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

12 Sep 2025 CW Team

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.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..