubrizol, also participated in this round.

The startup will use the funds to boost R&D, set up pilot production, grow its team, and plan market expansion.

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“Just getting rid of packaging or making your packaging recyclable or biodegradable is not good enough. We have to think about formulations. Almost 87% of the top 10 best-selling products contain microplastics in their formulations. That’s what we are changing,” founder and CEO Shruti Kutmutia said.

“We will commercially launch it in June next year, which is why we have raised this fund to set up a pre-pilot facility where our launch will truly take shape,” she added.

Shruti Srivastava, investment director at Avaana Capital, said, “By combining proprietary fermentation platforms with circular use of agricultural waste, BacAlt is delivering ingredients that meet the performance and cost thresholds required for scale in FMCG.”

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“With Lubrizol’s expertise and global network and BacAlt’s pioneering bio-based polymers and speciality ingredients, we aim to accelerate the development of new products that deliver enhanced value to customers and positively impact global markets,” said John Patrin, managing director of Lubrizol InnoVentures.

About BacAlt Biosciences

Founded in 2023 by Shruti Kutmutia and Pranav Nair, the Bengaluru-based BacAlt Biosciences makes sustainable speciality ingredients by turning agro-industrial waste into biopolymers using bio-manufacturing.

The company develops sustainable, high-performance and affordable ingredients for home care, personal care, agrochemicals, nutraceuticals, and pharmaceuticals, replacing petrochemical and synthetic inputs. 

Its biopolymers are used in skincare, haircare, wound care, agriculture and more.

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