BacAlt Biosciences Raises Rs 18 Cr for Bio-Polymer Scale-Up
ECONOMY & POLICY

BacAlt Biosciences Raises Rs 18 Cr for Bio-Polymer Scale-Up

Mumbai-based biotech startup BacAlt Biosciences has secured Rs 18 crore in funding to scale production of high-performance, sustainable bio-polymers. The round was led by Avaana Capital with participation from Lubrizol InnoVentures, the co-innovation platform of speciality chemicals major Lubrizol.
BacAlt develops bio-based polymers that offer non-microplastic, cost-competitive alternatives to synthetic ingredients, using circular feedstocks and low-energy fermentation methods. The solutions are targeted at mass-market applications in home and personal care, agrochemicals, nutraceuticals, and pharmaceuticals.
The company plans to use the funds to expand R&D, build pilot facilities, strengthen its team, and prepare for international expansion. Co-founder Shruti Kutmutia said BacAlt aims to position India as a hub for sustainable speciality ingredients, while Avaana’s Shruti Srivastava noted the company’s ability to meet the performance and cost thresholds needed for scale. Lubrizol added that the partnership would help accelerate new product development for global markets.

Mumbai-based biotech startup BacAlt Biosciences has secured Rs 18 crore in funding to scale production of high-performance, sustainable bio-polymers. The round was led by Avaana Capital with participation from Lubrizol InnoVentures, the co-innovation platform of speciality chemicals major Lubrizol.BacAlt develops bio-based polymers that offer non-microplastic, cost-competitive alternatives to synthetic ingredients, using circular feedstocks and low-energy fermentation methods. The solutions are targeted at mass-market applications in home and personal care, agrochemicals, nutraceuticals, and pharmaceuticals.The company plans to use the funds to expand R&D, build pilot facilities, strengthen its team, and prepare for international expansion. Co-founder Shruti Kutmutia said BacAlt aims to position India as a hub for sustainable speciality ingredients, while Avaana’s Shruti Srivastava noted the company’s ability to meet the performance and cost thresholds needed for scale. Lubrizol added that the partnership would help accelerate new product development for global markets.

Next Story
Real Estate

Alpine Luxury Homes Surge 23% Despite Global Slowdown

The latest Knight Frank Alpine Property Report 2026 reveals that Europe’s Alpine property market continues to outperform global luxury trends, with prime home prices rising 23 per cent on average over the past five years. The surge is being driven by year-round demand, flexible working lifestyles, and a growing appetite for permanent mountain living.The Knight Frank Alpine Property Index recorded 3.3 per cent annual growth, led by Andermatt (+14.6 per cent), Davos (+10 per cent), and Cortina d’Ampezzo (+10 per cent), underscoring the region’s resilience and enduring international appeal...

Next Story
Infrastructure Urban

Hindustan Zinc Partners with BecomingX for the World’s Deepest Marathon

Hindustan Zinc the world’s largest integrated zinc producer and one of the top five global silver producers, has announced its partnership with BecomingX for the World’s Deepest Marathon, an unprecedented endurance event set 1,120 metres below the Earth’s surface at Boliden’s Garpenberg zinc mine in Sweden.Taking place on October 25, the marathon will feature 60 runners from 18 countries — including CEOs, mining leaders, charity workers, and first-time marathoners — all uniting to raise $1 million for charity. Hindustan Zinc’s CEO, Arun Misra, and COO, Kishore S will represent th..

Next Story
Infrastructure Urban

Bridgestone India Honours Changemakers at Mobility Impact Awards 2025

Bridgestone India announced the winners of the 5th edition of its Mobility Social Impact Awards (MSIA) 2025, celebrating organisations that have leveraged mobility as a catalyst for social transformation. The award ceremony, held in Pune, brought together industry leaders, policymakers, and social innovators dedicated to advancing inclusive and sustainable mobility solutions.The awards were presented across two categories — Empowerment of Vulnerable Communities and Road Safety Innovation and Excellence — and felicitated by Dr. Girish Kulkarni, noted social worker and Founder of Snehalaya...

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?