BacAlt Biosciences raises INR 18Cr Pre-Seed to transform agricultural waste into biopolymers

Bengaluru-based BacAlt Biosciences raised $2M in pre-seed funding from Avaana Capital and Lubrizol InnoVentures. Founded in 2024 by Shruti Kutmutia and Pranav Nair, the biotech startup makes biopolymers from post-harvest waste to reduce petrochemical use. The funds will expand R&D and production. Serving home care, personal care, and pharma sectors, BacAlt aims to position India as a bio-manufacturing hub within a $300B bioeconomy by 2030.